Targa Resources Corp.TRGP

Market cap

$37B

P/E ratio

	Dec 31, 2012	Dec 31, 2013	Dec 31, 2014	Dec 31, 2015	Dec 31, 2016	Dec 31, 2017	Dec 31, 2018	Dec 31, 2019	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024
Cash and cash equivalents	76	67	81	140	74	137	232	331	243	159	219	142	157
Accounts Receivable, after Allowance for Credit Loss, Current	515	659	567	516	675	828	866	855	863	1,332	1,408	1,471	1,618
Inventories	99	151	169	141	138	205	165	162	182	153	394	372	334
Assets from risk management activities	-	-	44	92	17	38	115	103	86	43	180	112	62
Other current assets	13	19	21	31	36	63	41	70	88	83	156	99	125
Total current assets	733	897	883	920	1,007	1,270	1,419	1,658	1,460	1,770	2,357	2,195	2,296
Property, plant and equipment, net	3,538	4,350	4,825	9,703	9,691	10,430	12,928	14,549	12,174	11,668	14,215	15,806	18,063
Intangible assets, net	-	653	-	1,810	1,654	2,166	1,983	1,735	1,382	1,095	2,735	2,351	1,977
Long-term assets from risk management activities	-	-	16	35	5	23	34	36	49	8	25	33	25
Equity Method Investments	53	56	50	259	241	222	491	739	714	587	131	146	193
Other long-term assets	95	89	88	110	64	22	37	54	96	82	98	141	179
Total assets	5,105	6,049	6,454	13,254	12,871	14,389	16,938	18,815	15,876	15,208	19,560	20,672	22,734
Accounts payable	-	-	-	-	-	-	-	-	834	1,402	1,449	1,575	2,013
Accrued liabilities	-	-	-	-	-	-	-	-	186	272	273	282	336
Interest payable	-	-	-	-	-	-	-	-	133	139	174	230	269
Liabilities from risk management activities	-	-	5	5	49	80	34	104	143	258	320	54	167
Current debt obligations	-	-	-	-	-	350	1,028	382	369	163	834	621	388
Total current liabilities	687	770	827	882	1,168	1,617	2,799	1,873	1,779	2,299	3,067	2,761	3,173
Long-term debt	-	-	-	-	-	-	-	7,440	7,387	6,434	10,702	12,333	13,787
Long-term liabilities from risk management activities	-	-	-	2	26	20	3	41	43	109	140	17	92
Deferred income taxes, net	-	-	-	-	-	-	-	-	152	136	328	536	872
Other long-term liabilities	54	61	63	180	215	598	262	306	309	302	341	415	392
Commitments and Contingencies	-	-	-	-	-	-	-	-	-	-	-	-	-
Carrying value	-	-	-	-	191	217	246	279	301	750	-	-	-
Common Stock, Value, Outstanding	-	-	-	0	0	0	0	0	0	0	0	0	0
Preferred Stock, Value, Issued	-	-	-	-	-	-	-	-	-	-	-	-	-
Additional paid-in capital	184	152	165	1,457	5,506	6,303	6,155	5,221	4,840	4,269	3,702	3,059	3,089
Retained earnings (deficit)	-32	21	26	27	-187	-77	-130	-340	-1,893	-1,822	-627	492	1,190
Accumulated other comprehensive income (loss)	1	-0	5	6	-38	-30	94	93	-142	-231	55	86	28
Treasury stock, at cost (24,000,284 shares and 17,484,440 shares as of December 31, 2024 and 2023)	10	23	25	29	32	36	40	54	151	204	465	897	1,714
Total Targa Resources Corp. stockholders' equity	1,753	2,091	2,540	6,250	5,724	6,756	7,471	8,443	5,903	5,179	4,982	4,610	4,418
Noncontrolling interests	1,609	1,943	2,370	4,789	476	596	1,391	3,522	3,249	3,167	2,317	1,870	1,826
Total owners' equity	1,753	2,091	2,540	6,250	5,724	6,756	7,471	8,443	5,903	5,179	4,982	4,610	4,418
Total liabilities and owners' equity	5,105	6,049	6,454	13,254	12,871	14,389	16,938	18,815	15,876	15,208	19,560	20,672	22,734