Targa Resources Corp. (TRGP) Revenue CAGR:-2.29%(TTM)
Revenue CAGR uses precomputed financial statement history.
Over longer horizons, Targa Resources Corp.'s Revenue CAGR averages -7.12% over 3 years and 10.04% over 5 years.The TTM figure compares the trailing 12 months (sum of the latest four quarters) with the 12 months before that. Rows in the history table compare fiscal years, and the quarterly table compares single quarters; the three measure different windows and will differ. Revenue CAGR measures how Targa Resources Corp.'s top-line revenue has grown over time. Consistent revenue growth is a key indicator of business expansion and market share gains.
TRGP Revenue CAGR Chart
Targa Resources Corp. (TRGP)
TRGP Quarterly Revenue Growth (YoY)
Revenue growth vs the same quarter one year earlier, last 20 quarters.
TRGP Revenue CAGR History
| Year | Start Revenue | End Revenue | Change | % Change | CAGR |
|---|---|---|---|---|---|
| 2025 | $16.63B | $17.14B | +$509.30M | +3.06% | +3.06% |
| 2024 | $15.62B | $16.63B | +$1.01B | +6.45% | +6.45% |
| 2023 | $21.68B | $15.62B | $-6.07B | -27.97% | -27.97% |
| 2022 | $17.44B | $21.68B | +$4.24B | +24.33% | +24.33% |
| 2021 | $8.27B | $17.44B | +$9.17B | +110.82% | +110.82% |
| 2020 | $8.67B | $8.27B | $-398.60M | -4.60% | -4.60% |
| 2019 | $10.55B | $8.67B | $-1.88B | -17.85% | -17.85% |
| 2018 | $8.86B | $10.55B | +$1.69B | +19.07% | +19.07% |
| 2017 | $6.64B | $8.86B | +$2.22B | +33.40% | +33.40% |
| 2016 | $6.58B | $6.64B | +$67.00M | +1.02% | +1.02% |
| 2015 | $8.63B | $6.58B | $-2.05B | -23.74% | -23.74% |
| 2014 | $6.54B | $8.63B | +$2.09B | +32.00% | +32.00% |
| 2013 | $5.84B | $6.54B | +$695.90M | +11.92% | +11.92% |
| 2012 | $6.99B | $5.84B | $-1.16B | -16.52% | -16.52% |
| 2011 | $5.46B | $6.99B | +$1.53B | +28.09% | +28.09% |
| 2010 | $4.54B | $5.46B | +$924.80M | +20.39% | +20.39% |
| 2009 | $8.00B | $4.54B | $-3.46B | -43.29% | -43.29% |
Quarterly Revenue: QoQ & YoY
| Quarter | Value | QoQ | YoY |
|---|---|---|---|
| Q1 2026 | $4.09B | +1.0% | -15.6% |
| Q4 2025 | $4.06B | -3.5% | -7.9% |
| Q3 2025 | $4.20B | +4.4% | +8.1% |
| Q2 2025 | $4.03B | -17.0% | +11.3% |
| Q1 2025 | $4.85B | +10.2% | +6.4% |
| Q4 2024 | $4.41B | +13.4% | +4.1% |
| Q3 2024 | $3.89B | +7.4% | +0.1% |
| Q2 2024 | $3.62B | -20.7% | +12.8% |
| Q1 2024 | $4.56B | +7.8% | +6.2% |
| Q4 2023 | $4.23B | +9.0% | -7.1% |
| Q3 2023 | $3.88B | +21.0% | -27.6% |
| Q2 2023 | $3.21B | -25.3% | -48.5% |
| Q1 2023 | $4.30B | -5.7% | -13.3% |
| Q4 2022 | $4.55B | -15.0% | -16.3% |
| Q3 2022 | $5.36B | -14.0% | +18.0% |
| Q2 2022 | $6.23B | +25.7% | +76.8% |
QoQ = change vs the prior quarter; YoY = change vs the same quarter a year earlier.
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