Overview
Targa
Targa Resources Corp. is one of the leading providers of midstream services and is one of the largest independent midstream infrastructure companies in North America. The company is primarily engaged in gathering, compressing, treating, processing, transporting and purchasing, selling natural gas, gathering, storing, terminaling and purchasing and selling crude oil as well as purchasing and selling NGLs and NGL products, including services to LPG
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Read More exporters. Targa owns or operates approximately 31,000 miles of natural gas pipelines and includes more than 50 owned and operated processing plants. It has a presence in many shale basins including the Permian, Eagle Ford, Barnett, Anadarko, Arkoma, and Williston.
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Read More exporters. Targa owns or operates approximately 31,000 miles of natural gas pipelines and includes more than 50 owned and operated processing plants. It has a presence in many shale basins including the Permian, Eagle Ford, Barnett, Anadarko, Arkoma, and Williston.
Read Less
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256
Fortune 1000 Revenue Rank
Matthew J Meloy
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Pipeline Transportation of Natural Gas
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Natural Gas Distribution
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Pipeline Transportation
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Transportation and Warehousing
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Natural gas transmission
See All Industries , Pipelines, natural gas Natural gas distribution
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See All Industries , Pipelines, natural gas Natural gas distribution
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Charter Bus Industry
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Couriers and Express Delivery Services
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Deep Sea, Coastal, and Great Lakes Water Transportation
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Freight Transportation Arrangement
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General Freight Trucking
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Inland Water Transportation
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Interurban and Rural Bus Transportation
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Local Messengers and Local Delivery
View more , Nonscheduled Air Transportation , Other Pipeline Transportation , Other Support Activities for Transportation , Other Transit and Ground Passenger Transportation , Pipeline Transportation of Crude Oil , Postal Service , Rail Transportation , Scenic and Sightseeing Transportation, Land , Scenic and Sightseeing Transportation, Other , Scenic and Sightseeing Transportation, Water , Scheduled Air Transportation , School and Employee Bus Transportation , Specialized Freight Trucking , Support Activities for Air Transportation , Support Activities for Rail Transportation , Support Activities for Road Transportation , Support Activities for Water Transportation , Taxi and Limousine Service , Urban Transit Systems Warehousing and Storage
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View more , Nonscheduled Air Transportation , Other Pipeline Transportation , Other Support Activities for Transportation , Other Transit and Ground Passenger Transportation , Pipeline Transportation of Crude Oil , Postal Service , Rail Transportation , Scenic and Sightseeing Transportation, Land , Scenic and Sightseeing Transportation, Other , Scenic and Sightseeing Transportation, Water , Scheduled Air Transportation , School and Employee Bus Transportation , Specialized Freight Trucking , Support Activities for Air Transportation , Support Activities for Rail Transportation , Support Activities for Road Transportation , Support Activities for Water Transportation , Taxi and Limousine Service , Urban Transit Systems Warehousing and Storage
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Modelled
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Actual
$16.38 billion
Actual
2%
-2.52%
$22,734
DEC
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NYSE:TRGP
Contacts
Get in Touch with 7 Principals* and 1,084 Contacts
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Matthew J MeloyChief Executive Officer
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Financial Statements
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Financial data as of December 31, 2024 (12 month period) in USD
Annual Revenue 2024
$16.38 billion
USD
Actual
All financial statement data is in millions except per share data | Source: Morningstar
| Cash Flow (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Net Operating Cash | $3,650 | $3,212 | $2,381 |
| Net Investing Cash | -$3,021 | -$2,401 | -$4,150 |
| Net Financing Cash | -$613 | -$888 | $1,829 |
| Net Change in Cash | $16 | -$77 | $60 |
| Cash at Beginning of Period | $142 | $219 | $158 |
| Cash at End of Period | $157 | $142 | $219 |
| Capital Expenditure | -$2,966 | -$2,385 | -$1,334 |
| Assets (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Current Assets | |||
| Cash and Cash Equivalents | $157 | $142 | $219 |
| Accounts Receivable | $1,618 | $1,471 | $1,408 |
| Inventories | $334 | $372 | $394 |
| Other Current Assets | $186 | $210 | $335 |
| Asset Summary | |||
| Total Current Assets | $2,296 | $2,195 | $2,357 |
| Tangible Fixed Assets | $18,063 | $15,806 | $14,215 |
| Intangible Assets | $ | $ | $ |
| Total Assets | $22,734 | $20,672 | $19,560 |
| Liabilities (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Current Liabilities | |||
| Accounts Payable | $2,012 | $1,575 | $1,449 |
| Short-Term Debt | $330 | $575 | $800 |
| Other Current Liabilities | $830 | $611 | $818 |
| Liability Summary | |||
| Total Current Liabilities | $3,173 | $2,761 | $3,067 |
| Long-Term Debt | $13,546 | $12,089 | $10,509 |
| Other Long-Term Liabilities | $4 | $7 | $16 |
| Total Liabilities | $18,316 | $16,062 | $14,578 |
| Stakeholder's Equity (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Equity | |||
| Common Stock | $0 | $0 | $0 |
| Retained Earnings | $1,190 | $492 | -$627 |
| Equity Summary | |||
| Total Equity | $2,592 | $2,740 | $2,666 |
| Shares Outstanding | 217,763,821 | 222,611,259 | 226,042,229 |