Net Assets for Targa Resources (TRGP)
According to Targa Resources's latest reported financial statements, the company's latest reported net assets is $3.07B USD. Net assets — also called stockholders' equity — equal total assets minus total liabilities. They represent the residual claim of shareholders on the company's assets and roughly track book value over time.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
TRGP
Currently viewingNet AssetsSwitch metric
Latest period
$3.07B
YoY change
+18.3%
5Y CAGR
+2.9%
Peak year (2017)
$6.16B
Latest annual
$3.07B
Net Assets history chart for Targa Resources (TRGP) from 2008 to 2025
Net Assets history table for Targa Resources (TRGP) from 2008 to 2025
| Fiscal year | Period ended | Reported | Net Assets | YoY |
|---|---|---|---|---|
| 2025 | $3.07B | +18.3% | ||
| 2024 | $2.59B | -5.4% | ||
| 2023 | $2.74B | +2.8% | ||
| 2022 | $2.67B | +32.5% | ||
| 2021 | $2.01B | -24.2% | ||
| 2020 | $2.65B | -46.1% | ||
| 2019 | $4.92B | -19.1% | ||
| 2018 | $6.08B | -1.3% | ||
| 2017 | $6.16B | +17.4% | ||
| 2016 | $5.25B | +259.1% | ||
| 2015 | $1.46B | +760.7% | ||
| 2014 | $169.80M | +14.1% | ||
| 2013 | $148.80M | +3.3% | ||
| 2012 | $144.10M | -8.9% | ||
| 2011 | $158.10M | +9.6% | ||
| 2010 | $144.30M | +65.1% | ||
| 2009 | $87.40M | -35.1% | ||
| 2008 | $134.70M | — |
Net Assets values are taken from Targa Resources's reported balance sheets (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
2025's annual net assets for Targa Resources (TRGP) came in at $3.07B – grew 18.3% year-over-year.
Through 2020–2025 (5 years), Targa Resources net assets delivered a +2.9% annualised rate; with the latest reading among the more recent periods of the dataset.
Targa Resources net assets peaked at $6.16B in 2017; the latest annual figure is $3.07B in 2025 (50.2% below peak).
The highest annual net assets of $6.16B was reported in 2017. The lowest in the available history was $87.40M in 2009.
Targa Resources (TRGP) sits 9th of 8 Energy peers we track on this metric, against a peer median of $46.08B.
Targa Resources Net Assets by Year
Targa Resources Net Assets 2025: $3.07B
Targa Resources net assets in 2025 was $3.07B, grew 18.3% from 2024.
Targa Resources Net Assets 2024: $2.59B
Targa Resources net assets in 2024 was $2.59B, declined 5.4% below 2023.
Targa Resources Net Assets 2023: $2.74B
Targa Resources net assets in 2023 was $2.74B, edged up 2.8% from 2022.
Targa Resources Net Assets 2022: $2.67B
Targa Resources net assets in 2022 was $2.67B, surged 32.5% from 2021.
Targa Resources Net Assets 2021: $2.01B
Targa Resources net assets in 2021 was $2.01B.
See more financial history for Targa Resources (TRGP).
Sector peers — Net Assets
Companies in the same sector as Targa Resources, ranked by their latest net assets.
| Company | Net Assets | Sector |
|---|---|---|
| Exxon Mobil Corporation (XOM) | $259.39B | Energy |
| Chevron Corporation (CVX) | $186.45B | Energy |
| ConocoPhillips (COP) | $64.49B | Energy |
| Enbridge Inc. (ENB) | $62.33B | Energy |
| EOG Resources, Inc. (EOG) | $29.83B | Energy |
| SLB N.V. (SLB) | $26.11B | Energy |
| Valero Energy Corporation (VLO) | $23.73B | Energy |
| The Williams Companies, Inc. (WMB) | $12.81B | Energy |
Frequently asked questions
What is Targa Resources's net assets?
- Latest reported net assets for Targa Resources (TRGP) is $3.07B (period ending December 31, 2025).
How has Targa Resources net assets changed year-over-year?
- Targa Resources (TRGP) net assets changed +18.3% year-over-year on the latest annual filing.
What is the long-term growth rate of Targa Resources net assets?
- Targa Resources (TRGP) net assets compound annual growth rate is +2.9% over the most recent 5 years available.
When did Targa Resources net assets hit its highest annual value?
- Targa Resources net assets reached its highest annual value of $6.16B in 2017.
What was Targa Resources net assets in 2024?
- Targa Resources (TRGP) net assets in 2024 was $2.59B.
What was Targa Resources net assets in 2025?
- Targa Resources (TRGP) net assets in 2025 was $3.07B.
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