Targa Resources Corp. — Financial Data
Annual figures from SEC EDGAR XBRL filings (10-K)
These figures are extracted directly from XBRL-tagged financial statements that Targa Resources Corp. filed with the SEC as part of its annual 10-K reports. XBRL (eXtensible Business Reporting Language) is a structured data format the SEC requires for machine-readable financial disclosures. Values shown are as reported — negative figures indicate a loss and are shown in red.
Revenue
Total revenue from all business activities — the top line of the income statement. Represents all money earned before any expenses are deducted.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $17.03B | Feb 19, 2026 |
| FY2025 | Dec 31, 2024 | $16.38B | Feb 19, 2026 |
| FY2025 | Dec 31, 2023 | $16.06B | Feb 19, 2026 |
| FY2024 | Dec 31, 2022 | $20.93B | Feb 20, 2025 |
| FY2023 | Dec 31, 2021 | $16.95B | Feb 15, 2024 |
| FY2021 | Dec 31, 2020 | $8.26B | Feb 22, 2023 |
| FY2019 | Dec 31, 2019 | $2.47B | Feb 20, 2020 |
| FY2019 | Sep 30, 2019 | $1.90B | Feb 20, 2020 |
| FY2019 | Jun 30, 2019 | $2.00B | Feb 20, 2020 |
| FY2019 | Mar 31, 2019 | $2.30B | Feb 20, 2020 |
Revenue
Revenue recognized from contracts with customers under ASC 606, excluding taxes collected on behalf of government authorities. This is the primary revenue concept for many companies.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2024 | Dec 31, 2024 | $14.14B | Feb 20, 2025 |
| FY2024 | Dec 31, 2023 | $13.52B | Feb 20, 2025 |
| FY2024 | Dec 31, 2022 | $19.82B | Feb 20, 2025 |
| FY2023 | Dec 31, 2021 | $16.09B | Feb 15, 2024 |
| FY2021 | Dec 31, 2020 | $6.87B | Feb 22, 2023 |
| FY2021 | Dec 31, 2019 | $7.40B | Feb 24, 2022 |
| FY2018 | Dec 31, 2018 | $2.60B | Mar 1, 2019 |
| FY2018 | Sep 30, 2018 | $2.99B | Mar 1, 2019 |
| FY2018 | Jun 30, 2018 | $2.44B | Mar 1, 2019 |
| FY2018 | Mar 31, 2018 | $2.46B | Mar 1, 2019 |
Gross Profit
Revenue minus the cost of goods sold (COGS). Gross profit shows how much revenue remains to cover operating expenses, R&D, and administrative costs before calculating operating income.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2019 | Dec 31, 2019 | $771.10M | Feb 20, 2020 |
| FY2019 | Sep 30, 2019 | $574.40M | Feb 20, 2020 |
| FY2019 | Jun 30, 2019 | $633.70M | Feb 20, 2020 |
| FY2019 | Mar 31, 2019 | $573.40M | Feb 20, 2020 |
| FY2019 | Dec 31, 2018 | $589.20M | Feb 20, 2020 |
| FY2019 | Sep 30, 2018 | $602.90M | Feb 20, 2020 |
| FY2019 | Jun 30, 2018 | $539.10M | Feb 20, 2020 |
| FY2019 | Mar 31, 2018 | $514.60M | Feb 20, 2020 |
| FY2018 | Dec 31, 2017 | $534.60M | Mar 1, 2019 |
| FY2018 | Sep 30, 2017 | $468.70M | Mar 1, 2019 |
Net Income
The bottom-line profit — what remains after all operating expenses, interest, taxes, and other costs are deducted. A negative value means the company reported a net loss for the year.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $1.92B | Feb 19, 2026 |
| FY2025 | Dec 31, 2024 | $1.31B | Feb 19, 2026 |
| FY2025 | Dec 31, 2023 | $1.35B | Feb 19, 2026 |
| FY2024 | Dec 31, 2022 | $1.20B | Feb 20, 2025 |
| FY2023 | Dec 31, 2021 | $71.20M | Feb 15, 2024 |
| FY2021 | Dec 31, 2020 | ($1.55B) | Feb 22, 2023 |
