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Targa Resources TRGP Prepaid & Other Current

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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:OtherAssetsCurrent.

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
Trade receivables, net of allowances of $0.7 million and $0.7 million as of June 30, 2026 and December 31, 20251,952.11,474.6
Inventories311.7429.3
Assets from risk management activities75.5154.7
Other current assets157.5138.0
Total current assets2,629.12,362.7
Property, plant and equipment, net23,062.620,534.8
Intangible assets, net2,105.21,651.4
Long-term assets from risk management activities61.635.0

Item 1. Financial Statements.

FAQ

What is Targa Resources's prepaid & other current?
Targa Resources (TRGP) reported prepaid & other current of $157.5M in Q2 2026.
What does prepaid & other current mean?
Advance payments for expenses (rent, insurance, subscriptions) plus miscellaneous current assets not classified elsewhere.

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