Cash & Equivalents
Targa Resources Cash & Equivalents decreased by 39.7% to $100.10M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 33.9%, from $151.40M to $100.10M. Over 5 years (FY 2020 to FY 2025), Cash & Equivalents shows a downward trend with a -7.3% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
An increase signals improved liquidity and financial flexibility, while a decrease may indicate heavy capital expenditure, debt repayment, or aggressive share buybacks.
Detailed definition
Represents the most liquid assets on the balance sheet, including physical currency and short-term investments with matu...
Peer comparison
Large-cap technology peers often maintain high cash balances to fund rapid innovation and offset the cyclical nature of consumer electronics.
cash_and_equivalentsHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $209.00M | $228.60M | $158.50M | $135.90M | $154.00M | $192.90M | $219.00M | $211.80M | $169.40M | $139.50M | $141.70M | $109.90M | $166.40M | $127.20M | $157.30M | $151.40M | $113.10M | $124.10M | $166.10M | $100.10M |
| QoQ Change | — | +9.4% | -30.7% | -14.3% | +13.3% | +25.3% | +13.5% | -3.3% | -20.0% | -17.7% | +1.6% | -22.4% | +51.4% | -23.6% | +23.7% | -3.8% | -25.3% | +9.7% | +33.8% | -39.7% |
| YoY Change | — | — | — | — | -26.3% | -15.6% | +38.2% | +55.8% | +10.0% | -27.7% | -35.3% | -48.1% | -1.8% | -8.8% | +11.0% | +37.8% | -32.0% | -2.4% | +5.6% | -33.9% |
Cash & Equivalents at Other Companies
Frequently Asked Questions
- What is Targa Resources's cash & equivalents?
- Targa Resources (TRGP) reported cash & equivalents of $100.10M in Q1 2026.
- How has Targa Resources's cash & equivalents changed year-over-year?
- Targa Resources's cash & equivalents decreased by 33.9% year-over-year, from $151.40M to $100.10M.
- What is the long-term trend for Targa Resources's cash & equivalents?
- Over 5 years (2020 to 2025), Targa Resources's cash & equivalents has grown at a -7.3% compound annual growth rate (CAGR), from $242.80M to $166.10M.
- What does cash & equivalents mean?
- Money in the bank and very short-term investments that can be turned into cash almost instantly.