Targa Resources, Inc.

Targa Resources Corp.'s next confirmed earnings release is scheduled for November 5, 2026.

As of June 30, 2026, Targa Resources Corp. has 214.42M shares outstanding.

As of June 30, 2026, Targa Resources Corp. maintains a current ratio of 0.77, meaning it holds 0.8x the short-term assets needed to cover near-term liabilities. The debt-to-equity ratio is 515.79, indicating elevated leverage, while an interest coverage ratio of 8.14 demonstrates adequate ability to service its debt obligations.

Over the twelve months ended June 30, 2026, Targa Resources Corp. posted a return on equity (ROE) of 72.63, showing how much profit the company earns on every dollar of shareholder capital. Return on invested capital (ROIC) comes in at 14.06 - the clearest signal of whether the business earns more on its capital than that capital costs, and the core measure of a durable competitive advantage. Return on assets (ROA) stands at 8.72, measuring how efficiently the asset base is converted into earnings. Return on capital employed (ROCE) is 12.86, useful for judging operating efficiency across full business cycles. The company generates approximately 4.16M in revenue per employee across its workforce of 3,520.00, a quick read on workforce productivity versus industry peers. Inventory turnover of 29.56 indicates how many times Targa Resources Corp. sells and replaces its inventory over a year, a key working capital efficiency ratio.

Over the twelve months ended June 30, 2026, Targa Resources Corp. recorded 546.62M in income tax expense. That works out to an effective tax rate of 21.32, which can sit above or below the statutory corporate tax rate depending on foreign earnings mix, tax credits, and one-off items. Taxes are levied on pretax income of 2.56B, leaving 1.98B in net income after tax - the gap is what shifts in the tax rate do to reported earnings and EPS.

These figures are as of the close on October 22, 2026.

Over the twelve months ended June 30, 2026, Targa Resources Corp. generated 14.65B in revenue and converted that into 1.98B in net income, yielding earnings per share of 9.39. EBITDA reached 4.80B, while operating income came in at 3.36B.

As of June 30, 2026, Targa Resources Corp. holds 115.80M in cash and equivalents against 17.14B in total debt, resulting in a net debt position of 16.33B. Total book value stands at 3.20B, with working capital of -684.48M providing operational flexibility.

Targa Resources Corp. produced 3.75B in operating cash flow over the twelve months ended June 30, 2026. After subtracting -3.10B in capital expenditures, free cash flow totaled 648.51M - equivalent to 3.02 per share.

Over the twelve months ended June 30, 2026, Targa Resources Corp. posted a gross margin of 33.32, reflecting its pricing power and cost economics. The operating margin of 22.91 and net profit margin of 13.54 provide insight into operational efficiency.

Over the twelve months ended June 30, 2026, Targa Resources Corp. paid dividends of 3.76 per share. The dividend payout ratio of 39.34 indicates the proportion of earnings distributed to shareholders, a key gauge of how sustainable the dividend is and how much room remains for future dividend growth.