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Targa Resources TRGP Equity method investments (Note 11)

Equity method investments (Note 11) at other companies

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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$57.55B+45.7%
Enterprise value$57.8B+45.6%
P/E27×+2.9×
P/S3.5×+1.2×

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:EquityMethodInvestments.

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 method investments (note 11)?
Targa Resources (TRGP) reported equity method investments (note 11) of $315M in Q1 2026.
How has Targa Resources's equity method investments (note 11) changed year-over-year?
Targa Resources's equity method investments (note 11) increased by 44.8% year-over-year, from $217.6M to $315M.
What is the long-term trend for Targa Resources's equity method investments (note 11)?
Over 5 years (2020 to 2025), Targa Resources's equity method investments (note 11) has grown at a -15.5% compound annual growth rate (CAGR), from $714M to $307.1M.
What does equity method investments (note 11) mean?
This represents the company's investment in entities where it exercises significant influence but does not have full control, typically joint ventures or partnerships. These investments allow the company to participate in large-scale infrastructure projects while sharing risk and capital requirements. It reflects the company's strategic partnerships and collaborative growth initiatives.