Targa Resources Corp. (TRGP) Net Income
The trailing-twelve-month (TTM) net income for Targa Resources Corp. (TRGP) is $2.13 Billion with a year-over-year change of +72.71%. Net income represents the company's bottom line profit after all expenses, taxes, and interest.
TRGP Annual Net Income
Net Income (TTM)
$2.13B
$2.13 Billion
Year-over-Year Change
+72.71%
vs. $1.23B a year ago (TTM)
Net Income CAGR
+45.12%
5 Year compound annual growth rate
Net Income CAGR (Compound Annual Growth Rate)
1 Year
+72.71%
3 Year
+24.03%
5 Year
+45.12%
10 Year
+44.90%
15 Year
+42.17%
20 Year
N/A
CAGR shows the annualized growth rate over the specified period, smoothing out year-to-year volatility.
Annual Net Income History
| Year | Net Income | YoY Change | % Change |
|---|---|---|---|
| 2025 | $1.84B | +$574.90M | +45.29% |
| 2024 | $1.27B | +$441.30M | +53.28% |
| 2023 | $828.20M | ($314.10M) | (27.50%) |
| 2022 | $1.14B | +$1.07B | +1504.35% |
| 2021 | $71.20M | +$1.63B | — |
| 2020 | ($1.55B) | ($1.34B) | — |
| 2019 | ($209.20M) | ($210.80M) | (13175.00%) |
| 2018 | $1.60M | ($52.40M) | (97.04%) |
| 2017 | $54.00M | +$241.30M | — |
| 2016 | ($187.30M) | ($245.60M) | (421.27%) |
Net Income Growth Summary
TTM Growth
+72.71%
3-Year Avg Growth
+24.03%
5-Year Avg Growth
+45.12%
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.
- Sector
- Energy
- Industry
- Oil & Gas Midstream
- CEO
- Matthew J. Meloy