Targa Resources Corp. (TRGP)
NYSE: TRGP · Real-Time Price · USD
263.43
-1.17 (-0.44%)
Aug 4, 2026, 1:47 PM EDT - Market open
Targa Resources Financials Overview
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 |
Revenue Revenue Growth | 16,562 | 17,028 | 16,382 | 16,060 | 20,930 | 16,950 |
Revenue Growth | 1.10% | 3.95% | 2.00% | -23.27% | 23.48% | 105.20% |
Gross Profit Gross Profit Growth | 5,589 | 5,222 | 4,503 | 4,306 | 3,135 | 2,473 |
Operating Income Operating Income Growth | 3,635 | 3,331 | 2,695 | 2,626 | 1,729 | 864.8 |
Net Income Net Income Growth | 2,132 | 1,853 | 1,279 | 835.8 | 1,142 | 71.2 |
Earnings Per Share EPS Growth | 9.79 | 8.49 | 5.74 | 3.66 | 3.88 | -0.07 |
EPS Growth | 80.30% | 47.91% | 56.83% | -5.67% | - | - |
| 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 |
Gathering and Processing Gathering and Processing Growth | 7,001 | 7,416 | 6,808 | 7,232 | 11,247 | 7,426 |
Logistics and Transportation Logistics and Transportation Growth | 13,774 | 14,564 | 14,030 | 13,656 | 19,742 | 16,160 |
Other Other Growth | 133.2 | -5.3 | -164.6 | 275.5 | -302.4 | -115.9 |
Corporate and Eliminations Corporate and Eliminations Growth | -4,347 | -4,947 | -4,293 | -5,103 | -9,757 | -6,520 |
Revenue (Total) Revenue (Total) Growth | 16,562 | 17,028 | 16,382 | 16,060 | 20,930 | 16,950 |
| Fiscal Year | Current | 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 |
Cash & Investments Cash & Investments Growth | 100.1 | 166.1 | 157.3 | 141.7 | 219 | 158.5 |
Total Debt Total Debt Growth | 19,132 | 17,433 | 14,175 | 12,954 | 11,536 | 6,597 |
Net Cash (Debt) Net Cash Growth | -19,032 | -17,266 | -14,017 | -12,812 | -11,317 | -6,439 |
Net Cash Growth | - | - | - | - | - | - |
Net Cash Per Share Net Cash Per Share Growth | -88.06 | -79.61 | -63.34 | -56.69 | -48.97 | -28.17 |
| 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 |
Operating Cash Flow Operating Cash Flow Growth | 3,703 | 3,917 | 3,650 | 3,212 | 2,381 | 2,303 |
Capital Expenditures CapEx Growth | -3,441 | -3,424 | -2,966 | -2,385 | -1,540 | -505.1 |
Free Cash Flow Free Cash Flow Growth | 261.9 | 493.8 | 683.9 | 826.2 | 841.3 | 1,798 |
Free Cash Flow Growth | -59.05% | -27.80% | -17.22% | -1.80% | -53.20% | 126.74% |
| 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 |
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% |
Pretax Margin | 16.58% | 14.60% | 11.83% | 12.10% | 7.95% | 2.58% |
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% |
| Fiscal Year | Current | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Aug '26 Aug 4, 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 |
Dividend Per Share Dividend Per Share Growth | 5.000 | 4.000 | 3.000 | 2.000 | 1.400 | 0.650 |
Dividend Per Share Growth | 28.57% | 33.33% | 50.00% | 42.86% | 115.39% | 62.50% |
Dividend Yield | 1.90% | 2.05% | 1.57% | 2.19% | 2.27% | 1.57% |
| Fiscal Year | Current | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Aug '26 Aug 4, 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 |
PE Ratio | 26.87 | 21.73 | 31.10 | 23.74 | 18.94 | - |
Forward PE | 22.25 | 20.26 | 23.77 | 15.65 | 13.74 | 19.90 |
P/FCF Ratio | 215.93 | 80.20 | 56.84 | 23.41 | 19.99 | 6.63 |
PS Ratio | 3.41 | 2.33 | 2.37 | 1.20 | 0.80 | 0.70 |