| FY2021 | Dec 31, 2019 | ($209.20M) | Feb 24, 2022 |
| FY2020 | Dec 31, 2018 | $1.60M | Feb 18, 2021 |
| FY2019 | Dec 31, 2017 | $54.00M | Feb 20, 2020 |
| FY2018 | Dec 31, 2016 | ($187.30M) | Mar 1, 2019 |
Operating Income
Profit from core business operations before interest expense and income taxes (also known as EBIT). Excludes non-operating items, making it a cleaner measure of operational efficiency than net income.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $3.33B | Feb 19, 2026 |
| FY2025 | Dec 31, 2024 | $2.70B | Feb 19, 2026 |
| FY2025 | Dec 31, 2023 | $2.63B | Feb 19, 2026 |
| FY2024 | Dec 31, 2022 | $1.73B | Feb 20, 2025 |
| FY2023 | Dec 31, 2021 | $864.80M | Feb 15, 2024 |
| FY2021 | Dec 31, 2020 | ($1.30B) | Feb 22, 2023 |
| FY2019 | Dec 31, 2019 | ($23.70M) | Feb 20, 2020 |
| FY2019 | Sep 30, 2019 | $41.60M | Feb 20, 2020 |
| FY2019 | Jun 30, 2019 | $113.70M | Feb 20, 2020 |
| FY2019 | Mar 31, 2019 | $61.30M | Feb 20, 2020 |
Operating Cash Flow
Cash generated from core business operations — a more reliable measure of financial health than net income because it strips out non-cash items like depreciation and one-time charges.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $3.92B | Feb 19, 2026 |
| FY2025 | Dec 31, 2024 | $3.65B | Feb 19, 2026 |
| FY2025 | Dec 31, 2023 | $3.21B | Feb 19, 2026 |
| FY2024 | Dec 31, 2022 | $2.38B | Feb 20, 2025 |
| FY2023 | Dec 31, 2021 | $2.30B | Feb 15, 2024 |
| FY2021 | Dec 31, 2020 | $1.74B | Feb 22, 2023 |
| FY2021 | Dec 31, 2019 | $1.39B | Feb 24, 2022 |
| FY2020 | Dec 31, 2018 | $1.14B | Feb 18, 2021 |
| FY2019 | Dec 31, 2017 | $939.50M | Feb 20, 2020 |
| FY2018 | Dec 31, 2016 | $837.40M | Mar 1, 2019 |
Capital Expenditures (Capex)
Cash spent on acquiring or upgrading physical assets — property, equipment, and infrastructure. High capex businesses include manufacturing, telecom, and energy companies.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $3.33B | Feb 19, 2026 |
| FY2025 | Dec 31, 2024 | $2.97B | Feb 19, 2026 |
| FY2025 | Dec 31, 2023 | $2.39B | Feb 19, 2026 |
| FY2024 | Dec 31, 2022 | $1.33B | Feb 20, 2025 |
| FY2023 | Dec 31, 2021 | $505.10M | Feb 15, 2024 |
| FY2021 | Dec 31, 2020 | $951.60M | Feb 22, 2023 |
| FY2021 | Dec 31, 2019 | $2.88B | Feb 24, 2022 |
| FY2020 | Dec 31, 2018 | $3.11B | Feb 18, 2021 |
| FY2019 | Dec 31, 2017 | $1.30B | Feb 20, 2020 |
| FY2018 | Dec 31, 2016 | $562.10M | Mar 1, 2019 |
Total Assets
The total value of everything the company owns or controls — cash, investments, receivables, property, equipment, and intangibles. Reported as of fiscal year end.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $25.22B | Feb 19, 2026 |
| FY2025 | Dec 31, 2024 | $22.73B | Feb 19, 2026 |
| FY2025 | Dec 31, 2023 | $20.67B | Feb 19, 2026 |
| FY2024 | Dec 31, 2022 | $19.56B | Feb 20, 2025 |
| FY2021 | Dec 31, 2021 | $15.21B | Feb 22, 2023 |
| FY2021 | Dec 31, 2020 | $15.88B | Feb 24, 2022 |
| FY2020 | Dec 31, 2019 | $18.82B | Feb 18, 2021 |
| FY2019 | Dec 31, 2018 | $16.94B | Feb 20, 2020 |
| FY2018 | Dec 31, 2017 | $14.39B | Mar 1, 2019 |
| FY2017 | Dec 31, 2016 | $12.87B | Feb 16, 2018 |
Stockholders Equity
