Targa Resources Corp. (TRGP) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 10, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 6, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the TRGP SEC filings page.
Targa Resources Corp. (TRGP) reported $16.7B in revenue over the twelve months to Jun 30, 2026, down 2.0% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Profitability is improving faster than sales, but heavy reinvestment and rising leverage leave less accounting earnings becoming free cash.
Since FY2023, revenue has remained broadly steady while operating margin widened to19.6% , indicating that earnings improvement came mainly from a more favorable cost or business mix rather than simply selling more. By FY2025, operating cash flow reached$3.9B while free-cash-flow margin narrowed to3.4% ; rising capital spending means the accounting improvement is not translating proportionally into cash left after reinvestment.
The balance sheet is becoming more debt-dependent: debt-to-equity reached 5.4x in FY2025, while the current ratio fell to 0.7x. That pairing means additional asset growth is occurring alongside less short-term asset coverage for obligations, not through a progressively more liquid structure.
Net income reached
Financial Health Signals
Scored against energy companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Targa Resources Corp.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Targa Resources Corp. has an operating margin of 19.6%, meaning the company retains $20 of operating profit per $100 of revenue. This results in a moderate score of 62/100, indicating healthy but not exceptional operating efficiency. This is up from 16.4% the prior year.
Targa Resources Corp.'s revenue grew a modest 3.9% year-over-year to $17.0B. This slow but positive growth earns a score of 52/100.
Targa Resources Corp. has elevated debt relative to equity (D/E of 5.43), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 19/100, reflecting increased financial risk.
Targa Resources Corp.'s current ratio of 0.67 is below the typical benchmark, resulting in a score of 13/100. This tight liquidity could limit financial flexibility if cash inflows slow.
Targa Resources Corp. has a free cash flow margin of 3.4%, earning a moderate score of 40/100. The company generates positive cash flow after capital investments, but with room for improvement.
Targa Resources Corp. earns a strong 62.7% return on equity (ROE), meaning it generates $63 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 86/100. This is up from 50.6% the prior year.
Targa Resources Corp. scores 2.85, placing it in the grey zone between 1.81 and 2.99. The score is driven primarily by a large market capitalization ($61.5B) relative to total liabilities ($22.2B). This signals moderate financial risk that warrants monitoring.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Targa Resources Corp. passes 6 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Targa Resources Corp. generates $2.04 in operating cash flow ($3.9B OCF vs $1.9B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Targa Resources Corp. earns $3.91 in operating income for every $1 of interest expense ($3.3B vs $852.8M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.
Key Financial Metrics
Earnings & Revenue
Targa Resources Corp. generated $4.4B in revenue in Q2 2026. This represents an increase of 4.2% from the same quarter a year earlier. Against the prior quarter it is up 8.4%.
Targa Resources Corp.'s EBITDA was $1.7B in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 19.9% from the same quarter a year earlier. Against the prior quarter it is up 32.6%.
Targa Resources Corp. reported $764.6M in net income in Q2 2026. This represents an increase of 21.5% from the same quarter a year earlier. Against the prior quarter it is up 59.4%.
Targa Resources Corp. earned $3.54 per diluted share (EPS) in Q2 2026. This represents an increase of 23.3% from the same quarter a year earlier. Against the prior quarter it is up 60.2%.
Cash & Balance Sheet
Targa Resources Corp. generated $431.2M in free cash flow in Q2 2026, representing cash available after capex. This represents an increase of 1002.1% from the same quarter a year earlier. Against the prior quarter it is up 369.5%.
Targa Resources Corp. held $132.3M in cash against $19.0B in long-term debt as of Q2 2026.
Targa Resources Corp. paid $1.25 per share in dividends in Q2 2026. This represents an increase of 25.0% from the same quarter a year earlier. Against the prior quarter it is up 25.0%.
Margins & Returns
Targa Resources Corp.'s gross margin was 48.1% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is up 5.3 percentage points from the same quarter a year earlier. Against the prior quarter it is up 6.6 percentage points.
Targa Resources Corp.'s operating margin was 27.8% in Q2 2026, reflecting core business profitability. This is up 3.5 percentage points from the same quarter a year earlier. Against the prior quarter it is up 7.1 percentage points.
Targa Resources Corp.'s net profit margin was 17.2% in Q2 2026, showing the share of revenue converted to profit. This is up 2.4 percentage points from the same quarter a year earlier. Against the prior quarter it is up 5.5 percentage points.
Targa Resources Corp.'s ROE was 20.9% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is down 3.4 percentage points from the same quarter a year earlier. Against the prior quarter it is up 5.6 percentage points.
Capital Allocation
Targa Resources Corp. spent $80.1M on share buybacks in Q2 2026, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 75.3% from the same quarter a year earlier. Against the prior quarter it is up 45.6%.
