FN2 Earnings Intelligence
Targa Resources Corp. cash flow
Targa Resources Corp. (TRGP) Cash Flow (annual) derived from persisted SEC financial facts.
Key Stats
USD in millions, except per-share values and percentages.
| Metric | 12/31/2021 | 12/31/2022 | 12/31/2023 | 12/31/2024 | 12/31/2025 | 12/31/2026 est. | 12/31/2027 est. |
|---|---|---|---|---|---|---|---|
| Market Cap | - | - | - | - | - | - | - |
| - Cash | $158.5 | $219 | $141.7 | $157.3 | $166.1 | - | - |
| + Debt | $6,747.2 | - | - | - | - | - | - |
| Enterprise Value | - | - | - | - | - | - | - |
| Revenue | $16,949.8 | $20,929.8 | $16,060.3 | $16,381.5 | $17,028.3 | $19,737 | $22,963.3 |
| % Growth | 105.2% | 23.5% | -23.3% | 2.0% | 3.9% | 15.9% | 16.3% |
| Gross Profit | $3,220.3 | $4,047.7 | $5,383.9 | $5,678.5 | $6,520.5 | - | - |
| % Margin | 19.0% | 19.3% | 33.5% | 34.7% | 38.3% | - | - |
| EBITDA | $1,735.4 | $2,825 | $3,955.8 | $4,118.4 | $4,846.5 | - | - |
| % Margin | 10.2% | 13.5% | 24.6% | 25.1% | 28.5% | - | - |
| Net Income | $71.2 | $1,195.5 | $1,345.9 | $1,312 | $1,923 | - | - |
| % Margin | 0.4% | 5.7% | 8.4% | 8.0% | 11.3% | - | - |
| Diluted EPS | -$0.07 | $3.88 | $3.66 | $5.74 | $8.49 | $10.83 | $12.42 |
| % Growth | 99.0% | 5,642.9% | -5.7% | 56.8% | 47.9% | 27.6% | 14.7% |
| Operating Cash Flow | $2,302.9 | $2,380.8 | $3,211.6 | $3,649.7 | $3,917.4 | - | - |
| CapEx | $505.1 | $1,334.3 | $2,385.4 | $2,965.8 | $3,333.3 | - | - |
| Free Cash Flow | $1,797.8 | $1,046.5 | $826.2 | $683.9 | $584.1 | - | - |
Historical market capitalization is not persisted, so Market Cap and Enterprise Value remain unavailable rather than mixing today's market value into prior periods.
Income Statement
USD in millions, except per-share values and percentages.
| Metric | 12/31/2021 | 12/31/2022 | 12/31/2023 | 12/31/2024 | 12/31/2025 | 12/31/2026 est. | 12/31/2027 est. |
|---|---|---|---|---|---|---|---|
| Revenue | $16,949.8 | $20,929.8 | $16,060.3 | $16,381.5 | $17,028.3 | $19,737 | $22,963.3 |
| Gross Profit | $3,220.3 | $4,047.7 | $5,383.9 | $5,678.5 | $6,520.5 | - | - |
| EBITDA | $1,735.4 | $2,825 | $3,955.8 | $4,118.4 | $4,846.5 | - | - |
| Net Income | $71.2 | $1,195.5 | $1,345.9 | $1,312 | $1,923 | - | - |
| Diluted EPS | -$0.07 | $3.88 | $3.66 | $5.74 | $8.49 | $10.83 | $12.42 |
Balance Sheet
USD in millions, except per-share values and percentages.
| Metric | 12/31/2021 | 12/31/2022 | 12/31/2023 | 12/31/2024 | 12/31/2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $158.5 | $219 | $141.7 | $157.3 | $166.1 |
| Short-term Debt | $150 | - | - | - | - |
| Long-term Debt | $6,597.2 | $11,536.4 | $12,953.9 | $14,174.6 | $17,432.5 |
| Total Debt | $6,747.2 | - | - | - | - |
Cash Flow
USD in millions, except per-share values and percentages.
| Metric | 12/31/2021 | 12/31/2022 | 12/31/2023 | 12/31/2024 | 12/31/2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | $2,302.9 | $2,380.8 | $3,211.6 | $3,649.7 | $3,917.4 |
| Capital Expenditure | $505.1 | $1,334.3 | $2,385.4 | $2,965.8 | $3,333.3 |
| Free Cash Flow | $1,797.8 | $1,046.5 | $826.2 | $683.9 | $584.1 |
Ratios
USD in millions, except per-share values and percentages.
| Metric | 12/31/2021 | 12/31/2022 | 12/31/2023 | 12/31/2024 | 12/31/2025 |
|---|---|---|---|---|---|
| Revenue Growth | 105.2% | 23.5% | -23.3% | 2.0% | 3.9% |
| Gross Margin | 19.0% | 19.3% | 33.5% | 34.7% | 38.3% |
| EBITDA Margin | 10.2% | 13.5% | 24.6% | 25.1% | 28.5% |
| Net Margin | 0.4% | 5.7% | 8.4% | 8.0% | 11.3% |
| FCF Margin | 10.6% | 5.0% | 5.1% | 4.2% | 3.4% |
| Diluted EPS Growth | 99.0% | 5,642.9% | -5.7% | 56.8% | 47.9% |