Targa Resources Corp. (TRGP) Spending and interest coverage
- R&D / revenue · 12 months: Value (m); Formula and calculation Research and development expense / revenue. Period ending 2026-06-30..
- Stock-based compensation / revenue · 12 months: Value 0.45%; Formula and calculation Share-based compensation / revenue. Period ending 2026-06-30..
- Interest coverage · 12 months: Value (m); Formula and calculation Estimated: average term debt × dated USD coupon proxy + average commercial paper × matching-currency disclosed rate at or before period end. Swaps, foreign-exchange, lease interest and amortization are not quantified..
Spending and interest coverage
Overview →Financial period ending 2026-06-30; current quote (m). Amounts retain their stated periods and units.
| Metric | Value | Formula and calculation |
|---|---|---|
| R&D / revenue · 12 months | (m) | Research and development expense / revenue. Period ending 2026-06-30. Calculation unavailable: missing inputs remain (m). |
| Stock-based compensation / revenue · 12 months | 0.45% | Share-based compensation / revenue. Period ending 2026-06-30. $76.00M ÷ $16.74B × 100 ≈ 0.45% |
| Interest coverage · 12 months | (m) | Estimated: average term debt × dated USD coupon proxy + average commercial paper × matching-currency disclosed rate at or before period end. Swaps, foreign-exchange, lease interest and amortization are not quantified. Calculation unavailable: missing inputs remain (m). |
Calculation inputs
| Input | Amount with unit | Raw financial data |
|---|---|---|
| Research and development spending | (m) | |
| Revenue | 16.74B USD | Revenue from Contract with Customer, Excluding Assessed Tax |
| Stock-based compensation | 76.00M USD | Share-based Payment Arrangement, Noncash Expense |
| Operating income | 3.84B USD | Operating Income (Loss) |
| Interest expense · reported / estimated | (m) | Interest Expense · Estimated expense assumptions |
Latest interest expense basis: (m). Estimated values carry *; expand each history row’s basis for its dated balances and rate assumptions.
Calculated history
Changes compare with the next older row (previous quarter), unless explicitly labeled otherwise. Rolling 12-month growth compares two successive quarter-end rolling totals; it is not year-over-year growth.
| Period ending | Research and development spending (USD) | Revenue (USD) | Stock-based compensation (USD) | Operating income (USD) | Interest expense · reported / estimated (USD) | R&D / revenue | SBC / revenue | Interest coverage | Interest expense basis |
|---|---|---|---|---|---|---|---|---|---|
| 2026-06-30 | (m) | $16.74B | $76.00M | $3.84B | (m) | (m) | 0.45% | (m) | (m) |
| 2026-03-31 | (m) | $16.56B | $75.10M | $3.63B | (m) | (m) | 0.45% | (m) | (m) |
| 2025-12-31 | (m) | $17.03B | $69.50M | $3.33B | (m) | (m) | 0.41% | (m) | (m) |
| 2025-09-30 | (m) | $15.13B | $68.00M | $3.11B | (m) | (m) | 0.45% | (m) | (m) |
| 2025-06-30 | (m) | $15.92B | $68.20M | $3.01B | (m) | (m) | 0.43% | (m) | (m) |
| 2025-03-31 | (m) | $14.71B | $66.20M | $2.60B | (m) | (m) | 0.45% | (m) | (m) |
| 2024-12-31 | (m) | $14.14B | $63.20M | $2.70B | (m) | (m) | 0.45% | (m) | (m) |
| 2024-09-30 | (m) | $15.62B | $64.10M | $2.63B | (m) | (m) | 0.41% | (m) | (m) |
| 2024-06-30 | (m) | $14.04B | $62.10M | $2.41B | (m) | (m) | 0.44% | (m) | (m) |
| 2024-03-31 | (m) | $13.71B | $62.00M | $2.43B | (m) | (m) | 0.45% | (m) | (m) |
| 2023-12-31 | (m) | $13.52B | $62.40M | $2.63B | (m) | (m) | 0.46% | (m) | (m) |
| 2023-09-30 | (m) | $13.97B | $61.40M | $2.54B | (m) | (m) | 0.44% | (m) | (m) |
| 2023-06-30 | (m) | $15.65B | $60.20M | $2.47B | (m) | (m) | 0.38% | (m) | (m) |
| 2023-03-31 | (m) | $18.73B | $59.00M | $2.27B | (m) | (m) | 0.31% | (m) | (m) |
| 2022-12-31 | (m) | $19.82B | $57.50M | $1.73B | (m) | (m) | 0.29% | (m) | (m) |
| 2022-09-30 | (m) | $20.92B | $56.40M | $1.09B | (m) | (m) | 0.27% | (m) | (m) |
| 2022-06-30 | (m) | $20.08B | $56.60M | $1.02B | (m) | (m) | 0.28% | (m) | (m) |
| 2022-03-31 | (m) | $17.48B | $57.70M | $816.50M | (m) | (m) | 0.33% | (m) | (m) |
| 2021-12-31 | (m) | $16.09B | $59.20M | $864.80M | (m) | (m) | 0.37% | (m) | (m) |
