FFilingLens
Quarterly TTM Annual
Income Balance Cash flow
8P

Three-Statement Breakdown

TRGP
2026-06-30 · figures in $M

FCF UP

Free cash flow rose 183% to $740.9M — the highest of its last 8 readings, and covered net income 0.33×.

CASH FROM OPS +15.7%
4,286 25.6% MGN
CAPITAL EXPENDITURE +3.0%
3,545
FREE CASH FLOW +182.9%
741
FCF / NET INCOME +166.0%
0.33× TARGET >1.0×
Cash flow TTM 24-09 TTM 24-12 TTM 25-03 TTM 25-06 TTM 25-09 TTM 25-12 TTM 26-03 vs prior TTM YoY TTM 8Q
Net income
10-Q
1,261 1,312 1,307 1,638 1,729 1,923 2,132 2,268 +6.4% +38.4% 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
10-Q
1,386 1,423 1,450 1,475 1,503 1,515 1,574 1,653 +5.0% +12.1% 1,653
Stock-based comp
64 63 66 68 68 70 75 76 +1.2% +11.4% 76
Cash from operations
3,280 3,650 3,728 3,682 3,740 3,917 3,702 4,286 +15.7% +16.4% 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
2.60× 2.78× 2.85× 2.25× 2.16× 2.04× 1.74× 1.89× +8.8% -15.9% 1.89×
Capital expenditures
(2,959) (2,966) (3,088) (3,254) (3,097) (3,333) (3,441) (3,545) +3.0% +8.9% (3,545)
Free cash flow
321 684 640 428 643 584 262 741 +182.9% +73.3% 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
2.0% 4.2% 3.9% 2.5% 3.7% 3.4% 1.6% 4.4% +179.9% +76.8% 4.4%
Cash from investing
-3,002 -3,021 -3,157 -3,364 -3,208 -3,642 -4,990 -5,046 — — -5,046
Share repurchases
RESTATED · WAS 791
632 755 756 725 713 642 572 328 -42.7% -54.8% 328
Cash from financing
-290 -613 -530 -371 -535 -267 1,236 780 -36.9% — 780
Net change in cash
-12 16 42 -53 -3 9 -51 19 — — 19
Ending cash balance
127 157 151 113 124 166 100 132 +32.2% +17.0% 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
FROM262 CASH FROM OPERATIONS+583 CAPITAL EXPENDITURES-104 TO741
↹ CLICK A LINE TO SELECT · ⌘F FIND LINE ITEM SRC 10-Q FILED 2026-08-06 ↗