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Targa Resources TRGP Equity in earnings (losses) of equity method investees

Equity in earnings (losses) of equity method investees at other companies

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OneokOKE
$89M-17.6%
Enterprise Products Partners logo
Enterprise Products PartnersEPD
$76M-19.1%
Energy Transfer logo
Energy TransferET
$110M+19.6%
MPLX logo
MPLXMPLX
$182M-2.2%
Kinder Morgan logo
Kinder MorganKMI
Kinetik Holdings logo
Kinetik HoldingsKNTK

Other financials

Income statement

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Revenue$4.1B-10.2%
Gross profit$1.7B+30.4%
Operating income$846.9M+55.9%
Net income$479.6M+77.3%
EPS (diluted)$2.21+143%

Balance sheet

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Cash & equivalents$100.1M-33.9%
Total debt$346.5M+17.0%
Total equity$3.1B+27.9%
Total assets$27.1B+18.9%

Cash flow

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Operating cash flow$739.5M-22.5%
CapEx$899.5M+13.5%
Free cash flow-$160.0M-199%

Valuation

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Market cap$58.6B+56.6%
Enterprise value$58.85B+56.5%
P/E27.5×+4.6×
P/S3.5×+1.3×

Profitability

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Gross margin41.8%+7.3pp
Operating margin21.9%+6.1pp
Net margin12.9%+4.9pp
FCF margin4.8%-3.1pp

Returns & leverage

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Return on equity76.3%+25.6pp
Debt / equity0.1×0.0×
Current ratio0.7×+0.1×

Where this comes from

Reported directly by Targa Resources in its filing.

Tagged under the XBRL concept us-gaap:IncomeLossFromEquityMethodInvestments.

The official record: Targa Resources’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Targa Resources's equity in earnings (losses) of equity method investees?
Targa Resources (TRGP) reported equity in earnings (losses) of equity method investees of $8.6M in Q1 2026.
How has Targa Resources's equity in earnings (losses) of equity method investees changed year-over-year?
Targa Resources's equity in earnings (losses) of equity method investees increased by 56.4% year-over-year, from $5.5M to $8.6M.
What is the long-term trend for Targa Resources's equity in earnings (losses) of equity method investees?
Over 3 years (2021 to 2024), Targa Resources's equity in earnings (losses) of equity method investees has grown at a -26.7% compound annual growth rate (CAGR), from -$23.9M to $9.4M.
What does equity in earnings (losses) of equity method investees mean?
This represents the company's share of the net income or loss from entities in which it holds a significant influence but not full control. It is a non-cash adjustment because the company's share of earnings is recorded regardless of whether cash dividends were received. It reflects the performance of joint ventures and strategic partnerships.