Targa Resources (TRGP) Financials: History & Chart

Targa Resources Corp.(TRGP)

Oil & Gas Midstream · Houston, TX

$290.54-1.65 (-0.57%)

Delayed quote: Sep 21, 2026, 3:10 PM EDT

About Targa Resources Corp.

Targa Resources Corp., alongside its subsidiary Targa Resources Partners LP, is a significant entity in the North American midstream energy sector, focusing on the ownership, operation, acquisition, and development of crucial energy infrastructure assets. Its business is structured into two main divisions: "Gathering and Processing" and "Logistics and Transportation." Within these segments, the company undertakes a broad range of activities, including the collection, compression, treatment, processing, transport, and sale of natural gas. It also manages the storage, fractionation, treatment, transportation, and distribution of natural gas liquids (NGLs) and their associated products, providing services even to liquefied petroleum gas (LPG) exporters. Furthermore, Targa handles the gathering, storage, terminaling, purchasing, and selling of crude oil. Beyond these core operations, the company is involved in the procurement and resale of NGL products, wholesale propane distribution, and providing related logistics support to a diverse clientele, including multi-state retailers, independent businesses, and end-users. It also offers NGL balancing services and transportation solutions for refineries and petrochemical companies situated in the Gulf Coast region, while actively purchasing, marketing, and reselling natural gas. The company's extensive asset base features approximately 28,400 miles of natural gas pipelines, including 42 owned and managed processing plants, and it operates 34 storage wells with a substantial gross capacity of about 76 million barrels. As of December 31, 2021, its transportation fleet comprised approximately 648 leased and managed railcars, 119 transport tractors, and two company-owned pressurized NGL barges. Targa Resources Corp. was established in 2005 and is headquartered in Houston, Texas.

Houston, TX

3,570 employees

www.targaresources.com

Energy / Oil & Gas Midstream

Sector: Energy
Industry: Oil & Gas Midstream
CEO: Matthew J. Meloy

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Financials

SEC Filings

Quarterly Income Statement (USD)

Swipe horizontally to review earlier periods. The line-item column stays pinned.

Quarterly Report	TTM	Quarter ended Jun 2026	Quarter ended Mar 2026	Quarter ended Dec 2025	Quarter ended Sep 2025	Quarter ended Jun 2025	Quarter ended Mar 2025	Quarter ended Dec 2024	Quarter ended Sep 2024
Revenue	16.79B	4.44B	4.09B	4.06B	4.20B	4.03B	4.85B	4.41B	3.89B
Cost of Goods Sold	10.65B	2.30B	2.82B	2.31B	3.22B	3.13B	3.93B	3.30B	3.02B
Gross Profit	6.14B	2.14B	1.27B	1.75B	978.30M	892.90M	923.80M	1.10B	864.50M
Gross Profit Margin	36.6%	48.2%	31.1%	43.1%	23.3%	22.2%	19.0%	25.1%	22.2%
Total Operating Expenses	2.25B	903.60M	427.30M	830.50M	93.60M	84.30M	87.70M	403.70M	100.50M
Research & Development	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Selling, General & Administrative	432.40M	108.10M	107.80M	111.70M	104.80M	95.00M	94.50M	97.50M	102.60M
Operating Income (EBIT)	3.88B	1.23B	846.90M	917.40M	884.70M	808.60M	836.10M	700.50M	764.00M
Operating Margin	23.1%	27.8%	20.7%	22.6%	21.1%	20.1%	17.2%	15.9%	19.7%
Income Before Tax (EBT)	2.47B	550.50M	611.30M	692.20M	620.90M	821.30M	352.00M	524.40M	545.10M
Interest Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	673.90M	236.60M	N/A	216.00M	221.30M	218.40M	197.10M	177.70M	184.90M
Other Income/Expense	-1.41B	-684.00M	-235.60M	-225.20M	-263.80M	12.70M	-484.10M	-176.10M	-218.90M
Net Income	2.26B	764.60M	479.60M	545.00M	475.50M	625.10M	198.80M	351.00M	384.50M
Income Tax Expense	170.10M	-227.20M	123.90M	139.10M	134.30M	184.10M	72.20M	110.40M	97.00M
Net Profit Margin	13.5%	17.2%	11.7%	13.4%	11.3%	15.5%	4.1%	8.0%	9.9%
EBITDA	5.54B	1.69B	1.27B	1.31B	1.27B	1.18B	1.20B	1.08B	1.12B
EBITDA Margin	33.0%	38.0%	31.1%	32.3%	30.2%	29.4%	24.8%	24.5%	28.8%
Depreciation & Amortization	1.65B	453.10M	426.00M	390.50M	383.50M	373.70M	367.60M	378.50M	356.40M
EPS Basic	10.53	3.56	2.23	2.53	2.21	2.89	0.91	1.45	1.76
EPS Diluted	10.50	3.56	2.21	2.53	2.20	2.88	0.91	1.45	1.75
Weighted Average Basic Shares	215.00M	215.00M	215.00M	215.00M	215.20M	216.60M	217.90M	220.20M	219.00M
Weighted Average Diluted Shares	215.00M	215.00M	215.00M	215.00M	216.00M	217.30M	218.70M	221.30M	220.00M

