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Targa Resources TRGP Other income, net (Note 6)

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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$57.57B+62.8%
Enterprise value$77.26B+117%
P/E25.4×+3.8×
P/S3.4×+1.4×

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:OtherNonoperatingIncomeExpense.

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 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)
Net income (loss)777.7637.21,265.1917.0
Less: Net income (loss) attributable to noncontrolling interests13.18.120.917.4

Item 1. Financial Statements.

FAQ

What is Targa Resources's other income, net (note 6)?
Targa Resources (TRGP) reported other income, net (note 6) of -$800K in Q2 2026.
How has Targa Resources's other income, net (note 6) changed year-over-year?
Targa Resources's other income, net (note 6) decreased by 180.0% year-over-year, from $1M to -$800K.
What is the long-term trend for Targa Resources's other income, net (note 6)?
Over 4 years (2021 to 2025), Targa Resources's other income, net (note 6) has grown at a 58.6% compound annual growth rate (CAGR), from $600K to -$3.8M.
What does other income, net (note 6) mean?
This captures miscellaneous financial items that fall outside the scope of core operating activities, such as foreign exchange gains or losses, minor investment income, or non-recurring legal settlements. It serves as a catch-all for peripheral financial events that do not stem from the primary business operations. Investors monitor this to isolate core earnings from transient or incidental financial fluctuations.

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