Targa Resources Corp

Common Name
Targa Resources
Country
United States
Sector
Energy
Industry
Oil & Gas Midstream
Employees
3,370
Ticker
TRGP
Exchange
NEW YORK STOCK EXCHANGE, INC.
Description
Targa Resources Corp. is a leading independent provider of midstream energy services, specializing in the gathering, compression, treatment, processing, and sale of natural gas, as well as the storage...

Financial Statements of Targa Resources

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 USD202420232022
Revenues
Sales of commodities
13,891.8a
13,962.1a
19,066a
Fees from midstream services
2,489.7a
2,098.2a
1,863.8a
Total revenues
16,381.5a
16,060.3a
20,929.8a
Costs and expenses
Product purchases and fuel
-10,703a
-10,676.4a
-16,882.1a
Operating expenses
-1,175.6a
-1,077.9a
-912.8a
Depreciation and amortization expense
-1,423a
-1,329.6a
-1,096a
General and administrative expense
-384.9a
-348.7a
-309.7a
Other operating (income) expense
-0.4a
1.5a
0.2a
Income (loss) from operations
2,695.4a
2,626.2a
1,729a
Other income (expense)
Interest expense, net
-767.2a
-687.8a
-446.1a
Equity earnings (loss)
9.4a
9a
9.1a
Gain (loss) from financing activities
-0.8a
-2.1a
-49.6a
Gain (loss) from sale of equity method investment
0a
0a
435.9a
Other, net
1.2a
-2.8a
-15.1a
Income (loss) before income taxes
1,938a
1,942.5a
1,663.2a
Income tax (expense) benefit
-384.5a
-363.2a
-131.8a
Net income (loss)
1,553.5a
1,579.3a
1,531.4a
Less: net income (loss) attributable to noncontrolling interests
241.5a
233.4a
335.9a
Net income (loss) attributable to Targa Resources Corp.
1,312a
1,345.9a
1,195.5a
Premium on repurchase of noncontrolling interests, net of tax
32.9a
510.1a
53.2a
Dividends on Series A Preferred Stock
0a
0a
30a
Deemed dividends on Series A Preferred Stock
0a
0a
215.5a
Net income (loss) attributable to common shareholders
1,279.1a
835.8a
896.8a

Verified Sources Behind Targa Resources’s Financial Fundamentals Data

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a. Targa Resources's 10-K 2024
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