The net worth attributable to shareholders: total assets minus total liabilities. Also called book value. Can be negative if liabilities exceed assets, which is common in capital-intensive industries.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $3.07B | Feb 19, 2026 |
| FY2025 | Dec 31, 2024 | $2.59B | Feb 19, 2026 |
| FY2024 | Dec 31, 2023 | $2.74B | Feb 20, 2025 |
| FY2023 | Dec 31, 2022 | $2.67B | Feb 15, 2024 |
| FY2021 | Dec 31, 2021 | $2.01B | Feb 22, 2023 |
| FY2021 | Dec 31, 2020 | $2.65B | Feb 24, 2022 |
| FY2020 | Dec 31, 2019 | $4.92B | Feb 18, 2021 |
| FY2019 | Dec 31, 2018 | $6.08B | Feb 20, 2020 |
| FY2018 | Dec 31, 2017 | $6.16B | Mar 1, 2019 |
| FY2017 | Dec 31, 2016 | $5.25B | Feb 16, 2018 |
Goodwill
An intangible asset representing the premium paid above fair value when acquiring another company. A large goodwill balance signals a history of acquisitions at premium prices.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $112.30M | Feb 19, 2026 |
| FY2025 | Dec 31, 2024 | $45.20M | Feb 19, 2026 |
| FY2025 | Dec 31, 2023 | $45.20M | Feb 19, 2026 |
| FY2024 | Dec 31, 2022 | $45.20M | Feb 20, 2025 |
| FY2021 | Dec 31, 2021 | $45.20M | Feb 22, 2023 |
| FY2021 | Dec 31, 2020 | $45.20M | Feb 24, 2022 |
| FY2020 | Dec 31, 2019 | $45.20M | Feb 18, 2021 |
| FY2020 | Dec 31, 2018 | $46.60M | Feb 18, 2021 |
| FY2019 | Dec 31, 2017 | $256.60M | Feb 20, 2020 |
| FY2018 | Dec 31, 2016 | $210.00M | Mar 1, 2019 |
Retained Earnings
Cumulative net income kept by the company rather than distributed as dividends. A growing retained earnings balance indicates consistent profitability; a deficit indicates cumulative losses.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $2.29B | Feb 19, 2026 |
| FY2025 | Dec 31, 2024 | $1.19B | Feb 19, 2026 |
| FY2024 | Dec 31, 2023 | $492.00M | Feb 20, 2025 |
| FY2023 | Dec 31, 2022 | ($626.80M) | Feb 15, 2024 |
| FY2021 | Dec 31, 2021 | ($1.82B) | Feb 22, 2023 |
| FY2021 | Dec 31, 2020 | ($1.89B) | Feb 24, 2022 |
| FY2020 | Dec 31, 2019 | ($339.60M) | Feb 18, 2021 |
| FY2019 | Dec 31, 2018 | ($130.40M) | Feb 20, 2020 |
| FY2018 | Dec 31, 2017 | ($77.20M) | Mar 1, 2019 |
| FY2017 | Dec 31, 2016 | ($187.30M) | Feb 16, 2018 |
Cash & Equivalents
Highly liquid assets the company holds — cash on hand, bank balances, and short-term investments with maturities of three months or less. A key indicator of short-term financial health.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $166.10M | Feb 19, 2026 |
| FY2025 | Dec 31, 2024 | $157.30M | Feb 19, 2026 |
| FY2024 | Dec 31, 2023 | $141.70M | Feb 20, 2025 |
| FY2023 | Dec 31, 2022 | $219.00M | Feb 15, 2024 |
| FY2021 | Dec 31, 2021 | $158.50M | Feb 22, 2023 |
| FY2021 | Dec 31, 2020 | $242.80M | Feb 24, 2022 |
| FY2020 | Dec 31, 2019 | $331.10M | Feb 18, 2021 |
| FY2019 | Dec 31, 2018 | $232.10M | Feb 20, 2020 |
| FY2018 | Dec 31, 2017 | $137.20M | Mar 1, 2019 |
| FY2017 | Dec 31, 2016 | $73.50M | Feb 16, 2018 |
Long-Term Debt
Debt obligations due more than one year from the balance sheet date — bonds, term loans, and notes payable. High long-term debt relative to equity can signal elevated financial leverage.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $17.43B | Feb 19, 2026 |
| FY2025 | Dec 31, 2024 | $14.17B | Feb 19, 2026 |
