NYSE · NATURAL GAS TRANSMISSION · LARGE CAP
Targa Resources Corp. TRGP
17 fiscal years on record · USD · FY2025 reported
SEC FILINGS ONLY4 YEARS OF DIVIDEND GROWTH
Revenue · FY2025
$17.0B
▲ 3.9% vs FY2024
Dividend streak
4 yrs
Raised every year since 2022
EPS · FY25
$8.49
Dividend / sh · FY25
$3.75
Payout · FY25
—
ROE · FY25
67.9%
Net margin · FY25
11.3%
Dividend coverage
2.3×
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Result
USD 17.0B
Revenue, FY2025 · full 17-year series below
Revenue
Net income
11 cents of every revenue dollar became profit this year.
Per share
USD 8.49
Diluted EPS, FY2025
EPS
Dividend
Earnings covered the dividend 2.3 times — the rest stayed in the company.
Profitability
67.9%
Return on equity, FY2025
ROE
Operating margin19.6%
Net margin11.3%
Return on assets8.0%
Each USD of equity produced 68 cents of profit this year.
Returned to shareholders
—
returned in FY2025 · dividends + net buybacks
Dividends paid—
Net buybacks—
Share of profit—
Consecutive raises4 years
Growth
+19.9% a year
revenue, compounded over five years
CAGR
3 yrs
5 yrs
10 yrs
15 yrs
Revenue
−4.9%
+19.9%
Net income
+17.2%
+41.9%
EPS, diluted
+29.8%
Dividend / share
+38.9%
+25.4%
Returned to shareholders
+35.7%
−3.2%
Compound annual rates per period — left blank where the series crosses a loss.
Share base
0.21B
Shares outstanding, FY2025
Change, 5 years−5.9%
Change, 10 years—
The share count shrank 6% in five years — the same company, cut into fewer, larger slices.
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Balance sheet
USD 25.2B
total assets, end of FY2025
Total assetsUSD 25.2B
EquityUSD 3.1B
CashUSD 166.1M
Gross debtUSD 17.4B
Net debtUSD 17.3B
Current ratio0.67×
Net debt stands at 563% of equity.
History
17 fiscal years
Every figure from documents filed with the SEC · USD
Metric
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
2011
2010
2009
Revenue $B
17.0
16.4
16.1
19.8
16.1
6.9
7.4
9.4
7.8
6.7
·
·
·
·
·
·
·
Operating income $B
3.3
2.7
2.6
1.7
0.9
−1.3
0.2
0.2
−0.1
0.1
0.2
0.6
0.4
0.3
0.4
0.2
0.2
EBITDA $B
4.8
4.1
4.0
2.8
1.7
−0.4
1.2
1.1
0.7
0.8
0.8
1.0
0.6
0.5
0.5
0.4
0.4
Income tax $B
0.5
0.4
0.4
0.1
0.0
−0.2
−0.1
0.0
−0.4
−0.1
0.0
0.1
0.0
0.0
0.0
0.0
0.0
Net income $B
1.9
1.3
1.3
1.2
0.1
−1.6
−0.2
0.0
0.1
−0.2
0.1
0.1
0.1
0.0
0.0
−0.0
0.0
EPS, diluted $
8.49
5.74
3.66
3.88
−0.07
−7.26
−1.44
−0.53
−0.31
−1.80
1.09
2.43
1.55
0.91
0.74
−30.94
0.00
Dividend / sh $
3.75
2.75
1.85
1.40
0.40
1.21
3.64
3.64
3.64
3.64
3.39
·
·
·
·
·
·
Payout %
·
·
·
·
·
·
·
·
·
·
307
110
135
163
124
−1401
0
ROE %
67.9
49.2
49.8
51.1
3.1
−41.0
−3.8
0.0
0.9
−5.6
7.1
64.2
44.5
25.2
20.3
−10.4
·
Shares out B
0.21
0.22
0.22
0.23
0.23
0.23
0.23
0.23
0.22
0.18
0.06
0.04
0.04
0.04
0.04
0.04
·
Slide the table for earlier years · "·" marks figures not disclosed in the filing for that year.
How we verifyAUDITED
51 of 51
checks passed before publication
EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidity
Every figure was compared against the original statement: 0 failures and 0 presentation gaps.
What we don’t show
We’d rather say what’s missing than fill the gap with an estimate.
P/E rationeeds a market quote — not yet licensed
Market capitalizationneeds a market quote — not yet licensed
Dividend yieldneeds a market quote — not yet licensed
Price-to-bookneeds a market quote — not yet licensed