Targa Resources Corp. invested $1.0B in capex in Q2 2026, funding long-term assets and infrastructure. This represents an increase of 11.5% from the same quarter a year earlier. Against the prior quarter it is up 12.3%.
Not reported for Q2 2026.
TRGP Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $4.4B+4.2% | $4.1B-10.2% | $4.1B-7.9% | $4.2B+7.8% | $4.3B+19.6% | $4.6B0.0% | $4.4B+3.9% | $3.9B-1.1% |
| Cost of Revenue | $2.3B-5.5% | $2.4B-26.5% | $2.3B-21.0% | $2.5B+6.0% | $2.4B+10.9% | $3.3B+1.2% | $2.9B+0.8% | $2.4B-12.1% |
| Gross Profit | $2.1B+17.2% | $1.7B+30.4% | $1.7B+17.9% | $1.6B+10.6% | $1.8B+33.7% | $1.3B-3.0% | $1.5B+10.6% | $1.5B+23.2% |
| SG&A Expenses | $108.1M+13.8% | $107.8M+14.1% | $111.7M+14.6% | $104.8M+2.1% | $95.0M-3.4% | $94.5M+9.2% | $97.5M+2.3% | $102.6M+14.0% |
| Operating Income | $1.2B+19.4% | $846.9M+55.9% | $917.4M+30.9% | $836.9M+14.9% | $1.0B+64.8% | $543.3M-15.0% | $700.6M+10.3% | $728.2M+44.2% |
| EBITDA | $1.7B+19.9% | $1.3B+39.7% | $1.3B+21.2% | $1.2B+12.6% | $1.4B+44.2% | $910.9M-7.0% | $1.1B+10.5% | $1.1B+29.6% |
| Interest Expense | $236.6M+8.3% | $227.6M+15.5% | $216.0M+21.6% | $221.3M+19.7% | $218.4M+24.1% | $197.1M-13.8% | $177.7M-0.2% | $184.9M+5.6% |
| Income Tax | $227.2M+23.4% | $123.9M+71.6% | $139.1M+25.9% | $134.3M+38.5% | $184.1M+95.2% | $72.2M-12.7% | $110.5M+7.7% | $97.0M+80.0% |
| Net Income | $764.6M+21.5% | $479.6M+77.3% | $545.0M+55.3% | $478.4M+23.5% | $629.1M+110.8% | $270.5M-1.7% | $350.9M+17.1% | $387.4M+76.1% |
| EPS (Basic) | $3.54+22.9% | $2.22+144.0% | $2.52+73.8% | $2.21+25.6% | $2.88+114.9% | $0.91-26.0% | $1.45+16.0% | $1.76+81.4% |
| EPS (Diluted) | $3.54+23.3% | $2.21+142.9% | $2.51+74.3% | $2.20+25.7% | $2.87+115.8% | $0.91-25.4% | $1.44+17.1% | $1.75+80.4% |
| Diluted Shares (Avg) | 215M-1.0% | 216M-1.5% | N/A | 216M-1.8% | 217M-2.1% | 219M-2.2% | N/A | 220M-2.3% |
Not reported in any period shown, so not listed: R&D Expenses.
TRGP Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $28.5B+21.3% | $27.1B+18.9% | $25.2B+10.9% | $24.2B+10.4% | $23.5B+10.6% | $22.8B+9.4% | $22.7B+10.0% | $21.9B+8.5% |
| Current Assets | $2.6B+19.1% | $2.4B+17.4% | $2.4B+2.9% | $2.3B+12.4% | $2.2B+18.2% | $2.1B+5.2% | $2.3B+4.6% | $2.0B-5.2% |
| Cash & Equivalents | $132.3M+17.0% | $100.1M-33.9% | $166.1M+5.6% | $124.1M-2.4% | $113.1M-32.0% | $151.4M+37.8% | $157.3M+11.0% | $127.2M-8.8% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $311.7M-29.7% | $334.4M+30.5% | $429.3M+28.4% | $490.7M+18.3% | $443.5M+38.3% | $256.2M+14.1% | $334.3M-10.0% | $414.9M-22.6% |
| Accounts Receivable | $2.0B+38.6% | $1.7B+20.6% | $1.5B-8.9% | $1.4B+8.2% | $1.4B+15.8% | $1.4B-5.4% | $1.6B+10.0% | $1.3B+4.8% |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $118.9M+163.1% | $118.9M+163.1% | $112.3M+148.5% | $45.2M0.0% | $45.2M0.0% | $45.2M0.0% | $45.2M0.0% | $45.2M |
| Total Liabilities | $24.9B+18.8% | $24.0B+17.8% | $22.2B+10.0% | $21.5B+11.1% | $20.9B+11.3% | $20.3B+12.2% | $20.1B+12.3% | $19.3B+9.3% |
| Current Liabilities | $3.4B+7.4% | $3.4B+6.2% | $3.5B+11.8% | $2.9B+12.2% | $3.2B+9.9% | $3.2B+13.6% | $3.2B+14.9% | $2.6B-2.0% |
| Non-Current Liabilities | $21.4B+20.8% | $20.6B+20.0% | $18.6B+9.6% | $18.5B+10.9% | $17.7B+11.6% | $17.2B+11.9% | $17.0B+11.9% | $16.7B+11.3% |
