Skip to main content
logo
Targa Resources Corp. (TRGP)
NYSE: TRGP · Real-Time Price · USD
293.65
+5.83 (2.03%)
Aug 31, 2026, 4:00 PM EDT - Market closed

Targa Resources Income Statement

Millions USD. Fiscal year is Jan - Dec.
Fiscal Quarter
Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period Ending
Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Revenue
4,4404,0954,0564,1514,2604,5624,4053,8523,5624,5624,2403,8973,4044,5214,5555,3606,0564,9595,4424,460
Revenue Growth (YoY)
4.23%-10.23%-7.94%7.77%19.60%-0.02%3.91%-1.15%4.65%0.93%-6.92%-27.30%-43.79%-8.84%-16.30%20.19%77.28%36.51%111.51%110.85%
Cost of Revenue
2,3022,3952,3082,5062,4363,2582,9232,3652,1973,2182,8992,6902,0693,0193,3244,3065,0474,2044,5703,615
Gross Profit
2,1381,7001,7481,6451,8241,3041,4831,4871,3651,3441,3411,2071,3351,5021,2311,0541,009755871.9845
Selling, General & Admin
462.2432.6449.3438.3418.6398.1403.4403.6389364.5364.8367.7353.6340.6344.7340.4286.8250.6282.5256.7
Other Operating Expenses
-11.7-14.2-9.3-13.9-1.8-5.30.3-0.4-0.2--0.52.5--0.64.6-3.8-0.1-0.5-3.3-1
Operating Expenses
903.6844.4830.5807.9790.5760.4782.2758.6737.4705705.7701.5685.7664.8679.1623.8556.6459.2498.9478.5
Operating Income
1,235855.8917.4836.91,034543.3700.5728.2627.2639.4635.3505.1649.1836.7551.4430451.9295.8373366.5
Interest Expense
-236.6-227.6-216-221.3-218.4-197.1-177.7-184.9-176-228.6-178-175.1-166.6-168-145.6-125.8-81.2-93.6-103.7-91
Earnings From Equity Investments
7.88.6-5.26.45.15.51.52.22.92.82.833.4-0.20.41.71.45.6-62.814.3
Other Non Operating Income (Expenses)
-0.3-15.9-4-1.110.30.1-0.4-0.91.7--0.1-2-3-0.5-14.60.5-0.50.20.2
EBT Excluding Unusual Items
1,005620.9692.2620.9821.3352524.4545.1453.2415.3460.1332.9483.9665.5405.7291.3372.6207.3206.7290
Merger & Restructuring Charges
--8.9------------------
Gain (Loss) on Sale of Investments
----------------435.9---
Gain (Loss) on Sale of Assets
-------------------2-
Asset Writedown
-------------------462.6-
Other Unusual Items
-0.5-0.7---------------33.8-15.8--
Pretax Income
1,005611.3692.2620.9821.3352524.4545.1453.2415.3460.1332.9483.9665.5405.7291.3774.7191.5-257.9290
Income Tax Expense
227.2123.9139.1134.3184.172.2110.49794.382.7102.553.996.4110.39.81287.122.9-8.72
Earnings From Continuing Operations
777.7487.4553.1486.6637.2279.8414448.1358.9332.6357.6279387.5555.2395.9279.3687.6168.6-249.2288
Minority Interest in Earnings
-13.1-7.8-8.1-8.2-8.1-9.3-63-60.7-60.4-57.4-58-59-58.2-58.2-77.9-86.2-91.2-80.6-64.4-105.8
Net Income
764.6479.6545478.4629.1270.5351387.4298.5275.2299.6220329.3497318193.1596.488-313.6182.2
Preferred Dividends & Other Adjustments
42.532.9471.735.12.92.32.221.92.23.6490.70.1-223.774.921.821.8
Net Income to Common
760.6477.1542475.5625.1198.8315.9384.5296.2273277.7217.8325.76.3317.9193.1372.713.1-335.4160.4
Net Income Growth (YoY)
21.68%139.99%71.57%23.67%111.04%-27.18%13.76%76.54%-9.06%4233.33%-12.65%12.79%-12.61%-51.91%-20.39%983.43%-89.49%-334.69%
Shares Outstanding (Basic)
215215215215217218218219221223223224226226226227228229229229
Shares Outstanding (Diluted)
215216216216217219219220222224225225227229230230232232229276
Shares Change (YoY)
-0.97%-1.46%-1.60%-1.82%-2.07%-2.23%-2.36%-2.27%-2.16%-2.44%-2.35%-2.26%-2.11%-1.33%0.57%-16.68%0.17%-15.40%-0.26%18.22%
EPS (Basic)
3.542.222.522.212.890.911.451.761.341.231.250.971.440.031.400.851.640.06-1.470.70
EPS (Diluted)
3.542.212.512.202.870.911.441.751.331.221.230.971.440.031.380.841.610.06-1.470.66
EPS Growth (YoY)
23.34%142.86%74.50%25.71%115.79%-25.41%16.81%80.41%-7.64%4284.39%-10.85%15.48%-10.56%-51.46%-27.43%973.33%-89.24%-316.95%

