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Targa Resources TRGP Return on equity

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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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Debt / equity5.4×+5.3×
Current ratio0.8×+0.1×

Where this comes from

Calculated from Targa Resources’s reported figures.

Based on trailing twelve months.

The source filing: Targa Resources’s 10-Q, filed August 6, 2026. Open the filing →

Filed
Aug 6, 2026, 2:56 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001193125-26-337729

FAQ

What is Targa Resources's return on equity?
Targa Resources (TRGP) reported return on equity of 72.6% in Q2 2026.
How has Targa Resources's return on equity changed year-over-year?
Targa Resources's return on equity increased by 12.1% year-over-year, from 64.8% to 72.6%.
What is the long-term trend for Targa Resources's return on equity?
Over 4 years (2020 to 2025), Targa Resources's return on equity has grown at a 12.8% compound annual growth rate (CAGR), from -41.9% to 67.9%.
What does return on equity mean?
Trailing-twelve-month net income divided by average shareholders' equity (average of the start and end of the trailing-twelve-month window). Measures the profit generated on each dollar of shareholder capital.

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