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Targa Resources Balance Sheet Statement

Assets, liabilities, and shareholders' equity

Targa Resources holds $27.1B in total assets. Shareholders' equity is $3.1B against $346.5M in total debt. Cash and equivalents total $100.1M. The current ratio is 0.718 and debt-to-equity is 0.111. Based on the Q1 2026 filing.

Total Assets$27.1BTotal Stockholders Equity$3.1BCash And Equivalents$100.1MTotal Current Assets$2.4BTotal Current Liabilities$3.4B
Latest FilingQ1 2026
Report Date2026-05-07
Market Cap$57.8B
P/E Ratio27.12
ROE76.31%

Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accounts payable$2B$1.9B$1.7B$1.6B$1.9B$2B
Accrued interest$269.1M$121.5M$313.2M$152.2M$311M$149.8M
Other Commercial Liabilities$336M$163.7M$214M$281.1M$358.6M$193.2M
Accrued Liabilities, Current$336M$163.7M$214M$281.1M$358.6M$193.2M
Debt Current Net Of Issuance Cost$387.7M$660.4M$768.2M$689.3M$770.1M$696.9M
Derivative Liability Before Effects Of Master Netting Arrangements Current$167.3M$362.7M$154.6M$240.2M$234.1M$368.1M
Finance Lease Liability, Current$57.7M$60.4M$64.9M$89.3M$93.1M$96.9M
Total current liabilities$3.2B$3.2B$3.2B$2.9B$3.5B$3.4B

Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accounts receivable, net$1.6B$1.4B$1.4B$1.4B$1.5B$1.7B
Cash and cash equivalents$157.3M$151.4M$113.1M$124.1M$166.1M$100.1M
Derivative Asset Before Effects Of Master Netting Arrangements Current$61.8M$74.2M$78.3M$99.8M$154.7M$100.6M
Other current assets$124.6M$191.1M$163.7M$157.3M$138M$211.4M
Inventories$334.3M$256.2M$443.5M$490.7M$429.3M$334.4M
Total current assets$2.3B$2.1B$2.2B$2.3B$2.4B$2.4B

Equity

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Additional paid-in capital$3.1B$3B$3.1B$3.1B$3.1B$3.1B
Accumulated other comprehensive income (loss)$27.5M$6.1M$43.2M$57.4M$113.8M-$14.7M
Common stock$200K$200K$200K$200K$200K$200K
Treasury Stock, Value$1.7B$1.9B$2.2B$2.4B$2.4B$2.5B
Retained earnings$1.2B$1.3B$1.7B$2B$2.3B$2.6B
Total liabilities and stockholders' equity$22.7B$22.8B$23.5B$24.2B$25.2B$27.1B
Total stockholders' equity$2.6B$2.5B$2.6B$2.7B$3.1B$3.1B

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Commitments and contingencies$0$0$0$0$0$0
Deferred income taxes$872.1M$902.2M$1.1B$1.2B$1.4B$1.5B
Derivative Liability Before Effects Of Master Netting Arrangements Noncurrent$92M$194.4M$72.7M$34.2M$22.5M$112.8M
Equity method investments (Note 11)$193.3M$217.6M$268.6M$315.9M$307.1M$315M
Current maturities of long-term debt$57.7M$60.4M$64.9M$89.3M$93.1M$96.9M
Long-Term Debt and Lease Obligation$13.8B$15.5B$16.1B$16.7B$16.7B$18.4B
Noncontrolling interests in subsidiaries$1.8B$121.2M$123.3M$127M$130.3M$132.5M

Non-Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Deferred Tax Assets and Other Non-Current Assets$179.1M$170.3M$176.1M$203.1M$327.4M$343.5M
Derivative Asset Before Effects Of Master Netting Arrangements Noncurrent$25.3M$34.7M$26.2M$33.2M$35M$38.5M
Intangible assets — net$2B$1.9B$1.8B$1.7B$1.7B$2.2B
Other non-current assets$179.1M$170.3M$176.1M$203.1M$327.4M$343.5M
Property and equipment, net$18.1B$18.4B$19B$19.6B$20.5B$21.8B
Software and Technology Licenses, Net$179.1M$170.3M$176.1M$203.1M$327.4M$343.5M
Total assets$22.7B$22.8B$23.5B$24.2B$25.2B$27.1B

Non-Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Finance lease liabilities$240.4M$235.8M$239.6M$267.7M$260.4M$249.6M
Long-Term Debt and Finance Lease Obligations$13.8B$15.5B$16.1B$16.7B$16.7B$18.4B
Other non-current liabilities$392.3M$384.6M$390.3M$391.6M$395M$415.5M