Additional Metrics

Fiscal Quarter
Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period Ending
Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Free Cash Flow
431.2-160542.3-72.6-47.8162.2601-287.9164.2206.6237.7-184.478.8694.118.663.7420.4543.8320.6372.5
Free Cash Flow Per Share
2.00-0.742.51-0.34-0.220.742.74-1.310.740.921.06-0.820.353.030.080.281.812.341.401.35
Dividend Per Share
1.2501.2501.0001.0001.0001.0000.7500.7500.7500.7500.5000.5000.5000.5000.3500.3500.3500.3500.3500.100
Dividend Growth (YoY)
25.00%25.00%33.33%33.33%33.33%33.33%50.00%50.00%50.00%50.00%42.86%42.86%42.86%42.86%0%250.00%250.00%250.00%250.00%0%
Gross Margin
48.15%41.52%43.10%39.62%42.82%28.58%33.66%38.60%38.31%29.47%31.63%30.96%39.22%33.22%27.02%19.66%16.65%15.22%16.02%18.95%
Operating Margin
27.80%20.90%22.62%20.16%24.26%11.91%15.90%18.91%17.61%14.02%14.99%12.96%19.07%18.51%12.11%8.02%7.46%5.96%6.86%8.22%
Profit Margin
17.13%11.65%13.36%11.46%14.67%4.36%7.17%9.98%8.32%5.98%6.55%5.59%9.57%0.14%6.98%3.60%6.15%0.26%-6.16%3.60%
Free Cash Flow Margin
9.71%-3.91%13.37%-1.75%-1.12%3.56%13.64%-7.47%4.61%4.53%5.61%-4.73%2.31%15.35%0.41%1.19%6.94%10.97%5.89%8.35%
EBITDA
1,6881,2821,3081,2201,407910.91,0791,084975.8979.9978.1837.8982.71,163882.5718.5722.9506593.7590.4
EBITDA Margin
38.01%31.30%32.25%29.40%33.03%19.97%24.49%28.13%27.40%21.48%23.07%21.50%28.87%25.73%19.38%13.41%11.94%10.20%10.91%13.24%
D&A For EBITDA
453.1426390.5383.5373.7367.6378.5355.4348.6340.5342.8332.7333.6326.4331.1288.5271210.2220.7223.9
EBIT
1,235855.8917.4836.91,034543.3700.5728.2627.2639.4635.3505.1649.1836.7551.4430451.9295.8373366.5
EBIT Margin
27.80%20.90%22.62%20.16%24.26%11.91%15.90%18.91%17.61%14.02%14.99%12.96%19.07%18.51%12.11%8.02%7.46%5.96%6.86%8.22%
Effective Tax Rate
22.61%20.27%20.09%21.63%22.42%20.51%21.05%17.79%20.81%19.91%22.28%16.19%19.92%16.57%2.42%4.12%11.24%11.96%-0.69%
Revenue as Reported
4,4404,0954,0564,1514,2604,5624,4053,8523,5624,5624,2403,8973,4044,5214,5555,3606,0564,9595,4424,460
SEC Filings: 10-K · 10-Q