Targa Resources Inc Net Assets
Targa Resources Inc net assets. Based on the latest financial reports, Targa Resources Inc (TRGP) has net assets worth $3.80 Billion USD as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($28.52 Billion) and total liabilities ($24.72 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Also explore Targa Resources Inc annual equity growth to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $3.80 Billion |
| % of Total Assets | 13.31% |
| Annual Growth Rate | 8.32% |
| 5-Year Change | -38.24% |
| 10-Year Change | -45.93% |
| Growth Volatility | 38.34 |
Net Assets of Targa Resources Inc (2008–2025)
Net assets of Targa Resources Inc from 2008 to 2025. This chart illustrates how Targa Resources Inc's net assets have evolved over time, based on quarterly financial data. See Targa Resources Inc (TRGP) balance sheet quality index to measure how much of total assets are equity-financed.
Annual Net Assets for Targa Resources Inc (2008–2025)
The table below shows the annual net assets of Targa Resources Inc from 2008 to 2025. For live market cap and overall valuation, see TRGP company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $3.20 Billion | -27.61% |
| 2024-12-31 | $4.42 Billion | -4.16% |
| 2023-12-31 | $4.61 Billion | -7.47% |
| 2022-12-31 | $4.98 Billion | -3.79% |
| 2021-12-31 | $5.18 Billion | -12.27% |
| 2020-12-31 | $5.90 Billion | -30.08% |
| 2019-12-31 | $8.44 Billion | +13.01% |
| 2018-12-31 | $7.47 Billion | +7.15% |
| 2017-12-31 | $6.97 Billion | +17.87% |
| 2016-12-31 | $5.92 Billion | -5.36% |
| 2015-12-31 | $6.25 Billion | +146.11% |
| 2014-12-31 | $2.54 Billion | +21.44% |
| 2013-12-31 | $2.09 Billion | +19.27% |
| 2012-12-31 | $1.75 Billion | +31.77% |
| 2011-12-31 | $1.33 Billion | +28.43% |
| 2010-12-31 | $1.04 Billion | +37.25% |
| 2009-12-31 | $754.90 Million | -8.16% |
| 2008-12-31 | $822.00 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Targa Resources Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 240950000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Targa Resources Inc Net Assets Breakdown (December 2025)
Targa Resources Inc net assets breakdown by equity component as of December 2025.
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $2.29 Billion | 74.79% |
| Common Stock | $200.00K | 0.01% |
| Other Comprehensive Income | $113.80 Million | 3.71% |
| Other Components | $659.50 Million | 21.50% |
| Total Equity | $3.07 Billion | 100.00% |
Targa Resources Inc Competitors by Market Cap
The table below lists competitors of Targa Resources Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Alimentation Couchen Tard Inc A
TO:ATD
|
$55.26 Billion |
|
Nordea Bank Abp
HE:NDA-FI
|
$55.32 Billion |
|
JAPAN TOBACCO UNSP.ADR1/2
F:JATA
|
$55.39 Billion |
|
BANK O.CHINA H ADR/25 YC1
F:W8VS
|
$55.92 Billion |
|
Garmin Ltd
NYSE:GRMN
|
$55.07 Billion |
|
Realty Income Corporation
NYSE:O
|
$55.05 Billion |
|
Cheniere Energy Inc
NYSE:LNG
|
$55.04 Billion |
|
Crowdstrike Holdings Inc
NASDAQ:CRWD
|
$55.01 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Targa Resources Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 2,592,400,000 to 3,067,900,000, a change of 475,500,000 (18.3%).
- Net income of 1,844,400,000 contributed positively to equity growth.
- Dividend payments of 818,300,000 reduced retained earnings.
- Share repurchases of 641,800,000 reduced equity.