| Long-Term Debt | $19.0B+18.3% | $18.4B+18.6% | $16.7B+20.9% | $16.7B+23.1% | $16.1B+24.0% | $15.5B+24.3% | $13.8B+11.8% | $13.6B+10.4% |
| Total Equity | $3.7B+41.3% | $3.1B+27.9% | $3.1B+18.3% | $2.7B+5.2% | $2.6B+4.9% | $2.5B-9.3% | $2.6B-5.4% | $2.6B+2.7% |
| Retained Earnings | $3.1B+78.9% | $2.6B+97.4% | $2.3B+92.8% | $2.0B+95.7% | $1.7B+117.6% | $1.3B+98.0% | $1.2B+141.9% | $1.0B+228.9% |
TRGP Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $1.4B+67.9% | $739.5M-22.5% | $1.5B+13.4% | $599.2M+10.8% | $858.3M-5.1% | $954.4M+8.9% | $1.3B+38.7% | $540.9M+32.8% |
| Depreciation & Amortization | $453.1M+21.2% | $426.0M+15.9% | $390.5M+3.2% | $383.5M+7.9% | $373.7M+7.2% | $367.6M+8.0% | $378.5M+10.9% | $355.4M+7.3% |
| Stock-Based Compensation | N/A | $23.2M+31.8% | N/A | N/A | N/A | $17.6M+20.5% | N/A | N/A |
| Capital Expenditures | $1.0B+11.5% | $899.5M+13.5% | $963.2M+32.5% | $671.8M-18.9% | $906.1M+22.4% | $792.2M+18.3% | $726.9M+1.0% | $828.8M+40.1% |
| Free Cash Flow | $431.2M+1002.1% | -$160.0M-198.6% | $542.3M-9.8% | -$72.6M+74.8% | -$47.8M-129.1% | $162.2M-21.5% | $601.0M+152.8% | -$287.9M-56.1% |
| Investing Cash Flow | -$1.0B-5.9% | -$2.2B-165.7% | -$1.2B-58.2% | -$691.1M+18.4% | -$956.8M-27.6% | -$813.3M-20.0% | -$746.3M-2.7% | -$847.3M-41.4% |
| Financing Cash Flow | -$395.6M-757.1% | $1.4B+1022.0% | -$282.7M+48.7% | $102.9M-61.5% | $60.2M+161.3% | -$147.0M+36.2% | -$551.5M-141.4% | $267.2M+64.9% |
| Share Buybacks | $80.1M-75.3% | $55.0M-56.0% | $37.0M-65.7% | $155.6M-7.3% | $324.3M-8.7% | $124.9M+1.0% | $108.0M+629.7% | $167.9M+9.3% |
Not reported in any period shown, so not listed: Dividends Paid.
TRGP Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 48.1%+5.3pp | 41.5%+12.9pp | 43.1%+9.4pp | 39.6%+1.0pp | 42.8%+4.5pp | 28.6%-0.9pp | 33.7%+2.0pp | 38.6%+7.6pp |
| Operating Margin | 27.8%+3.5pp | 20.7%+8.8pp | 22.6%+6.7pp | 20.2%+1.3pp | 24.3%+6.7pp | 11.9%-2.1pp | 15.9%+0.9pp | 18.9%+5.9pp |
| Net Margin | 17.2%+2.4pp | 11.7%+5.8pp | 13.4%+5.5pp | 11.5%+1.5pp | 14.8%+6.4pp | 5.9%-0.1pp | 8.0%+0.9pp | 10.1%+4.4pp |
| Return on Equity | 20.9%-3.4pp | 15.3%+4.3pp | 17.8%+4.2pp | 17.7%+2.6pp | 24.3%+12.2pp | 11.0%+0.8pp | 13.5%+2.6pp | 15.0%+6.3pp |
| Return on Assets | 2.7%0.0pp | 1.8%+0.6pp | 2.2%+0.6pp | 2.0%+0.2pp | 2.7%+1.3pp | 1.2%-0.1pp | 1.5%+0.1pp | 1.8%+0.7pp |
| Current Ratio | 0.77+0.1x | 0.72+0.1x | 0.67-0.1x | 0.770.0x | 0.690.0x | 0.65-0.1x | 0.72-0.1x | 0.770.0x |
| Debt-to-Equity | 5.20-1.0x | 5.88-0.5x | 5.43+0.1x | 6.19+0.9x | 6.21+1.0x | 6.34+1.7x | 5.32+0.8x | 5.28+0.4x |
| Asset Turnover | 0.160.0x | 0.150.0x | 0.160.0x | 0.170.0x | 0.180.0x | 0.200.0x | 0.190.0x | 0.180.0x |
| FCF Margin | 9.7%+10.8pp | -3.9%-7.5pp | 13.4%-0.3pp | -1.8%+5.7pp | -1.1%-5.7pp | 3.6%-1.0pp | 13.6%+8.0pp | -7.5%-2.7pp |
Note: The current ratio is below 1.0 (0.67), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Targa Resources Corp. TRGP | FY2025 | $17.0B | $1.9B | 11.3% | $61.5B | 45/100 |
| Oneok, Inc. OKE | FY2025 | $33.6B | $3.4B | 10.1% | $56.6B | 56/100 |
| Venture Global, Inc. VG | FY2025 | $13.8B | $2.7B | 19.9% | $32.9B | 47/100 |
| Cheniere Energy Inc LNG | FY2025 | $20.0B | $6.8B | 34.0% | $57.5B | 58/100 |
Where Targa Resources Corp. Ranks
Frequently Asked Questions
What is Targa Resources Corp.'s annual revenue?
