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Targa Resources TRGP Accrued Expenses

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Other financials

Income statement

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Revenue$4.4B+4.2%
Gross profit$2.1B+17.2%
Operating income$1.2B+19.4%
Net income$764.6M+21.5%
EPS (diluted)$3.54+23.3%

Balance sheet

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Cash & equivalents$132.3M+17.0%
Total debt$19.8B+6,407%
Total equity$3.7B+41.3%
Total assets$28.5B+21.3%

Cash flow

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Operating cash flow$1.4B+67.9%
CapEx$1.0B+11.5%
Free cash flow$431.2M

Valuation

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Market cap$57.57B+62.8%
Enterprise value$77.26B+117%
P/E25.4×+3.8×
P/S3.4×+1.4×

Profitability

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Gross margin43.2%+7.5pp
Operating margin22.9%+5.3pp
Net margin13.5%+4.0pp
FCF margin4.8%-3.1pp

Returns & leverage

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Return on equity72.6%+7.8pp
Debt / equity5.4×+5.3×
Current ratio0.8×+0.1×

Where this comes from

Reported directly by Targa Resources in its filing.

Tagged under the XBRL concept us-gaap:AccruedLiabilitiesCurrent.

The source filing: Targa Resources’s 10-Q, filed August 6, 2026.

Filed
Aug 6, 2026, 2:56 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001193125-26-337729
Line itemJune 30, 2026December 31, 2025
LIABILITIES AND OWNERS’ EQUITY
Current liabilities:
Accounts payable$2,108.4$1,873.0
Accrued liabilities288.1358.6
Interest payable343.4311.0
Liabilities from risk management activities113.2234.1
Current debt obligations558.0770.1
Total current liabilities3,411.13,546.8

Item 1. Financial Statements.

FAQ

What is Targa Resources's accrued expenses?
Targa Resources (TRGP) reported accrued expenses of $288.1M in Q2 2026.
What does accrued expenses mean?
Expenses incurred but not yet paid or invoiced — interest accruals, tax accruals, warranty reserves, and other timing differences.

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