FY2025 · period end Dec '25 · from the 10-K filed Feb 19, 2026
Data as filed with the SEC, provided for information only — not investment advice.
| Metric | FY25Dec '25 | FY24Dec '24 | FY23Dec '23 | FY22Dec '22 | FY21Dec '21 |
|---|---|---|---|---|---|
| Revenue | $17.03B | $14.14B | $16.06B | $19.82B | $16.95B |
| Gross Profit | $6.52B | $3.43B | $5.38B | $2.94B | $3.22B |
| Operating Income | $3.33B | $2.70B | $2.63B | $1.73B | $0.86B |
| Net Income | $1.92B | $1.31B | $1.35B | $1.20B | $0.07B |
| EPS (Diluted) | $8.49 | $5.74 | $3.66 | $3.88 | negative: -$0.07 |
| Metric | FY25Dec '25 | FY24Dec '24 | FY23Dec '23 | FY22Dec '22 | FY21Dec '21 |
|---|---|---|---|---|---|
| Total Assets | $25.22B | $22.73B | $20.67B | $19.56B | $15.21B |
| Total Liabilities | — | — | — | — | — |
| Stockholders' Equity | $3.20B | $4.42B | $4.61B | $4.98B | $5.18B |
| Cash & Equivalents | $0.17B | $0.16B | $0.14B | $0.22B | $0.16B |
| Total Debt | $16.66B | $13.79B | $12.33B | $10.70B | $6.43B |
| Metric | FY25Dec '25 | FY24Dec '24 | FY23Dec '23 | FY22Dec '22 | FY21Dec '21 |
|---|---|---|---|---|---|
| Operating Cash Flow | $3.92B | $3.65B | $3.21B | $2.38B | $2.30B |
| Capital Expenditures | $3.33B | $2.97B | $2.39B | $1.33B | $0.51B |
| Free Cash Flow | $0.58B | $0.68B | $0.83B | $1.05B | $1.80B |
| Metric | FY25Dec '25 | FY24Dec '24 | FY23Dec '23 | FY22Dec '22 | FY21Dec '21 |
|---|---|---|---|---|---|
| Gross Margin | 38.3% | 24.3% | 33.5% | 14.8% | 19.0% |
| Operating Margin | 0.2% | 0.2% | 0.2% | 0.1% | 5.1% |
| Net Margin | 0.1% | 0.1% | 0.1% | 0.1% | 0.4% |
| Return on Equity | 50.5% | 29.1% | 28.1% | 23.5% | 1.4% |
| Return on Assets | 8.0% | 6.0% | 6.7% | 6.9% | 0.5% |
| Debt / Equity | 5.21× | 3.12× | 2.68× | 2.15× | 1.24× |
Showing the most recent 5 annual periods. Get 15 years of history on the Pro plan, or full history back to 1993 plus the smart-money dataset and webhooks on Institutional.
Who is buying and selling Targa Resources Corp. — insider transactions from Forms 3/4/5/144 and institutional ownership from 13F, 13D, and 13G filings, point-in-time stamped like every other fact in the library. Traders read it as a positioning signal; risk desks read it as concentration.
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MCP docs| Form | Accession ID | Report Date | Filing Date | Accepted At | Source |
|---|---|---|---|---|---|
| 10-Q | 0001193125-26-337729 | Jun 30, 2026 | Aug 6, 2026 | Aug 6, 2026 18:56 UTC | EDGAR |
| 10-Q | 0001193125-26-211698 | Mar 31, 2026 | May 7, 2026 | May 7, 2026 19:36 UTC | EDGAR |
| 10-K | 0001193125-26-059296 | Dec 31, 2025 | Feb 19, 2026 | Feb 19, 2026 20:53 UTC | EDGAR |
| 10-Q | 0001193125-25-266435 | Sep 30, 2025 | Nov 5, 2025 | Nov 5, 2025 18:22 UTC | EDGAR |
| 10-Q | 0001193125-25-175239 | Jun 30, 2025 | Aug 7, 2025 | Aug 7, 2025 17:02 UTC | EDGAR |
| 10-Q | 0000950170-25-061595 | Mar 31, 2025 | May 1, 2025 | May 1, 2025 16:42 UTC | EDGAR |
| 10-K | 0000950170-25-023983 | Dec 31, 2024 | Feb 20, 2025 | Feb 20, 2025 19:15 UTC | EDGAR |
| 10-Q | 0000950170-24-121370 | Sep 30, 2024 | Nov 5, 2024 | Nov 5, 2024 20:08 UTC | EDGAR |
| 10-Q | 0000950170-24-089135 | Jun 30, 2024 | Aug 1, 2024 | Aug 1, 2024 18:17 UTC | EDGAR |
| 10-Q | 0000950170-24-051853 | Mar 31, 2024 | May 2, 2024 | May 2, 2024 17:30 UTC | EDGAR |
| 10-K | 0000950170-24-015841 | Dec 31, 2023 | Feb 15, 2024 | Feb 15, 2024 21:01 UTC | EDGAR |
| 10-Q | 0000950170-23-058137 | Sep 30, 2023 | Nov 2, 2023 | Nov 2, 2023 19:52 UTC | EDGAR |
Direct links to SEC EDGAR. TRGP has additional filings available on the SEC site.
6 numbers Targa Resources Corp. later changed — same XBRL tag, both filings linked.
Revenues·Q2 2019
Major restatementwas$1.6B
Revised up in a 10-Q. Any P/S built on the original was 17.7% too high.
Revenue from Contract with Customer, Excluding Assessed Tax·Q2 2019
Major restatementwas$2B
Revised down in a 10-Q. Any P/S built on the original was 21.5% too low.
Revenues·Q1 2019
Major restatementwas$2B
Revised up in a 10-Q. Any P/S built on the original was 14.6% too high.
Revenues·Q3 2019
Major restatementwas$1.7B
Revised up in a 10-Q. Any P/S built on the original was 13.0% too high.
Revenue from Contract with Customer, Excluding Assessed Tax·Q1 2019
Major restatementwas$2.3B
Revised down in a 10-Q. Any P/S built on the original was 17.0% too low.
Revenues·FY 2017
Major restatementwas$7.8B
Revised up in a 10-K. Any P/S built on the original was 11.5% too high.
TRGP is not the only one.
See every restatement we've found across the market — or get an alert the next time TRGP revises a number.
Restatements are detected by comparing every vintage of a fact across all of Targa Resources Corp.'s filings back to 1993. A revision is not by itself a sign of wrongdoing — companies re-file for many legitimate reasons. This list is not exhaustive: it shows TRGP's most significant revisions, and a figure absent from it has not been certified as unrevised.
