Below are the financial statements of Targa Resources, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of USD | 2024 | 2023 |
|---|---|---|
| Current assets | — | — |
| Cash and cash equivalents | 157.3a | 141.7a |
| Trade receivables, net of allowances of $2.5 million and $2.5 million as of December 31, 2024 and 2023 | 1,618.3a | 1,471a |
| Inventories | 334.3a | 371.5a |
| Assets from risk management activities | 61.8a | 111.9a |
| Other current assets | 124.6a | 98.5a |
| Total current assets | 2,296.3a | 2,194.6a |
| Assets | — | — |
| Property, plant and equipment, net | 18,062.7a | 15,806.4a |
| Intangible assets, net | 1,977.4a | 2,350.6a |
| Long-term assets from risk management activities | 25.3a | 33.3a |
| Investments in unconsolidated affiliates | 193.3a | 146.3a |
| Other long-term assets | 179.1a | 140.6a |
| Total assets | 22,734.1a | 20,671.8a |
| Current liabilities | — | — |
| Accounts payable | 2,012.5a | 1,574.9a |
| Accrued liabilities | 336a | 281.7a |
| Interest payable | 269.1a | 229.6a |
| Liabilities from risk management activities | 167.3a | 54a |
| Current debt obligations | 387.7a | 620.7a |
| Total current liabilities | 3,172.6a | 2,760.9a |
| Liabilities and owners’ equity | — | — |
| Long-term debt | 13,786.9a | 12,333.2a |
| Long-term liabilities from risk management activities | 92a | 16.8a |
| Deferred income taxes, net | 872.1a | 535.8a |
| Other long-term liabilities | 392.3a | 415.1a |
| Targa Resources Corp. stockholders’ equity | — | — |
| Common stock | 0.2a | 0.2a |
| Additional paid-in capital | 3,089.1a | 3,058.8a |
| Retained earnings (deficit) | 1,190a | 492a |
| Accumulated other comprehensive income (loss) | 27.5a | 85.6a |
| Treasury stock, at cost | -1,714.4a | -896.9a |
| Owners’ equity | — | — |
| Total Targa Resources Corp. stockholders’ equity | 2,592.4a | 2,739.7a |
| Noncontrolling interests | 1,825.8a | 1,870.3a |
| Total owners’ equity | 4,418.2a | 4,610a |
| Total liabilities and owners’ equity | 22,734.1a | 20,671.8a |
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