FFilingLens
Quarterly TTM Annual
Income Balance Cash flow
8Y

Three-Statement Breakdown

TRGP
2026-06-30 · figures in $M

NET DEBT UP

Net debt rose 23% to $17.3B — the highest of its last 8 readings, and stands at 3.56× annualized EBITDA.

CASH +5.6%
166
TOTAL DEBT +23.0%
17,432
NET DEBT +23.2%
17,266
NET DEBT / ANN. EBITDA +4.7%
3.56× TARGET <2.0×
Balance sheet FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 YoY
Cash & equivalents
10-Q
232 331 243 158 219 142 157 166 +5.6%
Accounts receivable
10-Q
866 855 863 1,332 1,408 1,471 1,618 1,475 -8.9%
Inventories
10-Q
165 162 182 153 394 372 334 429 +28.4%
Other current assets
RESTATED · WAS 34 10-Q
41 70 88 83 156 98 125 138 +10.8%
Total current assets
10-Q
1,419 1,658 1,460 1,770 2,357 2,195 2,296 2,363 +2.9%
Current ratio
10-Q
0.51× 0.89× 0.82× 0.77× 0.77× 0.79× 0.72× 0.67× -8.0%
Goodwill
10-K
47 45 45 45 45 45 45 112 +148.5%
Property, plant & equipment
10-Q
12,928 14,548 12,174 11,668 14,215 15,806 18,063 20,535 +13.7%
Total assets
10-Q
16,938 18,815 15,876 15,208 19,560 20,672 22,734 25,218 +10.9%
Return on assets (annualized)
10-Q
0.0% -1.1% -9.8% 0.5% 6.1% 6.5% 5.8% 7.6% +32.1%
Accounts payable
NOT DISCLOSED RESTATED · WAS 980 10-Q
— 955 834 1,402 1,449 1,575 2,012 1,873 -6.9%
Accrued liabilities
RESTATED · WAS 273 10-Q
21 177 186 272 290 282 336 359 +6.7%
Short-term debt
NOT DISCLOSED
1,029 370 356 150 — — — — —
Total current liabilities
10-Q
2,799 1,873 1,779 2,298 3,067 2,761 3,173 3,547 +11.8%
Long-term debt
10-Q
5,632 7,440 7,387 6,434 10,702 12,333 13,787 16,662 +20.9%
Total liabilities
9,467 10,372 9,972 10,030 14,578 16,062 18,316 22,020 +20.2%
Net debt
6,428 7,491 7,513 6,439 11,317 12,812 14,017 17,266 +23.2%
Stockholders' equity
10-Q
7,471 8,443 5,903 5,179 4,982 4,610 4,418 3,198 -27.6%
Net debt / TTM EBITDA
NOT DISCLOSED 10-Q
6.10× 6.43× — 3.71× 4.01× 3.24× 3.40× 3.56× +4.7%

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SELECTED · NET DEBT · QoQ BRIDGE
FROM14,017 TOTAL DEBT+3,258 CASH & EQUIVALENTS-9 TO17,266
↹ CLICK A LINE TO SELECT · ⌘F FIND LINE ITEM SRC 10-Q FILED 2026-08-06 ↗