TRGP (Targa Resources) Cash And Cash Equivalents : $151 Mil (As of Mar. 2025)

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What is Targa Resources Cash And Cash Equivalents?

Targa Resources's quarterly cash and cash equivalents increased from Sep. 2024 ($127.20 Mil) to Dec. 2024 ($157.30 Mil) but then stayed the same from Dec. 2024 ($157.30 Mil) to Mar. 2025 ($151.40 Mil).

Targa Resources's annual cash and cash equivalents declined from Dec. 2022 ($219.00 Mil) to Dec. 2023 ($141.70 Mil) but then increased from Dec. 2023 ($141.70 Mil) to Dec. 2024 ($157.30 Mil).

Targa Resources Cash And Cash Equivalents Historical Data

The historical data trend for Targa Resources's Cash And Cash Equivalents can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Targa Resources Cash And Cash Equivalents Chart

Targa Resources Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Cash And Cash Equivalents

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242.80

158.50

219.00

141.70

157.30

Targa Resources Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Cash And Cash Equivalents	Get a 7-Day Free Trial															109.90	166.40	127.20	157.30	151.40

Targa Resources Cash And Cash Equivalents Calculation

Cash and cash equivalents are the most liquid assets on the balance sheet. Cash equivalents are assets that are readily convertible into cash, such as money market holdings, short-term government bonds or Treasury bills, marketable securities and commercial paper.

Targa Resources (NYSE:TRGP) Cash And Cash Equivalents Explanation

A high number means either:

1) The company has competitive advantage generating lots of cash

2) Just sold a business or bonds (not necessarily good)

A low stockpile of cash usually means poor to mediocre economics.

There are 3 ways to create large cash reserve.

1) Sell new bonds or equity to public

2) Sell business or asset

3) It has an ongoing business generating more cash than it burns (usually means durable competitive advantage)

When a company is suffering a short term problem, Buffett looks at cash or marketable securities to see whether it has the financial strength to ride it out.

Important: Lots of cash and marketable securities + little debt = good chance that the business will sail on through tough times.

Test to see what is creating cash by looking at past 7 yrs of balance sheets. This will reveal how the cash was created.

Be Aware

Depreciation estimates make the calculation of net income susceptible to management's accounting choices. These choices can be either overly aggressive or overly conservative.

Targa Resources Cash And Cash Equivalents Related Terms

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Targa Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Targa Resources Corp (NYSE:TRGP) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

TRGP:Mexico 0LD9:UK TAR:Germany TAR:Germany

Address

811 Louisiana Street, Suite 2100, Houston, TX, USA, 77002

Website

https://www.targaresources.com

Targa Resources is a midstream firm that primarily operates gathering and processing assets with substantial positions in the Permian, Stack, Scoop, and Bakken plays. It has fractionation capacity at Mont Belvieu and operates a liquefied petroleum gas export terminal. The Grand Prix natural gas liquids pipeline is another important asset.

Executives

Paul W Chung	officer: EVP, Gen. Counsel & Secretary	TARGA RESOURCES PARTNERS LP, 1000 LOUISIANA STREET, SUITE 4300, HOUSTON TX 77002
Lindsey Cooksen	director	811 LOUISIANA STREET, SUITE 2100, HOUSTON TX 77002
D. Scott Pryor	officer: See Remarks	1000 LOUISIANA, SUITE 4300, HOUSTON TX 77002
Jennifer R. Kneale	officer: Chief Financial Officer	811 LOUISIANA STREET, SUITE 2100, HOUSTON TX 77002
Davis Waters S Iv	director	10200 ALLIANCE ROAD, SUITE 200, CINCINNATI OH 45242
Matthew J Meloy	officer: Executive VP, CFO & Treasurer	1000 LOUISIANA, SUITE 4300, HOUSTON TX 77002
Charles R Crisp	director	1301 MCKINNEY STE 700, HOUSTON TX 77010
Robert Muraro	officer: See Remarks	1000 LOUISIANA, SUITE 4300, HOUSTON TX 77002
Julie H. Boushka	officer: Senior VP and CAO	811 LOUISIANA, SUITE 2100, HOUSTON TX 77002
Joe Bob Perkins	director, officer: Chief Executive Officer	TARGA RESOURCES PARTNERS, LP, 1000 LOUISIANA ST., SUITE 4300, HOUSTON TX 77002
Redd Ershel C Jr	director	C/O EL PASO ELECTRIC COMPANY, 100 N. STANTON, EL PASO TX 79901
G Clark White	officer: EVP - Engineering & Operations	1000 LOUISIANA STREET, SUITE 4300, HOUSTON TX 77002
Regina Gregory	officer: See Remarks	2013 CITYWEST BLVD, BUILDING 4 SUITE 800, HOUSTON TX 77042
Rene R Joyce	director	P.O. BOX 130430, HOUSTON TX 77219-0430
Patrick J. Mcdonie	officer: See Remarks	110 W. 7TH STREET, SUITE 2300, TULSA OK 74119