Targa Resources Corp Dossier
Financial Snapshot
Revenue, profitability, returns, debt, and capital allocation
Revenue $16.7B+23.8% YoYTTM through 30 Jun 2026
Net Income $2.3B+72.8% YoYTTM through 30 Jun 2026
Free Cash Flow $740.9MTTM through 30 Jun 2026
Margins
| Current | |
|---|---|
| EBITDA Margin | 32.8% |
| Operating Margin | 22.9% |
| Net Margin | 13.5% |
Returns
62.0%ROE
8.0%ROA
9.8%ROIC
Balance Sheet Health
Debt / Equity5.35x
Current Ratio0.77x
Net Debt$19.4B
Cash & Equivalents$132.3M
Quality Metrics
Altman Z-Score2.61
Piotroski F-Score8 / 9
FCF Margin4.4%
Rule of 4017.7
Earnings-Beat Rate100.0%
Multi-Year Trend
RevenueFY2025: $17B
Diluted EPS$10.46TTMFY2025: $8.87
Dividend
$2.25Per share, FY20260.80%Yield+41.3%5-yr growth
Capital Allocation
Capex Intensity21.2%
Segment Performance
| Segment | Revenue | YoY | Outlook |
|---|---|---|---|
| Gathering and Processing | $7.4B | View detailsExpects to continue to benefit from meaningful growth across its Permian footprint, with new plants (East Pembrook, Falcon II, East Driver, Copperhead, Yeti, and Yeti II) expected to begin operations between 2026 and 2027. | |
| Logistics and Transportation | View detailsExpects record NGL pipeline transportation, fractionation, and LPG export volumes in 2026 relative to the records set in 2025. |
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