| 2021-09-30 | (m) | $13.22B | $61.30M | $1.22B | (m) | (m) | 0.46% | (m) | (m) |
| 2021-06-30 | (m) | $10.75B | $63.00M | $1.15B | (m) | (m) | 0.59% | (m) | (m) |
| 2021-03-31 | (m) | $8.76B | $64.20M | $1.12B | (m) | (m) | 0.73% | (m) | (m) |
| 2020-12-31 | (m) | $6.87B | $66.20M | $-1.30B | (m) | (m) | 0.96% | (m) | (m) |
| 2020-09-30 | (m) | $6.70B | $60.80M | $-1.59B | (m) | (m) | 0.91% | (m) | (m) |
| 2020-06-30 | (m) | $6.62B | $60.70M | $-1.85B | (m) | (m) | 0.92% | (m) | (m) |
| 2020-03-31 | (m) | $7.05B | $60.80M | $-1.95B | (m) | (m) | 0.86% | (m) | (m) |
| 2019-12-31 | (m) | $7.40B | $60.30M | $192.90M | (m) | (m) | 0.82% | (m) | (m) |
| 2019-09-30 | (m) | $8.79B | $64.60M | $135.90M | (m) | (m) | 0.73% | (m) | (m) |
| 2019-06-30 | (m) | $9.88B | $62.10M | $170.90M | (m) | (m) | 0.63% | (m) | (m) |
| 2019-03-31 | (m) | $10.33B | $59.60M | $212.50M | (m) | (m) | 0.58% | (m) | (m) |
| 2018-12-31 | (m) | $10.48B | $56.30M | $237.50M | (m) | (m) | 0.54% | (m) | (m) |
| 2018-09-30 | (m) | (m) | $51.30M | $431.70M | (m) | (m) | (m) | (m) | (m) |
| 2018-06-30 | (m) | (m) | $47.70M | $31.70M | (m) | (m) | (m) | (m) | (m) |
| 2018-03-31 | (m) | (m) | $44.70M | $-86.60M | (m) | (m) | (m) | (m) | (m) |
| 2017-12-31 | (m) | (m) | $42.30M | $-122.40M | (m) | (m) | (m) | (m) | (m) |
| 2017-09-30 | (m) | (m) | $39.20M | $-333.60M | (m) | (m) | (m) | (m) | (m) |
| 2017-06-30 | (m) | (m) | $36.00M | $41.50M | (m) | (m) | (m) | (m) | (m) |
| 2017-03-31 | (m) | (m) | $32.50M | $70.80M | (m) | (m) | (m) | (m) | (m) |
| 2016-12-31 | (m) | (m) | $29.70M | $55.80M | (m) | (m) | (m) | (m) | (m) |
| 2016-09-30 | (m) | (m) | $28.20M | $-53.40M | (m) | (m) | (m) | (m) | (m) |
| 2016-06-30 | (m) | (m) | $27.80M | $10.40M | (m) | (m) | (m) | (m) | (m) |
| 2016-03-31 | (m) | (m) | $27.10M | $56.60M | (m) | (m) | (m) | (m) | (m) |
| 2015-12-31 | (m) | (m) | $25.00M | $159.30M | (m) | (m) | (m) | (m) | (m) |
| 2015-09-30 | (m) | (m) | $22.50M | $529.10M | (m) | (m) | (m) | (m) | (m) |
| 2015-06-30 | (m) | (m) | $19.20M | $582.50M | (m) | (m) | (m) | (m) | (m) |
| 2015-03-31 | (m) | (m) | $16.00M | $619.40M | (m) | (m) | (m) | (m) | (m) |
| 2014-12-31 | (m) | (m) | $14.30M | $640.50M | (m) | (m) | (m) | (m) | (m) |
| 2014-09-30 | (m) | (m) | $14.00M | $622.70M | $142.70M | (m) | (m) | 4.36× | Reported |
| 2014-06-30 | (m) | (m) | $13.90M | $542.20M | $139.20M | (m) | (m) | 3.90× | Reported |
| 2014-03-31 | (m) | (m) | $13.60M | $452.70M | $135.90M | (m) | (m) | 3.33× | Reported |
| 2013-12-31 | (m) | (m) | $13.20M | $368.20M | $134.10M | (m) | (m) | 2.75× | Reported |
| 2013-09-30 | (m) | (m) | $14.50M | $309.60M | $127.70M | (m) | (m) | 2.42× | Reported |
| 2013-06-30 | (m) | (m) | $15.50M | $280.30M | $124.30M | (m) | (m) | 2.26× | Reported |
| 2013-03-31 | (m) | (m) | $16.80M | $302.50M | $122.40M | (m) | (m) | 2.47× | Reported |
| 2012-12-31 | (m) | (m) | $17.50M | $336.30M | $120.80M | (m) | (m) | 2.78× | Reported |
| 2012-09-30 | (m) | (m) | $16.80M | $358.10M | $119.40M | (m) | (m) | 3.00× | Reported |
| 2012-06-30 | (m) | (m) | $16.30M | $369.90M | $116.20M | (m) | (m) | 3.18× | Reported |
| 2012-03-31 | (m) | (m) | $16.40M | $385.30M | $113.70M | (m) | (m) | 3.39× | Reported |
| 2011-12-31 | (m) | (m) | $15.20M | $351.10M | $111.70M | (m) | (m) | 3.14× | Reported |
| 2011-09-30 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2011-06-30 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2011-03-31 | (m) | (m) | (m) | $214.80M | (m) | (m) | (m) | (m) | (m) |
| 2010-12-31 | (m) | (m) | $13.40M | $196.10M | $110.90M | (m) | (m) | 1.77× | Reported |
| 2010-09-30 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2010-06-30 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2010-03-31 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2009-12-31 | (m) | (m) | $700.00K | $217.20M | $132.10M | (m) | (m) | 1.64× | Reported |
(m) means missing inputs. Historical market-based ratios use the saved close on or immediately before period ending and that period’s reported shares; current quotes are not substituted. Five-year projections repeat historical CAGR, not analyst forecasts.
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