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Targa Resources TRGP Non-Controlling Interests

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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:MinorityInterest.

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
Additional paid-in capital3,129.33,088.1
Retained earnings (deficit)3,050.72,294.4
Accumulated other comprehensive income (loss)74.5113.8
Treasury stock, at cost (28,824,459 shares and 28,108,057 shares as of June 30, 2026 and December 31, 2025)(2,598.2)(2,428.6)
Total Targa Resources Corp. stockholders’ equity3,656.53,067.9
Noncontrolling interests139.2130.3
Total owners’ equity3,795.73,198.2
Total liabilities and owners’ equity$28,515.1$25,218.4

Item 1. Financial Statements.

FAQ

What is Targa Resources's non-controlling interests?
Targa Resources (TRGP) reported non-controlling interests of $139.2M in Q2 2026.
What does non-controlling interests mean?
Equity attributable to minority shareholders in subsidiaries not fully owned by the parent — their proportional claim on subsidiary net assets.

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