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 Financials Overview
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
| Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
Revenue Revenue Growth | 4,440 | 4,095 | 4,056 | 4,151 | 4,260 | 4,562 | 4,405 | 3,852 | 3,562 | 4,562 | 4,240 | 3,897 | 3,404 | 4,521 | 4,555 | 5,360 | 6,056 | 4,959 | 5,442 | 4,460 |
Revenue Growth | 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% |
Gross Profit Gross Profit Growth | 2,138 | 1,700 | 1,748 | 1,645 | 1,824 | 1,304 | 1,483 | 1,487 | 1,365 | 1,344 | 1,341 | 1,207 | 1,335 | 1,502 | 1,231 | 1,054 | 1,009 | 755 | 871.9 | 845 |
Operating Income Operating Income Growth | 1,235 | 855.8 | 917.4 | 836.9 | 1,034 | 543.3 | 700.5 | 728.2 | 627.2 | 639.4 | 635.3 | 505.1 | 649.1 | 836.7 | 551.4 | 430 | 451.9 | 295.8 | 373 | 366.5 |
Net Income Net Income Growth | 760.6 | 477.1 | 542 | 475.5 | 625.1 | 198.8 | 315.9 | 384.5 | 296.2 | 273 | 277.7 | 217.8 | 325.7 | 6.3 | 317.9 | 193.1 | 372.7 | 13.1 | -335.4 | 160.4 |
Earnings Per Share EPS Growth | 3.54 | 2.21 | 2.51 | 2.20 | 2.87 | 0.91 | 1.44 | 1.75 | 1.33 | 1.22 | 1.23 | 0.97 | 1.44 | 0.03 | 1.38 | 0.84 | 1.61 | 0.06 | -1.47 | 0.66 |
EPS Growth | 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% |
| Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
Gathering and Processing Gathering and Processing Growth | 1,310 | 1,778 | 1,604 | 1,874 | 1,746 | 2,193 | 1,909 | 1,567 | 1,518 | 1,815 | 1,841 | 1,868 | 1,566 | 1,956 | 2,370 | 3,331 | 3,170 | 2,376 | 2,540 | 2,148 |
Logistics and Transportation Logistics and Transportation Growth | 3,496 | 3,411 | 3,406 | 3,535 | 3,422 | 4,201 | 3,858 | 3,224 | 2,996 | 3,952 | 3,652 | 3,422 | 2,756 | 3,825 | 4,042 | 5,082 | 5,690 | 4,928 | 5,228 | 4,205 |
Other Other Growth | 103.1 | -110.3 | -0.5 | -36.5 | 280.5 | -248.8 | -78.2 | -17.7 | -46.6 | -22.1 | -18.7 | -33.5 | 151.9 | 175.8 | -7.4 | -112.2 | -4.5 | -178.3 | -60.4 | 13.5 |
Corporate and Eliminations Corporate and Eliminations Growth | -469.3 | -983.7 | -953.7 | -1,221 | -1,189 | -1,584 | -1,283 | -921.6 | -905.7 | -1,183 | -1,236 | -1,360 | -1,071 | -1,437 | -1,850 | -2,941 | -2,800 | -2,166 | -2,266 | -1,906 |
Revenue (Total) Revenue (Total) Growth | 4,440 | 4,095 | 4,056 | 4,151 | 4,260 | 4,562 | 4,405 | 3,852 | 3,562 | 4,562 | 4,240 | 3,897 | 3,404 | 4,521 | 4,555 | 5,360 | 6,056 | 4,959 | 5,442 | 4,460 |
| Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
Cash & Investments Cash & Investments Growth | 132.3 | 100.1 | 166.1 | 124.1 | 113.1 | 151.4 | 157.3 | 127.2 | 166.4 | 109.9 | 141.7 | 139.5 | 169.4 | 211.8 | 219 | 192.9 | 154 | 135.9 | 158.5 | 228.6 |
Total Debt Total Debt Growth | 19,578 | 19,132 | 17,546 | 17,431 | 16,851 | 16,209 | 14,290 | 14,336 | 13,647 | 13,133 | 13,032 | 12,956 | 12,438 | 12,206 | 11,579 | 11,258 | 7,461 | 7,249 | 6,643 | 6,787 |
