Targa Resources Cash Flow Statement
TRGP / Energy|15 years of annual SEC 10-K data (FY2011-FY2025)
Covers operating cash flow, capital expenditures, free cash flow, share buybacks, and dividends paid across 15 fiscal years. All figures from audited SEC 10-K filings.
Targa Resources generated $3.9B in operating cash flow and $584M in free cash flow in FY2025. Free cash flow margin was 3.4% of revenue.
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $1.9B | $1.3B | $1.3B | $1.2B | $71.2M | -$1.6B | -$209.2M | $1.6M | $54.0M | -$187.3M | $58.3M | $102.3M | $65.1M | $38.1M | $30.7M |
| Depreciation & Amortization | $1.5B | $1.4B | $1.3B | $1.1B | $870.6M | $865.1M | $971.6M | $815.9M | $809.5M | $757.7M | $644.5M | $351.0M | $271.9M | $197.6M | $181.0M |
| Operating Cash Flow | $3.9B | $3.6B | $3.2B | $2.4B | $2.3B | $1.7B | $1.4B | $1.1B | $939.5M | $837.4M | $1.0B | $761.8M | $382.7M | $428.2M | $379.3M |
| Capital Expenditures | $3.3B | $3.0B | $2.4B | $1.3B | $505.1M | $951.6M | $2.9B | $3.1B | $1.3B | $562.1M | $817.2M | $762.2M | $1.0B | $582.7M | $331.9M |
| Free Cash Flow | $584.1M | $683.9M | $826.2M | $1.0B | $1.8B | $792.9M | -$1.5B | -$2.0B | -$358.0M | $275.3M | $217.5M | -$400.0K | -$630.9M | -$154.5M | $47.4M |
| Share Buybacks | $641.8M | $754.7M | $373.7M | $224.8M | $53.2M | $97.4M | $13.9M | $4.0M | - | - | $3.3M | $2.6M | $13.3M | $9.5M | $0 |
| Dividends Paid | - | - | - | - | - | - | - | - | $843.2M | $565.9M | $179.0M | $113.0M | $87.8M | $62.2M | $38.2M |
| FCF Margin | 3.4% | 4.2% | 5.1% | 5.0% | 10.6% | 9.6% | -17.2% | -18.8% | -4.1% | 4.9% | - | - | - | - | - |