Document and Entity Information - USD ($) $ in Millions |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2024 |
Feb. 14, 2025 |
Jun. 30, 2024 |
|
| Cover [Abstract] | |||
| Entity Registrant Name | TARGA RESOURCES CORP. | ||
| Trading Symbol | TRGP | ||
| Entity Central Index Key | 0001389170 | ||
| Current Fiscal Year End Date | --12-31 | ||
| Entity Filer Category | Large Accelerated Filer | ||
| Entity Common Stock, Shares Outstanding | 218,106,765 | ||
| Document Fiscal Year Focus | 2024 | ||
| Document Fiscal Period Focus | FY | ||
| Document Type | 10-K | ||
| Amendment Flag | false | ||
| Document Period End Date | Dec. 31, 2024 | ||
| Entity Small Business | false | ||
| Entity Shell Company | false | ||
| Entity Emerging Growth Company | false | ||
| Entity Current Reporting Status | Yes | ||
| Entity Tax Identification Number | 20-3701075 | ||
| Entity File Number | 001-34991 | ||
| Entity Address, Address Line One | 811 Louisiana Street | ||
| Entity Address, Address Line Two | Suite 2100 | ||
| Entity Address, City or Town | Houston | ||
| Entity Address, State or Province | TX | ||
| Entity Address, Postal Zip Code | 77002 | ||
| City Area Code | 713 | ||
| Local Phone Number | 584-1000 | ||
| Entity Interactive Data Current | Yes | ||
| Title of 12(b) Security | Common Stock | ||
| Security Exchange Name | NYSE | ||
| Entity Incorporation, State or Country Code | DE | ||
| Document Annual Report | true | ||
| Document Transition Report | false | ||
| Entity Well-known Seasoned Issuer | Yes | ||
| Entity Public Float | $ 27,824.1 | ||
| Entity Voluntary Filers | No | ||
| ICFR Auditor Attestation Flag | true | ||
| Document Financial Statement Error Correction [Flag] | false | ||
| Auditor Firm ID | 238 | ||
| Auditor Name | PricewaterhouseCoopers LLP | ||
| Auditor Location | Houston, Texas | ||
| Documents Incorporated by Reference | DOCUMENTS INCORPORATED BY REFERENCE
Portions of the registrant’s definitive proxy statement for the 2025 Annual Meeting of Stockholders, to be filed no later than 120 days after the end of the fiscal year to which this Annual Report on Form 10-K relates, are incorporated by reference into Part III of this Annual Report on Form 10-K.
Total number of pages (excluding Exhibits): 137 |
||
| Auditor Opinion | Opinions on the Financial Statements and Internal Control over Financial Reporting We have audited the accompanying consolidated balance sheets of Targa Resources Corp. and its subsidiaries (the “Company”) as of December 31, 2024 and 2023, and the related consolidated statements of operations, of comprehensive income (loss), of changes in owners’ equity and series A preferred stock and of cash flows for each of the three years in the period ended December 31, 2024, including the related notes (collectively referred to as the “consolidated financial statements”). We also have audited the Company’s internal control over financial reporting as of December 31, 2024, based on criteria established in Internal Control - Integrated Framework (2013) issued by the Committee of Sponsoring Organizations of the Treadway Commission (COSO). In our opinion, the consolidated financial statements referred to above present fairly, in all material respects, the financial position of the Company as of December 31, 2024 and 2023, and the results of its operations and its cash flows for each of the three years in the period ended December 31, 2024 in conformity with accounting principles generally accepted in the United States of America. Also in our opinion, the Company maintained, in all material respects, effective internal control over financial reporting as of December 31, 2024, based on criteria established in Internal Control - Integrated Framework (2013) issued by the COSO. |