Targa Resources Accounts Receivable History
TRGP / Energy|10 years of SEC 10-K data (FY2016-FY2025)
$1.5B in FY2025 with a 5-year CAGR of +11.3%. Top quartile in the Energy sector.
Targa Resources's accounts receivable of $1.5B is higher than 82% of companies in the Energy sector (FY2025). Accounts Receivable has fluctuated over the past 10 years, ranging from $675M in FY2016 to $1.6B in FY2024.
Based on SEC 10-K filings.
Key Data Points
- Altman Z-Score 1.19 (distress zone, below 1.8 threshold)
- High earnings quality (cash-backed earnings)
- Strong return on equity: 63.9%
Data sourced from SEC EDGAR filings. Not investment advice.
- 3-Year CAGR
- +1.5%
- 5-Year CAGR
- +11.3%
- 10-Year CAGR
- -
Accounts Receivable Trend
Top 18% in EnergyTop 18% of 73This company $1.5B Sector average $1.7B
▼
-12.2% below sector average
Key Insights
- 5-year CAGR of +11.3%, indicating consistent growth.
- In FY2025, accounts receivable decreased 8.9% year-over-year.
- Ranks #13 out of 73 companies in the Energy sector.
- Peak accounts receivable was recorded in FY2024.
Annual Data
| Year | Accounts Receivable | YoY Growth |
|---|---|---|
| FY2025 | $1.5B | -8.9% |
| FY2024 | $1.6B | +10.0% |
| FY2023 | $1.5B | +4.4% |
| FY2022 | $1.4B | +5.7% |
| FY2021 | $1.3B | +54.4% |
| FY2020 | $862.8M | +0.9% |
| FY2019 | $855.0M | -1.2% |
| FY2018 | $865.5M | +4.6% |
| FY2017 | $827.6M | +22.7% |
| FY2016 | $674.6M | +30.8% |
As of FY2025 · SEC 10-K · Updated Feb 28, 2026