TRGP · 8-K · 20260806PR336525

Liquidity and Debt Position

Targa Resources Corp. · 2026-08-06 · Importance 37 · Surprise 6 · In source text

Total consolidated debt was $19,578 million as of June 30, 2026, net of $128 million of debt issuance costs and $39 million of unamortized discount. Debt included $17,900 million of senior unsecured notes, $600 million of commercial paper, $451 million under the accounts receivable securitization facility, and $794 million of finance lease liabilities. Total liquidity was approximately $3.2 billion, consisting of $2.9 billion available under the TRGP Revolver, $149 million under the securitization facility, and $132 million of cash. In July 2026, Targa extended the securitization facility termination date to July 30, 2027 and increased borrowing capacity to up to $800 million.

Key facts

• Adjusted cash flow from operations for Q2 2026 was $1,371.0 million, up $436.6 million or 47% from $934.4 million in Q2 2025. source
• In July 2026, Targa amended the Securitization Facility to extend the facility termination date to July 30, 2027 and increase borrowing capacity to up to $800 million. source
• Total consolidated liquidity as of June 30, 2026 was approximately $3.2 billion, including $2.9 billion available under the TRGP Revolver, $149 million under the Securitization Facility and $132 million of cash. source
• Total consolidated debt as of June 30, 2026 was $19,578 million, net of $128 million of debt issuance costs and $39 million of unamortized discount. source
• $17,900 million of outstanding senior unsecured notes were included in total consolidated debt as of June 30, 2026. source
• $600 million was outstanding under the Commercial Paper Program as of June 30, 2026. source
• $451 million was outstanding under the accounts receivable securitization facility as of June 30, 2026. source
• Adjusted free cash flow for Q2 2026 was $205.3 million compared to $(9.6) million in Q2 2025. source

Impact estimates