Targa Resources Corp.
NYSE:TRGP
162.92 (USD) • At close August 1, 2025
Overview | Financials
Numbers are in millions (except for per share data and ratios) USD.
| 2025 Q1 | 2024 Q4 | 2024 Q3 | 2024 Q2 | 2024 Q1 | 2023 Q4 | 2023 Q3 | 2023 Q2 | 2023 Q1 | 2022 Q4 | 2022 Q3 | 2022 Q2 | 2022 Q1 | 2021 Q4 | 2021 Q3 | 2021 Q2 | 2021 Q1 | 2020 Q4 | 2020 Q3 | 2020 Q2 | 2020 Q1 | 2019 Q4 | 2019 Q3 | 2019 Q2 | 2019 Q1 | 2018 Q4 | 2018 Q3 | 2018 Q2 | 2018 Q1 | 2017 Q4 | 2017 Q3 | 2017 Q2 | 2017 Q1 | 2016 Q4 | 2016 Q3 | 2016 Q2 | 2016 Q1 | 2015 Q4 | 2015 Q3 | 2015 Q2 | 2015 Q1 | 2014 Q4 | 2014 Q3 | 2014 Q2 | 2014 Q1 | 2013 Q4 | 2013 Q3 | 2013 Q2 | 2013 Q1 | 2012 Q4 | 2012 Q3 | 2012 Q2 | 2012 Q1 | 2011 Q4 | 2011 Q3 | 2011 Q2 | 2011 Q1 | 2010 Q4 | 2010 Q3 | 2010 Q2 | 2010 Q1 | 2009 Q4 | 2009 Q3 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue
| 4,561.5 | 4,405.3 | 3,851.8 | 3,618.6 | 4,597.5 | 4,231.8 | 3,896.6 | 3,403.7 | 4,520.5 | 4,554.8 | 5,360.1 | 6,055.8 | 4,959.1 | 5,441.6 | 4,459.7 | 3,415.9 | 3,632.7 | 2,572.8 | 2,115.1 | 1,523.5 | 2,048.9 | 2,473.9 | 1,902.5 | 1,995.3 | 2,299.4 | 2,597.7 | 2,986.4 | 2,444.4 | 2,455.6 | 2,702.8 | 2,131.8 | 1,867.7 | 2,112.6 | 2,012.6 | 1,652.3 | 1,583.6 | 1,442.4 | 1,647.4 | 1,632.1 | 1,699.4 | 1,679.7 | 2,032.9 | 2,288.3 | 2,061.9 | 2,352.9 | 2,159.8 | 1,556.8 | 1,441.6 | 1,397.8 | 1,527.3 | 1,393.5 | 1,319.1 | 1,645.8 | 1,934 | 1,713.6 | 1,727.7 | 1,618.1 | 1,527.2 | 1,220 | 1,240.1 | 1,483.6 | 1,391 | 1,125.6 |
| Cost of Revenue
| 3,625.4 | 3,301.1 | 3,021.4 | 2,836.7 | 3,836.5 | 3,509.4 | 3,021.3 | 2,401 | 3,343.8 | 3,654.1 | 4,593.5 | 5,317.2 | 4,413.2 | 4,789.4 | 3,837.5 | 2,920.9 | 3,052.5 | 1,976.1 | 1,506.9 | 1,065.1 | 1,427.4 | 1,955.5 | 1,572.4 | 1,598.8 | 1,963.4 | 2,217.3 | 2,589.8 | 2,107.9 | 2,139.1 | 2,375 | 1,871.4 | 1,624 | 1,845.3 | 1,738.1 | 1,406.7 | 1,331.3 | 1,204.5 | 1,424.1 | 1,338.2 | 1,400.9 | 1,387.9 | 1,732.6 | 1,968.1 | 1,763.8 | 2,052.9 | 1,878 | 1,328.8 | 1,242.1 | 1,201.5 | 1,320.5 | 1,153 | 1,074.6 | 1,384.2 | 1,674.5 | 1,485.5 | 1,477.2 | 1,400.6 | 1,300.1 | 1,033.7 | 1,057.9 | 1,297.7 | 1,166.2 | 936.3 |
| Gross Profit
| 936.1 | 1,104.2 | 830.4 | 781.9 | 761 | 722.4 | 875.3 | 1,002.7 | 1,176.7 | 900.7 | 766.6 | 738.6 | 545.9 | 652.2 | 622.2 | 495 | 580.2 | 596.7 | 608.2 | 458.4 | 621.5 | 518.4 | 330.1 | 396.5 | 336 | 380.4 | 396.6 | 336.5 | 316.5 | 327.8 | 260.4 | 243.7 | 267.3 | 274.5 | 245.6 | 252.3 | 237.9 | 223.3 | 293.9 | 298.5 | 291.8 | 300.3 | 320.2 | 298.1 | 300 | 281.8 | 228 | 199.5 | 196.3 | 206.8 | 240.5 | 244.5 | 261.6 | 259.5 | 228.1 | 250.5 | 217.5 | 227.1 | 186.3 | 182.2 | 185.9 | 224.8 | 189.3 |
