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Targa Resources TRGP Interest Expense

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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$55.83B+57.8%
Enterprise value$75.51B+112%
P/E24.6×+3.0×
P/S3.3×+1.3×

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:InterestIncomeExpenseNonoperatingNet.

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 itemThree Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Other operating (income) expense(11.7)(1.8)(25.9)(7.1)
Income (loss) from operations1,234.51,033.62,081.41,576.9
Other income (expense):
Interest expense, net(236.6)(218.4)(464.2)(415.5)
Equity earnings (loss)7.85.116.410.6
Other, net(0.8)1.0(17.4)1.3
Income (loss) before income taxes1,004.9821.31,616.21,173.3
Income tax (expense) benefit(227.2)(184.1)(351.1)(256.3)

Item 1. Financial Statements.

FAQ

What is Targa Resources's interest expense?
Targa Resources (TRGP) reported interest expense of -$236.6M in Q2 2026.
What does interest expense mean?
Cost of borrowing — interest paid or accrued on bonds, bank loans, credit facilities, finance leases, and other debt obligations.

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