| FY2024 | Dec 31, 2023 | $12.95B | Feb 20, 2025 |
| FY2023 | Dec 31, 2022 | $11.54B | Feb 15, 2024 |
| FY2021 | Dec 31, 2021 | $6.60B | Feb 22, 2023 |
| FY2021 | Dec 31, 2020 | $7.76B | Feb 24, 2022 |
| FY2020 | Dec 31, 2019 | $7.82B | Feb 18, 2021 |
| FY2019 | Dec 31, 2018 | $6.66B | Feb 20, 2020 |
| FY2018 | Dec 31, 2017 | $5.05B | Mar 1, 2019 |
| FY2017 | Dec 31, 2016 | $4.88B | Feb 16, 2018 |
EPS (Basic)
Net income divided by the weighted average shares outstanding. Basic EPS does not account for dilutive securities like options or convertible bonds — use diluted EPS for a more conservative view.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 8 | Feb 19, 2026 |
| FY2025 | Dec 31, 2024 | 5 | Feb 19, 2026 |
| FY2025 | Dec 31, 2023 | 3 | Feb 19, 2026 |
| FY2024 | Dec 31, 2022 | 3 | Feb 20, 2025 |
| FY2023 | Dec 31, 2021 | 0 | Feb 15, 2024 |
| FY2021 | Dec 31, 2020 | (7) | Feb 22, 2023 |
| FY2019 | Dec 31, 2019 | 0 | Feb 20, 2020 |
| FY2019 | Sep 30, 2019 | 0 | Feb 20, 2020 |
| FY2019 | Jun 30, 2019 | 0 | Feb 20, 2020 |
| FY2019 | Mar 31, 2019 | 0 | Feb 20, 2020 |
EPS (Diluted)
Net income divided by the fully diluted share count — including all potential shares from options, warrants, and convertible instruments. The more conservative and widely cited EPS figure.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 8 | Feb 19, 2026 |
| FY2025 | Dec 31, 2024 | 5 | Feb 19, 2026 |
| FY2025 | Dec 31, 2023 | 3 | Feb 19, 2026 |
| FY2024 | Dec 31, 2022 | 3 | Feb 20, 2025 |
| FY2023 | Dec 31, 2021 | 0 | Feb 15, 2024 |
| FY2021 | Dec 31, 2020 | (7) | Feb 22, 2023 |
| FY2019 | Dec 31, 2019 | 0 | Feb 20, 2020 |
| FY2019 | Sep 30, 2019 | 0 | Feb 20, 2020 |
| FY2019 | Jun 30, 2019 | 0 | Feb 20, 2020 |
| FY2019 | Mar 31, 2019 | 0 | Feb 20, 2020 |
Shares Outstanding
Total common shares issued and held by all shareholders, excluding treasury shares. Combined with market price gives market capitalization.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 214.66M | Feb 19, 2026 |
| FY2025 | Dec 31, 2024 | 217.76M | Feb 19, 2026 |
| FY2024 | Dec 31, 2023 | 222.61M | Feb 20, 2025 |
| FY2023 | Dec 31, 2022 | 226.04M | Feb 15, 2024 |
| FY2021 | Dec 31, 2021 | 228.22M | Feb 22, 2023 |
| FY2021 | Dec 31, 2020 | 228.06M | Feb 24, 2022 |
| FY2020 | Dec 31, 2019 | 232.84M | Feb 18, 2021 |
| FY2019 | Dec 31, 2018 | 231.79M | Feb 20, 2020 |
| FY2018 | Dec 31, 2017 | 217.57M | Mar 1, 2019 |
| FY2017 | Dec 31, 2016 | 184.72M | Feb 16, 2018 |
Dividends Paid
Cash dividends distributed to common shareholders during the period. Shown as a positive value despite being a cash outflow in the SEC filing.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2015 | Dec 31, 2015 | $179.00M | Feb 29, 2016 |
| FY2015 | Dec 31, 2014 | $113.00M | Feb 29, 2016 |
| FY2013 | Dec 31, 2013 | $25.50M | Feb 14, 2014 |
| FY2013 | Sep 30, 2013 | $23.70M | Feb 14, 2014 |
| FY2013 | Jun 30, 2013 | $22.10M | Feb 14, 2014 |
| FY2013 | Mar 31, 2013 | $20.60M | Feb 14, 2014 |
| FY2013 | Dec 31, 2012 | $19.00M | Feb 14, 2014 |
| FY2013 | Sep 30, 2012 | $17.30M | Feb 14, 2014 |
| FY2013 | Jun 30, 2012 | $16.10M | Feb 14, 2014 |
| FY2013 | Mar 31, 2012 | $15.00M | Feb 14, 2014 |