Net Cash (Debt) Net Cash Growth | -19,446 | -19,032 | -17,380 | -17,307 | -16,737 | -16,057 | -14,133 | -14,208 | -13,480 | -13,023 | -12,891 | -12,816 | -12,269 | -11,994 | -11,360 | -11,065 | -7,307 | -7,113 | -6,485 | -6,558 |
Net Cash Growth | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Net Cash Per Share Net Cash Per Share Growth | -90.36 | -88.31 | -80.58 | -80.13 | -77.02 | -73.42 | -64.47 | -64.58 | -60.75 | -58.22 | -57.42 | -56.94 | -54.10 | -52.31 | -49.41 | -48.04 | -31.54 | -30.61 | -28.37 | -23.73 |
| Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
Operating Cash Flow Operating Cash Flow Growth | 1,441 | 739.5 | 1,506 | 599.2 | 858.3 | 954.4 | 1,328 | 540.9 | 904.5 | 876.4 | 957.7 | 407.3 | 676.8 | 1,170 | 537.5 | 459.6 | 635.5 | 748.2 | 504.1 | 495.2 |
Capital Expenditures CapEx Growth | -1,010 | -899.5 | -963.2 | -671.8 | -906.1 | -792.2 | -726.9 | -828.8 | -740.3 | -669.8 | -720 | -591.7 | -598 | -475.7 | -518.9 | -395.9 | -215.1 | -204.4 | -183.5 | -122.7 |
Free Cash Flow Free Cash Flow Growth | 431.2 | -160 | 542.3 | -72.6 | -47.8 | 162.2 | 601 | -287.9 | 164.2 | 206.6 | 237.7 | -184.4 | 78.8 | 694.1 | 18.6 | 63.7 | 420.4 | 543.8 | 320.6 | 372.5 |
Free Cash Flow Growth | - | - | -9.77% | - | - | -21.49% | 152.84% | - | 108.38% | -70.23% | 1177.96% | - | -81.26% | 27.64% | -94.20% | -82.90% | -19.32% | -6.82% | -35.92% | 119.63% |
| Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
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% |
Pretax Margin | 22.63% | 14.93% | 17.07% | 14.96% | 19.28% | 7.72% | 11.90% | 14.15% | 12.72% | 9.10% | 10.85% | 8.54% | 14.22% | 14.72% | 8.91% | 5.43% | 12.79% | 3.86% | -4.74% | 6.50% |
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% |
FCF 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% |
| Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
Dividend Per Share Dividend Per Share Growth | 1.250 | 1.250 | 1.000 | 1.000 | 1.000 | 1.000 | 0.750 | 0.750 | 0.750 | 0.750 | 0.500 | 0.500 | 0.500 | 0.500 | 0.350 | 0.350 | 0.350 | 0.350 | 0.350 | 0.100 |
Dividend Per Share Growth | 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% |
Dividend Yield | 1.69% | 1.71% | 2.20% | 2.29% | 2.07% | 1.68% | 1.74% | 1.94% | 2.03% | 2.12% | 2.44% | 2.30% | 2.40% | 2.30% | 2.07% | 2.53% | 2.11% | 1.31% | 1.38% | 0.90% |
| Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
PE Ratio | 25.52 | 25.41 | 21.51 | 22.32 | 24.77 | 36.49 | 30.66 | 26.33 | 26.82 | 22.78 | 23.41 | 22.10 | 20.40 | 18.55 | 18.55 | 56.14 | 64.54 | - | - | 35.32 |
Forward PE | 23.21 | 25.24 | 20.26 | 19.29 | 21.42 | 25.44 | 23.77 | 21.76 | 21.83 | 20.52 | 15.65 | 15.31 | 13.16 | 12.64 | 13.74 | 11.32 | 12.35 | 22.15 | 19.90 | 23.02 |
P/FCF Ratio | 77.68 | - | 67.80 | - | - | 68.21 | 56.92 | - | 67.33 | 73.58 | 23.45 | - | 20.11 | 13.79 | 15.90 | 10.14 | 8.21 | 9.80 | 6.65 | 5.69 |
PS Ratio | 3.44 | 3.25 | 2.33 | 2.08 | 2.21 | 2.66 | 2.38 | 2.00 | 1.76 | 1.55 | 1.21 | 1.17 | 0.96 | 0.81 | 0.80 | 0.63 | 0.65 | 0.94 | 0.71 | 0.80 |