FFilingLens
Quarterly TTM Annual
Income Balance Cash flow
8Y

Three-Statement Breakdown

TRGP
2026-06-30 · figures in $M

FCF DOWN

Free cash flow fell 15% to $584.1M, and covered net income 0.30×.

CASH FROM OPS +7.3%
3,917 23.0% MGN
CAPITAL EXPENDITURE +12.4%
3,333
FREE CASH FLOW -14.6%
584
FCF / NET INCOME -41.7%
0.30× TARGET >1.0×
Cash flow FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 YoY TTM 8Q
Net income
2 -209 -1,554 71 1,196 1,346 1,312 1,923 +46.6% 2,268 2024-09-30 · $387.4M2024-12-31 · $350.9M2025-03-31 · $270.5M2025-06-30 · $629.1M2025-09-30 · $478.4M2025-12-31 · $545.0M2026-03-31 · $479.6M2026-06-30 · $764.6M
Depreciation & amortization
816 972 865 871 1,096 1,330 1,423 1,515 +6.5% 1,653
Stock-based comp
56 60 66 59 58 62 63 70 +10.0% 76
Cash from operations
1,144 1,390 1,744 2,303 2,381 3,212 3,650 3,917 +7.3% 4,286 2024-09-30 · $540.9M2024-12-31 · $1.3B2025-03-31 · $954.4M2025-06-30 · $858.3M2025-09-30 · $599.2M2025-12-31 · $1.5B2026-03-31 · $739.5M2026-06-30 · $1.4B
Cash conversion
NOT DISCLOSED
715.00× — — 32.34× 1.99× 2.39× 2.78× 2.04× -26.8% 1.89×
Capital expenditures
(3,115) (2,878) (952) (505) (1,334) (2,385) (2,966) (3,333) +12.4% (3,545)
Free cash flow
-1,971 -1,488 793 1,798 1,046 826 684 584 -14.6% 741 2024-09-30 · -$287.9M2024-12-31 · $601.0M2025-03-31 · $162.2M2025-06-30 · -$47.8M2025-09-30 · -$72.6M2025-12-31 · $542.3M2026-03-31 · -$160.0M2026-06-30 · $431.2M
FCF margin
-18.8% -17.2% 9.6% 10.6% 5.0% 5.1% 4.2% 3.4% -17.8% 4.4%
Cash from investing
-3,147 -3,072 -738 -473 -4,150 -2,401 -3,021 -3,642 — -5,046
Dividends paid
NOT DISCLOSED
908 — — — — — — — — —
Share repurchases
4 14 97 53 225 374 755 642 -15.0% 328
Debt repayment
NOT DISCLOSED
1,555 749 1,391 1,132 1,473 290 — 705 — —
Cash from financing
2,098 1,781 -1,095 -1,914 1,829 -888 -613 -267 — 780
Net change in cash
95 99 -88 -84 60 -77 16 9 -43.6% 19
Ending cash balance
232 331 243 158 219 142 157 166 +5.6% 132

Click a line to select it — Enter or the EXPAND pill folds out its quarter-by-quarter history.

SELECTED · FREE CASH FLOW · QoQ BRIDGE
FROM684 CASH FROM OPERATIONS+268 CAPITAL EXPENDITURES-368 TO584
↹ CLICK A LINE TO SELECT · ⌘F FIND LINE ITEM SRC 10-Q FILED 2026-08-06 ↗