- Other comprehensive income increased equity by 86,300,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $1.84 Billion | +60.12% |
| Dividends Paid | $818.30 Million | -26.67% |
| Share Repurchases | $641.80 Million | -20.92% |
| Other Comprehensive Income | $86.30 Million | +2.81% |
| Other Changes | $4.90 Million | +0.16% |
| Total Change | $- | 18.34% |
Book Value vs Market Value Analysis
This analysis compares Targa Resources Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 18.54x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 83.09x to 18.54x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2008-12-31 | $3.18 | $264.59 | x |
| 2009-12-31 | $2.07 | $264.59 | x |
| 2010-12-31 | $3.45 | $264.59 | x |
| 2011-12-31 | $3.82 | $264.59 | x |
| 2012-12-31 | $41.95 | $264.59 | x |
| 2013-12-31 | $49.67 | $264.59 | x |
| 2014-12-31 | $4.03 | $264.59 | x |
| 2015-12-31 | $116.61 | $264.59 | x |
| 2016-12-31 | $32.02 | $264.59 | x |
| 2017-12-31 | $33.70 | $264.59 | x |
| 2018-12-31 | $27.12 | $264.59 | x |
| 2019-12-31 | $21.16 | $264.59 | x |
| 2020-12-31 | $11.43 | $264.59 | x |
| 2021-12-31 | $8.80 | $264.59 | x |
| 2022-12-31 | $11.53 | $264.59 | x |
| 2023-12-31 | $12.12 | $264.59 | x |
| 2024-12-31 | $11.71 | $264.59 | x |
| 2025-12-31 | $14.27 | $264.59 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Targa Resources Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 60.12%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.76%
- • Asset Turnover: 0.68x
- • Equity Multiplier: 8.22x
- Recent ROE (60.12%) is above the historical average (14.29%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | 27.69% | 0.47% | 2.20x | 27.04x | $23.83 Million |
| 2009 | 33.52% | 0.65% | 1.35x | 38.53x | $20.56 Million |
| 2010 | -10.40% | -0.27% | 1.61x | 23.52x | $-29.43 Million |
| 2011 | 19.42% | 0.44% | 1.83x | 24.23x | $14.89 Million |
| 2012 | 2.17% | 0.65% | 1.14x | 2.91x | $-137.24 Million |
| 2013 | 3.11% | 1.00% | 1.08x | 2.89x | $-144.03 Million |
| 2014 | 60.25% | 1.19% | 1.34x | 38.01x | $85.32 Million |
| 2015 | 0.93% | 0.89% | 0.50x | 2.12x | $-566.72 Million |
| 2016 | -3.17% | -2.82% | 0.52x | 2.18x | $-778.82 Million |
| 2017 | 0.77% | 0.61% | 0.62x | 2.06x | $-643.25 Million |
| 2018 | 0.03% | 0.02% | 0.62x | 2.79x | $-606.34 Million |
| 2019 | -4.25% | -2.41% | 0.46x | 3.82x | $-701.28 Million |
| 2020 | -58.55% | -18.78% | 0.52x | 5.98x | $-1.82 Billion |
| 2021 | 3.54% | 0.41% | 1.15x | 7.56x | $-129.98 Million |
| 2022 | 42.85% | 5.27% | 1.11x | 7.34x | $875.73 Million |
| 2023 | 30.23% | 5.30% | 0.76x | 7.55x | $554.23 Million |
| 2024 | 48.97% | 7.64% | 0.73x | 8.77x | $1.01 Billion |
| 2025 | 60.12% | 10.76% | 0.68x | 8.22x | $1.54 Billion |
Industry Comparison
This section compares Targa Resources Inc's net assets metrics with peer companies in the Oil & Gas Midstream industry.
Industry Context
- Industry: Oil & Gas Midstream
- Average net assets among peers: $849,418,259
- Average return on equity (ROE) among peers: 144.51%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Targa Resources Inc (TRGP) | $3.80 Billion | 27.69% | 6.51x | $55.08 Billion |
| Antero Midstream Partners LP (AM) | $2.15 Billion | 17.28% | 1.67x | $9.01 Billion |
| CBL International Limited Ordinary Shares (BANL) | $8.43 Million | 42.35% | 2.20x | $12.00 Million |
| BP Prudhoe Bay Royalty Trust (BPT) | $5.79 Million | 1397.75% | 0.05x | $2.99 Million |
| Brooge Holdings Ltd (BROG) | $61.21 Million | 7.25% | 6.93x | $284.93 Million |
| BW LPG Limited (BWLP) | $1.12 Billion | 2.12% | 1.32x | $3.30 Billion |
| Cheniere Energy Partners LP (CQP) | $712.93 Million | -44.74% | 17.00x | $27.77 Billion |
| Cheniere Energy Partners LP (CQP) | $-227.52 Million | 0.00% | 0.00x | $25.77 Billion |
| DHT Holdings Inc (DHT) | $191.92 Million | 8.78% | 1.70x | $2.56 Billion |
| Dynagas LNG Partners LP (DLNG) | $318.32 Million | 5.45% | 2.31x | $111.33 Million |
| DT Midstream Inc (DTM) | $4.15 Billion | 8.91% | 1.13x | $11.56 Billion |
About Targa Resources Inc
Targa Resources Corp., together with its subsidiaries, owns, operates, acquires, and develops a portfolio of complementary domestic infrastructure assets in North America. It operates in two segments, Gathering and Processing, and Logistics and Transportation. The company is involved in gathering, compressing, treating, processing, transporting, and selling natural gas; storing, fractionating, tr… Read more