Targa Resources Corp. (TRGP)
NYSE: TRGP · Real-Time Price · USD
297.33
+1.03 (0.35%)
At close: Nov 13, 2026, 4:00 PM EST
296.00
-1.33 (-0.45%)
After-hours: Nov 13, 2026, 7:39 PM EST
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 | Sep '26 Sep 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 |
| 18,189 | 17,028 | 16,382 | 16,060 | 20,930 | 16,950 | |
Revenue Growth | 4.67% | 3.95% | 2.00% | -23.27% | 23.48% | 105.20% |
Cost of Revenue | 10,583 | 10,508 | 10,703 | 10,676 | 16,882 | 13,730 |
Gross Profit | 7,606 | 6,521 | 5,679 | 5,384 | 4,048 | 3,220 |
Selling, General & Admin | 1,838 | 1,704 | 1,561 | 1,427 | 1,223 | 1,020 |
Other Operating Expenses | -56 | -30.3 | -0.4 | 1.5 | 0.2 | 12.4 |
Operating Expenses | 3,511 | 3,189 | 2,983 | 2,758 | 2,319 | 1,903 |
Operating Income | 4,095 | 3,331 | 2,695 | 2,626 | 1,729 | 1,317 |
Interest Expense | -913 | -852.8 | -767.2 | -687.8 | -446.1 | -387.9 |
Earnings From Equity Investments | 21.4 | 11.8 | 9.4 | 9 | 9.1 | -23.9 |
Other Non Operating Income (Expenses) | -20.2 | -3.8 | 0.4 | -4.9 | -64.7 | 0.5 |
EBT Excluding Unusual Items | 3,183 | 2,486 | 1,938 | 1,943 | 1,227 | 905.8 |
Gain (Loss) on Sale of Investments | - | - | - | - | 435.9 | - |
Asset Writedown | - | - | - | - | - | -452.3 |
Other Unusual Items | -23.8 | - | - | - | - | -16.6 |
Pretax Income | 3,159 | 2,486 | 1,938 | 1,943 | 1,663 | 436.9 |
Income Tax Expense | 664.9 | 529.7 | 384.5 | 363.2 | 131.8 | 14.8 |
Earnings From Continuing Operations | 2,494 | 1,957 | 1,554 | 1,579 | 1,531 | 422.1 |
Minority Interest in Earnings | -46.9 | -33.7 | -241.5 | -233.4 | -335.9 | -350.9 |
Net Income | 2,447 | 1,923 | 1,312 | 1,346 | 1,196 | 71.2 |
Preferred Dividends & Other Adjustments | 12.6 | 81.6 | 42.5 | 517.7 | 298.7 | 87.3 |
Net Income to Common | 2,435 | 1,841 | 1,270 | 828.2 | 896.8 | -16.1 |
Net Income Growth | 50.73% | 45.05% | 53.28% | -7.65% | - | - |
Shares Outstanding (Basic) | 215 | 216 | 220 | 225 | 227 | 229 |
Shares Outstanding (Diluted) | 215 | 217 | 221 | 226 | 231 | 229 |
Shares Change | -1.06% | -1.99% | -2.08% | -2.21% | 1.09% | -1.55% |
EPS (Basic) | 11.34 | 8.52 | 5.77 | 3.69 | 3.95 | -0.07 |
EPS (Diluted) | 11.30 | 8.49 | 5.74 | 3.66 | 3.88 | -0.07 |
EPS Growth | 52.40% | 47.91% | 56.83% | -5.67% | - | - |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 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 |
Free Cash Flow | 933.8 | 584.1 | 683.9 | 826.2 | 1,047 | 1,798 |
Free Cash Flow Per Share | 4.33 | 2.69 | 3.09 | 3.66 | 4.53 | 7.86 |
Dividend Per Share | 4.750 | 4.000 | 3.000 | 2.000 | 1.400 | 0.650 |
Dividend Growth | 26.67% | 33.33% | 50.00% | 42.86% | 115.39% | 62.50% |
Gross Margin | 41.82% | 38.29% | 34.66% | 33.52% | 19.34% | 19.00% |
Operating Margin | 22.51% | 19.56% | 16.45% | 16.35% | 8.26% | 7.77% |
Profit Margin | 13.39% | 10.81% | 7.75% | 5.16% | 4.29% | -0.10% |
Free Cash Flow Margin | 5.13% | 3.43% | 4.17% | 5.14% | 5.00% | 10.61% |
EBITDA | 5,824 | 4,847 | 4,118 | 3,956 | 2,830 | 2,192 |
EBITDA Margin | 32.02% | 28.46% | 25.14% | 24.63% | 13.52% | 12.93% |
D&A For EBITDA | 1,729 | 1,515 | 1,423 | 1,330 | 1,101 | 874.6 |
EBIT | 4,095 | 3,331 | 2,695 | 2,626 | 1,729 | 1,317 |
EBIT Margin | 22.51% | 19.56% | 16.45% | 16.35% | 8.26% | 7.77% |
Effective Tax Rate | 21.05% | 21.30% | 19.84% | 18.70% | 7.92% | 3.39% |
Revenue as Reported | 18,189 | 17,028 | 16,382 | 16,060 | 20,930 | 16,950 |