What changed in Targa Resources Corp.'s latest annual report
In the year ended 31 Dec 2025, Targa Resources Corp.'s revenue rose 3.9% to USD 17.03bn, from USD 16.38bn; net income rose 46.6% to USD 1.92bn, from USD 1.31bn; long-term debt rose 23% to USD 17.43bn, from USD 14.17bn.
Year ended 31 Dec 2025. Source: 10-K filed 19 Feb 2026, read it on SEC EDGAR.
USD 16.38bn to USD 17.03bn
The figures, year on year
| Item | Year before | Latest year | Change |
|---|---|---|---|
| Revenue | 16.38bn | 17.03bn | Up 3.9% |
| Net income | 1.31bn | 1.92bn | Up 46.6% |
| Total assets | 22.73bn | 25.22bn | Up 10.9% |
| Long-term debt | 14.17bn | 17.43bn | Up 23% |
| Cash and cash equivalents | 157.30m | 166.10m | Up 5.6% |
| Shareholders' equity | 2.59bn | 3.07bn | Up 18.3% |
Questions people ask
Did Targa Resources Corp.'s revenue grow last year?
Revenue grew 3.9%, from USD 16.38bn to USD 17.03bn in the year ended 31 Dec 2025.
Is Targa Resources Corp. profitable?
Yes. Net income was USD 1.92bn in the year ended 31 Dec 2025. The year before: USD 1.31bn.
How much cash and debt does Targa Resources Corp. have?
At its latest year end (31 Dec 2025), Targa Resources Corp. reported cash and cash equivalents of USD 166.10m and long-term debt of USD 17.43bn.
Where do these numbers come from?
From Targa Resources Corp.'s own annual filings with the SEC. Each change is calculated from the reported figures; nothing is estimated.
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