Targa Resources Working Capital History
TRGP / Energy|10 years of SEC 10-K data (FY2016-FY2025)
-$1.2B in FY2025.
Declined from -$566M to -$1.2B over the past 2 years.
Among 103 Energy companies, Targa Resources is in the bottom 6% for working capital. Working Capital has fluctuated over the past 10 years, ranging from -$1.4B in FY2018 to -$161M in FY2016.
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
- -
- 5-Year CAGR
- -
- 10-Year CAGR
- -
Working Capital Trend
Bottom 6% in EnergyTop 94% of 103This company -$1.2B Sector average $632.6M
▼
-287.2% below sector average
Key Insights
- In FY2025, working capital decreased 35.1% year-over-year.
- Ranks #97 out of 103 companies in the Energy sector.
- Peak working capital was recorded in FY2016.
- Lowest working capital in the period was in FY2018.
Annual Data
| Year | Working Capital | YoY Growth |
|---|---|---|
| FY2025 | -$1.2B | -35.1% |
| FY2024 | -$876.3M | -54.7% |
| FY2023 | -$566.3M | +20.3% |
| FY2022 | -$710.1M | -34.3% |
| FY2021 | -$528.7M | -65.7% |
| FY2020 | -$319.1M | -48.9% |
| FY2019 | -$214.3M | +84.5% |
| FY2018 | -$1.4B | -298.0% |
| FY2017 | -$346.7M | -115.6% |
| FY2016 | -$160.8M | -456.5% |
As of FY2025 · SEC 10-K · Updated Feb 28, 2026