Targa Resources Inc (TRGP) — Financial Flexibility Index
Targa Resources Inc (TRGP) has a Financial Flexibility Index of 0.10x as of June 2026. Free cash flow of $2.45 Billion (operating CF $1.44 Billion minus capex $1.01 Billion) represents 0% of total liabilities ($24.72 Billion). Check Targa Resources Inc cash flow reinvestment rate to assess the company's total reinvestment commitment from operating cash flow.
Financial Flexibility Index
Free Cash Flow
Total Liabilities
Capital Expenditures
Targa Resources Inc Financial Flexibility Index (2008–2025)
Historical Financial Flexibility Index trend for Targa Resources Inc across 18 annual periods. For the full cash flow conversion analysis, see Targa Resources Inc (TRGP) cash flow conversion.
Annual Financial Flexibility Index for Targa Resources Inc (2008–2025)
Year-by-year free cash flow to debt coverage for Targa Resources Inc. Explore how well can Targa Resources Inc service its debt to assess how comfortably operating cash covers total debt obligations.
| Year | Flexibility Index | Free Cash Flow (USD) | Operating CF | Total Liabilities | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.33x | $7.25 Billion | $3.92 Billion | $22.02 Billion | ▼ -8.8% |
| 2024 | 0.36x | $6.62 Billion | $3.65 Billion | $18.32 Billion | ▲ +3.7% |
| 2023 | 0.35x | $5.60 Billion | $3.21 Billion | $16.06 Billion | ▲ +36.7% |
| 2022 | 0.25x | $3.72 Billion | $2.38 Billion | $14.58 Billion | ▼ -9.0% |
| 2021 | 0.28x | $2.81 Billion | $2.30 Billion | $10.03 Billion | ▲ +3.6% |
| 2020 | 0.27x | $2.70 Billion | $1.74 Billion | $9.97 Billion | ▼ -34.3% |
| 2019 | 0.41x | $4.27 Billion | $1.39 Billion | $10.37 Billion | ▼ -8.5% |
| 2018 | 0.45x | $4.26 Billion | $1.14 Billion | $9.47 Billion | ▲ +49.1% |
| 2017 | 0.30x | $2.24 Billion | $939.50 Million | $7.42 Billion | ▲ +49.9% |
| 2016 | 0.20x | $1.40 Billion | $837.40 Million | $6.96 Billion | ▼ -23.9% |
| 2015 | 0.26x | $1.85 Billion | $1.03 Billion | $7.00 Billion | ▼ -32.1% |
| 2014 | 0.39x | $1.52 Billion | $761.80 Million | $3.91 Billion | ▲ +10.4% |
| 2013 | 0.35x | $1.40 Billion | $382.70 Million | $3.96 Billion | ▲ +17.0% |
| 2012 | 0.30x | $1.01 Billion | $428.20 Million | $3.35 Billion | ▲ +6.0% |
| 2011 | 0.28x | $711.20 Million | $379.30 Million | $2.50 Billion | ▲ +92.8% |
| 2010 | 0.15x | $347.80 Million | $208.50 Million | $2.36 Billion | ▼ -11.4% |
| 2009 | 0.17x | $435.20 Million | $335.80 Million | $2.61 Billion | ▼ -10.2% |
| 2008 | 0.19x | $523.00 Million | $390.70 Million | $2.82 Billion | — |