Targa Resources Corp. (TRGP)
NYSE: TRGP · Real-Time Price · USD
302.37
+12.83 (4.43%)
At close: Oct 23, 2026, 4:00 PM EDT
305.07
+2.70 (0.89%)
After-hours: Oct 23, 2026, 7:55 PM EDT
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 | Jun '26 Jun 30, 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 | 16,742 | 17,028 | 16,382 | 16,060 | 20,930 | 16,950 |
Revenue Growth | -1.97% | 3.95% | 2.00% | -23.27% | 23.48% | 105.20% |
Gross Profit Gross Profit Growth | 7,231 | 6,521 | 5,679 | 5,384 | 4,048 | 3,220 |
Operating Income Operating Income Growth | 3,845 | 3,331 | 2,695 | 2,626 | 1,729 | 1,317 |
Net Income Net Income Growth | 2,255 | 1,841 | 1,270 | 828.2 | 896.8 | -16.1 |
Earnings Per Share EPS Growth | 10.46 | 8.49 | 5.74 | 3.66 | 3.88 | -0.07 |
EPS Growth | 50.07% | 47.91% | 56.83% | -5.67% | - | - |
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Jun '26 Jun 30, 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 | 6,566 | 7,416 | 6,808 | 7,232 | 11,247 | 7,426 |
Logistics and Transportation Logistics and Transportation Growth | 13,848 | 14,564 | 14,030 | 13,656 | 19,742 | 16,160 |
Other Other Growth | -44.2 | -5.3 | -164.6 | 275.5 | -302.4 | -115.9 |
Corporate and Eliminations Corporate and Eliminations Growth | -3,628 | -4,947 | -4,293 | -5,103 | -9,757 | -6,520 |
Revenue (Total) Revenue (Total) Growth | 16,742 | 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 | Jun '26 Jun 30, 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 | 132.3 | 166.1 | 157.3 | 141.7 | 219 | 158.5 |
Total Debt Total Debt Growth | 19,578 | 17,546 | 14,290 | 13,032 | 11,579 | 6,643 |
Net Cash (Debt) Net Cash Growth | -19,446 | -17,380 | -14,133 | -12,891 | -11,360 | -6,485 |
Net Cash Growth | - | - | - | - | - | - |
Net Cash Per Share Net Cash Per Share Growth | -90.21 | -80.13 | -63.86 | -57.04 | -49.16 | -28.37 |
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Jun '26 Jun 30, 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 | 4,286 | 3,917 | 3,650 | 3,212 | 2,381 | 2,303 |
Capital Expenditures CapEx Growth | -3,545 | -3,333 | -2,966 | -2,385 | -1,334 | -505.1 |
Free Cash Flow Free Cash Flow Growth | 740.9 | 584.1 | 683.9 | 826.2 | 1,047 | 1,798 |
Free Cash Flow Growth | 73.31% | -14.59% | -17.22% | -21.05% | -41.79% | 126.74% |
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Jun '26 Jun 30, 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 | 43.19% | 38.29% | 34.66% | 33.52% | 19.34% | 19.00% |
Operating Margin | 22.96% | 19.56% | 16.45% | 16.35% | 8.26% | 7.77% |
Pretax Margin | 17.50% | 14.60% | 11.83% | 12.10% | 7.95% | 2.58% |
Profit Margin | 13.47% | 10.81% | 7.75% | 5.16% | 4.29% | -0.10% |
FCF Margin | 4.43% | 3.43% | 4.17% | 5.14% | 5.00% | 10.61% |
Fiscal Year | Current | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Oct '26 Oct 24, 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 | 26.67% | 33.33% | 50.00% | 42.86% | 115.39% | 62.50% |
Dividend Yield | 1.65% | 2.17% | 1.68% | 2.30% | 1.90% | 1.24% |
Fiscal Year | Current | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Oct '26 Oct 24, 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 | 28.90 | 21.51 | 30.66 | 23.39 | 18.55 | - |
Forward PE | 26.43 | 20.26 | 23.77 | 15.65 | 13.74 | 19.90 |
P/FCF Ratio | 87.51 | 67.80 | 56.92 | 23.45 | 15.90 | 6.65 |
PS Ratio | 3.87 | 2.33 | 2.38 | 1.21 | 0.80 | 0.71 |