Targa Resources Corp. (TRGP)
NYSE: TRGP · Real-Time Price · USD
255.07
-7.06 (-2.69%)
At close: May 29, 2026, 4:00 PM EDT
253.50
-1.57 (-0.62%)
After-hours: May 29, 2026, 7:52 PM EDT
Targa Resources Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
| 16,562 | 17,028 | 16,382 | 16,060 | 20,930 | 16,950 | |
Revenue Growth (YoY) | 1.10% | 3.95% | 2.00% | -23.27% | 23.48% | 105.20% |
Cost of Revenue | 10,973 | 11,806 | 11,879 | 11,754 | 17,795 | 14,477 |
Gross Profit | 5,589 | 5,222 | 4,503 | 4,306 | 3,135 | 2,473 |
Selling, General & Admin | 419.3 | 406 | 384.9 | 348.7 | 309.7 | 273.2 |
Depreciation & Amortization Expenses | 1,574 | 1,515 | 1,423 | 1,330 | 1,096 | 870.6 |
Other Operating Expenses | -39.2 | -30.3 | -0.4 | 1.5 | 0.2 | 464.7 |
Total Operating Expenses | 1,954 | 1,891 | 1,808 | 1,680 | 1,406 | 1,609 |
Operating Income | 3,635 | 3,331 | 2,695 | 2,626 | 1,729 | 864.8 |
Interest Income | 14.9 | 11.8 | 9.4 | 9 | 9.1 | -23.9 |
Interest Expense | -883.3 | -852.8 | -767.2 | -687.8 | -446.1 | -387.9 |
Other Non-Operating Income (Expense) | -20.7 | -3.8 | 0.4 | -4.9 | 470.4 | 17.1 |
Total Non-Operating Income (Expense) | -889.1 | -844.8 | -757.4 | -683.7 | 33.4 | -394.7 |
Pretax Income | 2,746 | 2,486 | 1,938 | 1,943 | 1,663 | 436.9 |
Provision for Income Taxes | 581.4 | 529.7 | 384.5 | 363.2 | 131.8 | 14.8 |
Net Income | 2,132 | 1,853 | 1,279 | 835.8 | 1,142 | 71.2 |
Minority Interest in Earnings | 32.2 | 104.2 | 274.4 | 743.5 | 389.1 | 350.9 |
Net Income Attributable to Preferred Dividends | - | - | - | - | 245.5 | 87.3 |
Net Income to Common | 2,132 | 1,853 | 1,279 | 835.8 | 1,142 | 71.2 |
Net Income Growth | 77.09% | 44.83% | 53.04% | -26.83% | 1504.35% | - |
Shares Outstanding (Basic) | 215 | 216 | 220 | 225 | 227 | 229 |
Shares Outstanding (Diluted) | 216 | 217 | 221 | 226 | 231 | 229 |
Shares Change (YoY) | -1.74% | -1.99% | -2.08% | -2.21% | 1.09% | -1.55% |
EPS (Basic) | 9.83 | 8.52 | 5.77 | 3.69 | 3.95 | -0.07 |
EPS (Diluted) | 9.79 | 8.49 | 5.74 | 3.66 | 3.88 | -0.07 |
EPS Growth | 80.30% | 47.91% | 56.83% | -5.67% | - | - |
Shares Outstanding | 214.73 | 214.66 | 217.76 | 222.61 | 228.84 | 228.22 |
Free Cash Flow | 261.9 | 493.8 | 683.9 | 826.2 | 841.3 | 1,798 |
Free Cash Flow Growth | -46.96% | -27.80% | -17.22% | -1.80% | -53.20% | 126.74% |
Free Cash Flow Per Share | 1.21 | 2.28 | 3.09 | 3.66 | 3.64 | 7.86 |
Dividends Per Share | 4.250 | 4.000 | 3.000 | 2.000 | 1.400 | 0.650 |
Dividend Growth | 6.25% | 33.33% | 50.00% | 42.86% | 115.39% | 62.50% |
Gross Margin | 33.74% | 30.67% | 27.49% | 26.81% | 14.98% | 14.59% |
Operating Margin | 21.95% | 19.56% | 16.45% | 16.35% | 8.26% | 5.10% |
Profit Margin | 13.07% | 11.49% | 9.48% | 9.83% | 7.32% | 2.49% |
FCF Margin | 1.58% | 2.90% | 4.17% | 5.14% | 4.02% | 10.61% |
EBITDA | 5,227 | 4,864 | 4,133 | 3,969 | 2,836 | 1,746 |
EBITDA Margin | 31.56% | 28.56% | 25.23% | 24.71% | 13.55% | 10.30% |
EBIT | 3,635 | 3,331 | 2,695 | 2,626 | 1,729 | 864.8 |
EBIT Margin | 21.95% | 19.56% | 16.45% | 16.35% | 8.26% | 5.10% |
Effective Tax Rate | 21.17% | 21.30% | 19.84% | 18.70% | 7.92% | 3.39% |