Targa Resources (TRGP) risk factors
Item 1A of every Targa Resources Corp. 10-K on file, and what changed from one year to the next. Readings are automated and can be wrong; check the filing for the exact wording.
- FY2025 10-K risk factors48 risks3 new5 dropped16 reworded
Third-party infrastructure outages, CAMT guidance changes and debt covenant defaults are newly highlighted threats to transport revenue, taxes and liquidity.
Filed Feb 19, 2026 - FY2024 10-K risk factors50 risks
Targa Resources faces heavy exposure to commodity price volatility and supply-demand swings for natural gas, NGLs, and crude oil. The company relies heavily on gathering and processing infrastructure subject to age-related maintenance, safety regulations, and weather disruptions. Growth depends on successful acquisitions and joint ventures while managing substantial indebtedness, tax liabilities, and inflationary cost pressures.
Filed Feb 20, 2025