| Gross Profit Ratio
| 0.205 | 0.251 | 0.216 | 0.216 | 0.166 | 0.171 | 0.225 | 0.295 | 0.26 | 0.198 | 0.143 | 0.122 | 0.11 | 0.12 | 0.14 | 0.145 | 0.16 | 0.232 | 0.288 | 0.301 | 0.303 | 0.21 | 0.174 | 0.199 | 0.146 | 0.146 | 0.133 | 0.138 | 0.129 | 0.121 | 0.122 | 0.13 | 0.127 | 0.136 | 0.149 | 0.159 | 0.165 | 0.136 | 0.18 | 0.176 | 0.174 | 0.148 | 0.14 | 0.145 | 0.128 | 0.13 | 0.146 | 0.138 | 0.14 | 0.135 | 0.173 | 0.185 | 0.159 | 0.134 | 0.133 | 0.145 | 0.134 | 0.149 | 0.153 | 0.147 | 0.125 | 0.162 | 0.168 |
| Reseach & Development Expenses
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| General & Administrative Expenses
| 94.5 | 97.5 | 102.6 | 98.3 | 86.5 | 95.3 | 90 | 81 | 82.4 | 92.5 | 79.1 | 71 | 67.1 | 80.8 | 67.3 | 63.7 | 61.4 | 74 | 58.6 | 61.5 | 60.5 | 57.2 | 69.9 | 72.8 | 81.1 | 80 | 63.2 | 57 | 56.7 | 53.9 | 49.9 | 51 | 48.7 | 48.9 | 46.1 | 47 | 45.3 | 25.1 | 44.9 | 49.2 | 42.6 | 25.8 | 43 | 41.6 | 38 | 39 | 37.7 | 38.4 | 36.3 | 33.5 | 35.7 | 35.7 | 34.9 | 31 | 35.4 | 35.1 | 34.6 | 54.6 | 27 | 28 | 26 | 0 | 31.5 |
| Selling & Marketing Expenses
| 0 | 0 | 0 | 290.7 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 8.8 | 0 | 0 | 0 | 0 | 0 |
| SG&A
| 94.5 | 97.5 | 102.6 | 389 | 86.5 | 95.3 | 90 | 81 | 82.4 | 92.5 | 79.1 | 71 | 67.1 | 80.8 | 67.3 | 63.7 | 61.4 | 74 | 58.6 | 61.5 | 60.5 | 57.2 | 69.9 | 72.8 | 81.1 | 80 | 63.2 | 57 | 56.7 | 53.9 | 49.9 | 51 | 48.7 | 48.9 | 46.1 | 47 | 45.3 | 25.1 | 44.9 | 49.2 | 42.6 | 25.8 | 43 | 41.6 | 38 | 39 | 37.7 | 38.4 | 36.3 | 33.5 | 35.7 | 35.7 | 34.9 | 31 | 35.4 | 35.1 | 34.6 | 63.4 | 27 | 28 | 26 | 36.8 | 31.5 |
| Other Expenses
| 298.3 | 306.2 | 2.1 | -0.1 | -0.1 | 0 | -0.1 | -2 | 257.6 | 256.8 | 257.5 | 215.7 | 183 | 0.3 | 0.2 | 0.1 | 0.1 | 1.2 | 1.4 | 0.8 | 195.7 | 0.1 | 200.2 | 0.8 | -9.7 | 21 | -16.6 | 60.6 | -56.1 | 0.1 | 0.2 | 4.4 | -8.5 | -0.1 | 1.4 | -0.1 | -0.1 | -1.8 | 1.5 | 1.7 | -25.2 | -7.5 | -0.6 | -0.1 | 103.6 | 93.9 | 9.1 | 6.5 | -0.2 | -6.2 | -1.8 | -0.4 | 119 | -0.6 | -0.5 | 116.9 | -0.1 | 0.1 | 0.6 | 0.1 | 0.1 | 94.9 | 0.6 |
| Operating Expenses
| 392.8 | 403.7 | 100.5 | 98.4 | 86.6 | 95.3 | 370.2 | 353.6 | 340 | 349.3 | 336.6 | 286.7 | 250.1 | 279.2 | 255.7 | 249.2 | 236.1 | 289 | 241.2 | 245.3 | 256.2 | 320.4 | 270.1 | 283 | 274.7 | 265.5 | 258.8 | 227.8 | 230.3 | 215 | 205.7 | 206.4 | 200.7 | 189.1 | 194 | 186 | 178.4 | 140.1 | 178.6 | 186.1 | 154.5 | 137.2 | 151.5 | 147.8 | 141.6 | 136.8 | 139.5 | 138.6 | 122.4 | 120.4 | 181.5 | 161.3 | 153.9 | 151.2 | 157.3 | 152 | 144 | 177.5 | 143 | 133.8 | 131.1 | 131.7 | 139.3 |
| Operating Income
