Targa Resources Corp.
Close on Nov 2, 2026Market cap $63.20BP/E 28.1Yield 1.27%
Targa Resources Investments in Unconsolidated Affiliates (JVs) by Year
Investments in Unconsolidated Affiliates (JVs) — Carrying Balance ($M)
Targa Resources Investments in Unconsolidated Affiliates (JVs): $307M in FY2025, up 58.9% from a year earlier.
Where the FY2025 figure comes from
“|| Total | $ | 193.3 | $ | 11.8 | $ | ( 28.5 | ) | $ | 130.5 | $ | 307.1”
Carrying balance of equity-method joint ventures: Little Missouri 4 (50%), Gulf Coast Fractionators (38.8%), Cayenne Pipeline (50%), and Blackcomb Pipeline (17.5%).
Annual history
Hover a value to see the sentence it was read from; calculated values show their formula
| Period | Ended | Investments in Unconsolidated Affiliates (JVs) — Carrying Balance ($M) | Year on year | Source |
|---|---|---|---|---|
| FY2025 | Dec 31, 2025 | 307 | +58.9% | FY2025 Form 10-K (2026-02-19) ↗ |
| FY2024 | Dec 31, 2024 | 193 | +32.1% | FY2025 Form 10-K (2026-02-19) ↗ |
| FY2023 | Dec 31, 2023 | 146 | +11.4% | FY2025 Form 10-K (2026-02-19) ↗ |
| FY2022 | Dec 31, 2022 | 131 | -77.6% | FY2024 Form 10-K (2025-02-20) ↗ |
| FY2021 | Dec 31, 2021 | 587 | -17.9% | FY2023 Form 10-K (2024-02-15) ↗ |
| FY2020 | Dec 31, 2020 | 714 | -3.3% | FY2022 Form 10-K (2023-02-22) ↗ |
| FY2019 | Dec 31, 2019 | 739 | +50.6% | FY2021 Form 10-K (2022-02-24) ↗ |
| FY2018 | Dec 31, 2018 | 491 | – | FY2020 Form 10-K (2021-02-18) ↗ |
Breakdown
What makes up investments in Unconsolidated Affiliates (JVs)
- Little Missouri 4 LLC (50% Operated Badlands Plant JV) — Investment Balance93.7 · FY2025
- Gulf Coast Fractionators (38.8% Operated JV) — Investment Balance69.2 · FY2025
- Cayenne Pipeline LLC (50% Operated JV) — Investment Balance12.3 · FY2025
- Blackcomb & Traverse Pipelines JV (17.5% Interest) — Investment Balance132 · FY2025
- Total Unconsolidated Affiliates — Equity Earnings11.8 · FY2025
- Total Unconsolidated Affiliates — Cash Distributions Received28.5 · FY2025
- Total Unconsolidated Affiliates — Annual Capital Contributions131 · FY2025
Cite this data
StockData. (2026). Targa Resources Investments in Unconsolidated Affiliates (JVs) ($M), annual FY2018–FY2025 [Data set]. Compiled from Targa Resources SEC filings and investor materials. https://stockdatahq.com/stocks/trgp/kpis/affil-total-balance
See every metric in the Targa Resources KPI table. Data updated Nov 3, 2026.