{
  "url": "https://struct.news/briefs/targas-profits-outran-sales-but-its-receivables-did-too",
  "title": "Targa’s profits outran sales, but its receivables did too",
  "summary": "Accounts receivable climbed 38.6% year over year as revenue rose just 4.2% in the three months ended June 30.",
  "published_at": "2026-08-06T19:07:59.318260+00:00",
  "publisher": "Struct",
  "usage": "Figures are as reported by the company. Quote with attribution to the source filing.",
  "company": {
    "name": "Targa Resources, Inc.",
    "ticker": "TRGP",
    "cik": "1193125",
    "sector": "Energy",
    "industry": "Oil & Gas Midstream"
  },
  "source_filing": {
    "form": "10-Q",
    "filed": "2026-08-06",
    "accession": "0001193125-26-337729",
    "url": "https://www.sec.gov/Archives/edgar/data/1389170/000119312526337729/trgp-20260630.htm"
  },
  "comparison_filing": {
    "form": "10-Q",
    "filed": "2025-08-07",
    "url": "https://www.sec.gov/Archives/edgar/data/1389170/000119312525175239/trgp-20250630.htm"
  },
  "reported_figures": [
    {
      "group": "The filing in three numbers",
      "label": "Revenue",
      "value": 17028300000,
      "display": "$17.0B",
      "unit": "usd",
      "period": "2025-12-31",
      "detail": null,
      "source": {
        "kind": "sec_filing",
        "label": "Filed company results",
        "form": "10-Q",
        "accession": "0001193125-26-337729",
        "filing_date": "2026-08-06"
      }
    },
    {
      "group": "The filing in three numbers",
      "label": "Revenue YoY",
      "value": 3.9483563776210984,
      "display": "+3.9%",
      "unit": "percent",
      "period": "2025-12-31",
      "detail": null,
      "source": {
        "kind": "jodie_calculation",
        "label": "Calculated from filed company results",
        "form": "10-Q",
        "accession": "0001193125-26-337729",
        "filing_date": "2026-08-06"
      }
    },
    {
      "group": "The filing in three numbers",
      "label": "Operating margin",
      "value": 19.562727929388135,
      "display": "+19.6%",
      "unit": "percent",
      "period": "2025-12-31",
      "detail": null,
      "source": {
        "kind": "jodie_calculation",
        "label": "Calculated from filed company results",
        "form": "10-Q",
        "accession": "0001193125-26-337729",
        "filing_date": "2026-08-06"
      }
    }
  ],
  "watch_next": [
    {
      "type": "capital_investment",
      "statement": "Growth capital expenditures increased 12.4% year over year and equaled 22.4% of revenue, alongside higher construction activity during 2026.",
      "importance": "medium",
      "evidence": "The increase in growth capital expenditures was primarily due to higher construction activities during 2026.",
      "source_date": "2026-08-06"
    },
    {
      "type": "interest_rates",
      "statement": "Net interest expense increased because borrowings were higher, partly offset by increased capitalized interest.",
      "importance": "medium",
      "evidence": "The increase in interest expense, net, was primarily due to higher borrowings, partially offset by an increase in capitalized interest.",
      "source_date": "2026-08-06"
    }
  ],
  "related_tickers": [
    "TRGP"
  ],
  "disclaimer": "Descriptive reporting of filed results. Not investment advice, and contains no forecast or recommendation."
}