Targa Resources Corp. (TRGP) reported $17.0B in total revenue for fiscal year 2025. This represents a 3.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Targa Resources Corp.'s revenue growing?
Targa Resources Corp. (TRGP) revenue grew by 3.9% year-over-year, from $16.4B to $17.0B in fiscal year 2025.
Is Targa Resources Corp. profitable?
Yes, Targa Resources Corp. (TRGP) reported a net income of $1.9B in fiscal year 2025, with a net profit margin of 11.3%.
What is Targa Resources Corp.'s EBITDA?
Targa Resources Corp. (TRGP) had EBITDA of $4.8B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Targa Resources Corp. have?
As of fiscal year 2025, Targa Resources Corp. (TRGP) had $166.1M in cash and equivalents against $16.7B in long-term debt.
What is Targa Resources Corp.'s gross margin?
Targa Resources Corp. (TRGP) had a gross margin of 38.3% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Targa Resources Corp.'s operating margin?
Targa Resources Corp. (TRGP) had an operating margin of 19.6% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Targa Resources Corp.'s net profit margin?
Targa Resources Corp. (TRGP) had a net profit margin of 11.3% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does Targa Resources Corp. pay dividends?
Yes, Targa Resources Corp. (TRGP) paid $3.75 per share in dividends during fiscal year 2025.
What is Targa Resources Corp.'s return on equity (ROE)?
Targa Resources Corp. (TRGP) has a return on equity of 62.7% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Targa Resources Corp.'s free cash flow?
Targa Resources Corp. (TRGP) generated $584.1M in free cash flow during fiscal year 2025. This represents a -14.6% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Targa Resources Corp.'s operating cash flow?
Targa Resources Corp. (TRGP) generated $3.9B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Targa Resources Corp.'s total assets?
Targa Resources Corp. (TRGP) had $25.2B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Targa Resources Corp.'s capital expenditures?
Targa Resources Corp. (TRGP) invested $3.3B in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Targa Resources Corp.'s current ratio?
Targa Resources Corp. (TRGP) had a current ratio of 0.67 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is Targa Resources Corp.'s debt-to-equity ratio?
Targa Resources Corp. (TRGP) had a debt-to-equity ratio of 5.43 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Targa Resources Corp.'s return on assets (ROA)?
Targa Resources Corp. (TRGP) had a return on assets of 7.6% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Targa Resources Corp.'s P/E ratio?
Targa Resources Corp. (TRGP) trades at 27.1x earnings, its market capitalization divided by net income of $2.3B net income, trailing 12 months to June 30, 2026. The market capitalization is $61.5B as of Oct 10, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Targa Resources Corp.'s price-to-sales ratio?
Targa Resources Corp. (TRGP) trades at 3.7x sales, its market capitalization divided by revenue of $16.7B revenue, trailing 12 months to June 30, 2026. The market capitalization is $61.5B as of Oct 10, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Targa Resources Corp.'s Altman Z-Score?
Targa Resources Corp. (TRGP) has an Altman Z-Score of 2.85, placing it in the Grey Zone (moderate risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Targa Resources Corp.'s Piotroski F-Score?
Targa Resources Corp. (TRGP) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Targa Resources Corp.'s earnings high quality?
Targa Resources Corp. (TRGP) has an earnings quality ratio of 2.04x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Targa Resources Corp. cover its interest payments?
Targa Resources Corp. (TRGP) has an interest coverage ratio of 3.91x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Targa Resources Corp.?
Targa Resources Corp. (TRGP) scores 45 out of 100 on our Financial Health Score, indicating moderate standing within its energy companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.