Targa Resources Balance Sheet
TRGP / Energy|15 years of annual SEC 10-K data (FY2011-FY2025)
Shows total assets, cash and equivalents, receivables, property and equipment, total debt, and shareholders' equity across 15 fiscal years. All figures from audited SEC 10-K filings.
Targa Resources had $25.2B in total assets and $3.1B in shareholders' equity as of FY2025. Total debt was $17.4B against $166M in cash, resulting in $17.3B net debt.
Based on SEC 10-K filings.
Key Data Points
- Altman Z-Score NaN (distress zone, below 1.23 threshold)
- Cash-backed earnings: Operating cash flow exceeds net income
- High leverage: Debt-to-equity ratio of 5.68
Data sourced from SEC EDGAR filings. Not investment advice.
| Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $166.1M | $157.3M | $141.7M | $219.0M | $158.5M | $242.8M | $331.1M | $232.1M | $137.2M | $73.5M | $140.2M | $81.0M | $66.7M | $76.3M | $145.8M |
| Accounts Receivable | $1.5B | $1.6B | $1.5B | $1.4B | $1.3B | $862.8M | $855.0M | $865.5M | $827.6M | $674.6M | $515.8M | $567.3M | $658.8M | $514.9M | $575.7M |
| Inventory | $429.3M | $334.3M | $371.5M | $393.8M | $153.4M | $181.5M | $161.5M | $164.7M | $204.5M | $137.7M | $141.0M | $168.9M | $150.7M | $99.4M | $92.2M |
| Current Assets | $2.4B | $2.3B | $2.2B | $2.4B | $1.8B | $1.5B | $1.7B | $1.4B | $1.3B | $1.0B | $920.0M | $882.5M | $897.2M | $733.3M | $866.5M |
| PP&E (Net) | $20.5B | $18.1B | $15.8B | $14.2B | $11.7B | $12.2B | $14.5B | $12.9B | $10.4B | $9.7B | $9.7B | $4.8B | $4.3B | $3.5B | $2.8B |
| Goodwill | $112.3M | $45.2M | $45.2M | $45.2M | $45.2M | $45.2M | $45.2M | $46.6M | $256.6M | $210.0M | $417.0M | $0 | - | - | - |
| Total Assets | $25.2B | $22.7B | $20.7B | $19.6B | $15.2B | $15.9B | $18.8B | $16.9B | $14.4B | $12.9B | $13.2B | $6.4B | $6.0B | $5.1B | $3.8B |
| Current Liabilities | $3.5B | $3.2B | $2.8B | $3.1B | $2.3B | $1.8B | $1.9B | $2.8B | $1.6B | $1.2B | $874.9M | $826.5M | $770.4M | $686.6M | $741.1M |
| Total Debt | $17.4B | $14.2B | $13.0B | $11.5B | $6.6B | $7.8B | $7.8B | $6.7B | $5.1B | $4.9B | $5.9B | $2.9B | $3.0B | $2.5B | $1.6B |
| Shareholders' Equity | $3.1B | $2.6B | $2.7B | $5.0B | $2.0B | $2.7B | $4.9B | $6.1B | $6.8B | $5.7B | $6.3B | $2.5B | $2.1B | $1.8B | $1.3B |