Targa Resources 's Cash & cash equivalent grew by 32.17 % in the Q2 2026 sequentially, faster than Current Liabilities, this led to improvement in Targa Resources 's Quick Ratio to 0.04, Quick Ratio remained below Targa Resources Corp average.

Within Natural Gas Utilities industry 23 other companies have achieved higher Quick Ratio than Targa Resources in second quarter 2026. While Quick Ratio total ranking has improved so far during the Q2 2026 to 4072, from total ranking in the first quarter 2026 at 4092.

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TRGP Quick Ratio	(Jun 30 2026) Q2	(Mar 31 2026) Q1	(Dec 31 2025) Q4	(Sep 30 2025) Q3	(Jun 30 2025) Q2
Y / Y Current Liabilities Change	7.38 %	6.18 %	11.79 %	12.18 %	9.9 %
Y / Y Cash & cash equivalent Change	16.98 %	-33.88 %	5.59 %	-2.44 %	-32.03 %
Quick Ratio MRQ	0.04	0.03	0.05	0.04	0.04
TRGP's Total Ranking	# 4072	# 4092	# 2542	# 3625	# 3545
Seq. Current Liabilities Change	0.45 %	-4.25 %	20.34 %	-7.22 %	-0.67 %
Seq. Cash & cash equivalent Change	32.17 %	-39.74 %	33.84 %	9.73 %	-25.3 %

Quick Ratio second quarter 2026 Company Ranking
Within:	No.
Natural Gas Utilities Industry	# 24
Utilities Sector	# 76
Overall Market	# 4072

Quick Ratio Statistics
High	Average	Low
7.4	0.35	0.03
(Dec 31 2011)		(Mar 31 2026)

Financial Statements
Targa Resources 's Current Liabilities	$ 3,411 Millions	Visit TRGP's Balance sheet
Targa Resources 's Cash & cash equivalent	$ 132 Millions	Visit TRGP's Balance sheet
Source of TRGP's Sales		Visit TRGP's Sales by Geography

Cumulative Targa Resources 's Quick Ratio

TRGP's Quick Ratio for the trailling 12 Months

TRGP Quick Ratio	(Jun 30 2026) 12 Months	(Mar 31 2026) 12 Months	(Dec 31 2025) 12 Months	(Sep 30 2025) 12 Months	(Jun 30 2025) 12 Months
Y / Y Current Liabilities TTM Growth	9.25 %	9.91 %	11.85 %	12.63 %	9.21 %
Y / Y Cash & cash equivalent TTM Growth	-4.81 %	-16.42 %	-1.09 %	0.13 %	-1.52 %
Quick Ratio TTM	0.04	0.04	0.04	0.04	0.05
Total Ranking TTM	# 4182	# 4125	# 3166	# 3319	# 3227
Seq. Current Liabilities TTM Growth	1.79 %	1.54 %	2.99 %	2.63 %	2.41 %
Seq. Cash & cash equivalent TTM Growth	3.81 %	-9.25 %	1.61 %	-0.56 %	-8.85 %

Quick ratio ranking by company, industry and sector >> Back to TRGP Financial Strength Comparisons >> Go to Compare TRGP Quick Ratio to its Competitors

On the trailing twelve months basis In Spite of the rise in Current Liabilities in the Q2 2026 to $3,411.10 millions, cumulative Quick Ratio remained unchanged at 0.04 below the Targa Resources Corp average Quick Ratio.
Quick Ratio is the average cumulative value over the last four quarters.

Among companies operating within Natural Gas Utilities industry 42 other companies have achieved higher Quick Ratio than Targa Resources . While Quick Ratio total ranking has deteriorated compared to the previous twelve months ending in the first quarter 2026 from 4125 to 4182.

Explain Quick Ratio?
How much Cash & cash equivalents TRGP�s has?
What are TRGP�s Current Liabilities?

TTM Quick Ratio Company Ranking
Within:	No.
Within the Natural Gas Utilities Industry	# 43
Utilities Sector	# 114
Within the Market	# 4182

trailing twelve months Quick Ratio Statistics
High	Average	Low
0.26	0.12	0.04
(Sep 30 2012)		(Mar 31 2026)

Companies with similar Quick Ratio in the quarter ending Jun 30 2026, within Natural Gas Utilities Industry	Quick Ratio	Jun 30 2026 MRQ Cash & cash equivalent	Jun 30 2026 MRQ Current Liabilities
Western Midstream Partners Lp	0.08	$ 104.766 Millions	$ 1,249.150 Millions
Centuri Holdings Inc	0.08	$ 40.458 Millions	$ 490.158 Millions
Nextdecade Corporation	0.05	$ 83.678 Millions	$ 1,693.324 Millions
Northwest Natural Holding Company	0.04	$ 26.434 Millions	$ 647.087 Millions
Targa Resources Corp	0.04	$ 132.300 Millions	$ 3,411.100 Millions
New Jersey Resources Corporation	0.04	$ 33.955 Millions	$ 936.712 Millions
Delek Logistics Partners Lp	0.03	$ 13.705 Millions	$ 489.295 Millions
Genesis Energy Lp	0.02	$ 39.361 Millions	$ 1,655.426 Millions
Oneok Inc	0.02	$ 161.000 Millions	$ 7,204.000 Millions
New Fortress Energy Inc	0.02	$ 161.191 Millions	$ 8,699.257 Millions
Enterprise Products Partners L p	0.02	$ 345.000 Millions	$ 18,786.000 Millions
Kinder Morgan Inc	0.02	$ 89.000 Millions	$ 5,647.000 Millions
Kinetik Holdings Inc	0.02	$ 7.830 Millions	$ 512.396 Millions
Ngl Energy Partners Lp	0.01	$ 5.071 Millions	$ 644.715 Millions

Date modified: 2026-09-12T06:21:16+00:00

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