Annual Income Statement (USD)

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Annual Report	12/31/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018
Revenue	17.14B	16.63B	15.62B	21.68B	17.44B	8.27B	8.67B	10.55B
Cost of Goods Sold	12.59B	13.30B	13.08B	18.89B	15.35B	6.75B	7.18B	9.78B
Gross Profit	4.54B	3.33B	2.54B	2.79B	2.09B	1.52B	1.49B	778.80M
Gross Profit Margin	26.5%	20.0%	16.2%	12.9%	12.0%	18.4%	17.2%	7.4%
Total Operating Expenses	1.10B	381.40M	348.60M	309.70M	273.30M	257.20M	1.30B	260.50M
Research & Development	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Selling, General & Administrative	406.00M	384.90M	348.70M	309.70M	273.20M	254.60M	280.70M	256.90M
Operating Income (EBIT)	3.45B	2.94B	2.19B	2.48B	1.82B	1.27B	192.90M	518.30M
Operating Margin	20.1%	17.7%	14.0%	11.5%	10.4%	15.3%	2.2%	4.9%
Income Before Tax (EBT)	2.49B	1.94B	1.94B	1.66B	436.90M	-1.57B	-46.70M	65.90M
Interest Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	852.80M	767.20M	687.80M	446.10M	387.90M	391.30M	337.80M	257.90M
Other Income/Expense	-960.40M	-1.01B	-244.20M	-820.70M	-1.38B	-2.84B	-239.60M	-452.40M
Net Income	1.84B	1.27B	828.20M	1.14B	71.20M	-1.55B	-209.20M	1.60M
Income Tax Expense	529.70M	384.50M	363.20M	131.80M	14.80M	-248.10M	-87.90M	5.50M
Net Profit Margin	10.8%	7.6%	5.3%	5.3%	0.4%	-18.8%	-2.4%	0.0%
EBITDA	4.96B	4.38B	3.52B	3.58B	2.69B	2.13B	1.16B	1.34B
EBITDA Margin	29.0%	26.3%	22.6%	16.5%	15.5%	25.8%	13.4%	12.7%
Depreciation & Amortization	1.52B	1.43B	1.34B	1.10B	874.60M	868.70M	971.60M	819.60M
EPS Basic	8.54	5.77	3.69	3.95	-0.07	-7.26	-1.44	-0.53
EPS Diluted	8.52	5.74	3.66	3.88	-0.07	-7.26	-1.44	-0.53
Weighted Average Basic Shares	215.00M	220.20M	224.60M	227.30M	228.60M	232.20M	232.50M	224.20M
Weighted Average Diluted Shares	215.00M	221.30M	226.00M	231.10M	228.60M	232.20M	232.50M	224.20M

Values are displayed in USD. Negative numbers shown in red.

Values are displayed in USD. Negative numbers are shown in red.