| 543.3 | 700.5 | 728.2 | 683.5 | 674.4 | 627.1 | 505.1 | 649.1 | 836.7 | 551.4 | 430 | 451.9 | 295.8 | -91.6 | 366.5 | 245.8 | 344.1 | 265.2 | 295.5 | 213.1 | -2,077.5 | -23.7 | 41.6 | 113.7 | 61.3 | -80.7 | 76.7 | 155.4 | 86.3 | 113.5 | -323.6 | 37.2 | 50.5 | -97.6 | 51.6 | 66.3 | 35.5 | -206.9 | 115.3 | 112.4 | 137.3 | 163.1 | 168.7 | 150.3 | 158.4 | 145 | 88.5 | 60.9 | 73.9 | 86.4 | 59 | 83.2 | 107.7 | 108.3 | 70.8 | 98.5 | 73.5 | 49.6 | 43.3 | 48.4 | 54.8 | 93.1 | 50 |
| Operating Income Ratio
| 0.119 | 0.159 | 0.189 | 0.189 | 0.147 | 0.148 | 0.13 | 0.191 | 0.185 | 0.121 | 0.08 | 0.075 | 0.06 | -0.017 | 0.082 | 0.072 | 0.095 | 0.103 | 0.14 | 0.14 | -1.014 | -0.01 | 0.022 | 0.057 | 0.027 | -0.031 | 0.026 | 0.064 | 0.035 | 0.042 | -0.152 | 0.02 | 0.024 | -0.048 | 0.031 | 0.042 | 0.025 | -0.126 | 0.071 | 0.066 | 0.082 | 0.08 | 0.074 | 0.073 | 0.067 | 0.067 | 0.057 | 0.042 | 0.053 | 0.057 | 0.042 | 0.063 | 0.065 | 0.056 | 0.041 | 0.057 | 0.045 | 0.032 | 0.035 | 0.039 | 0.037 | 0.067 | 0.044 |
| Total Other Income Expenses Net
| -191.3 | -176.1 | -183.1 | -174 | -224.1 | -175.2 | -172.2 | -165.2 | -171.2 | -145.7 | -138.7 | 322.8 | -104.3 | -166.3 | -76.5 | -83.8 | -101.2 | -80.7 | -91.4 | -59.2 | -38.1 | -69.3 | -13.3 | -68.1 | -88.9 | -39.7 | -91.8 | -1.5 | -38.5 | -79.1 | 71.1 | -72.6 | -89.9 | -139.7 | -63.5 | -79.2 | -33.1 | -39.6 | -70.5 | -73.8 | -87.3 | -56.2 | -32.8 | -31.6 | -29 | -31.5 | -26.1 | -30.4 | -30.7 | -46.7 | -34 | -31.1 | -28.4 | -25.4 | -26.9 | -29.9 | -26.9 | -30.1 | -39 | -34.1 | -15.9 | -29.1 | -40.1 |
| Income Before Tax
| 352 | 524.4 | 545.1 | 453.2 | 415.3 | 460.1 | 332.9 | 483.9 | 665.5 | 405.7 | 291.3 | 774.7 | 191.5 | -257.9 | 290 | 162 | 242.9 | 184.5 | 204.1 | 153.9 | -2,115.6 | -93 | 28.3 | 45.6 | -27.6 | -120.4 | -15.1 | 153.9 | 47.8 | 34.4 | -252.5 | -35.4 | -39.4 | -237.4 | -11.9 | -12.9 | 2.4 | -246.5 | 44.8 | 38.6 | 49.8 | 106.9 | 135.9 | 118.7 | 129.4 | 113.5 | 62.4 | 30.5 | 43.2 | 39.8 | 25 | 52.1 | 79.3 | 82.9 | 43.9 | 68.6 | 46.6 | 28.3 | 4.3 | 14.3 | 38.9 | 64 | 9.9 |
| Income Before Tax Ratio
| 0.077 | 0.119 | 0.142 | 0.125 | 0.09 | 0.109 | 0.085 | 0.142 | 0.147 | 0.089 | 0.054 | 0.128 | 0.039 | -0.047 | 0.065 | 0.047 | 0.067 | 0.072 | 0.096 | 0.101 | -1.033 | -0.038 | 0.015 | 0.023 | -0.012 | -0.046 | -0.005 | 0.063 | 0.019 | 0.013 | -0.118 | -0.019 | -0.019 | -0.118 | -0.007 | -0.008 | 0.002 | -0.15 | 0.027 | 0.023 | 0.03 | 0.053 | 0.059 | 0.058 | 0.055 | 0.053 | 0.04 | 0.021 | 0.031 | 0.026 | 0.018 | 0.039 | 0.048 | 0.043 | 0.026 | 0.04 | 0.029 | 0.019 | 0.004 | 0.012 | 0.026 | 0.046 | 0.009 |
| Income Tax Expense
| 72.2 | 110.4 | 97 | 94.3 | 82.7 | 102.5 | 53.9 | 96.4 | 110.3 | 9.8 | 12 | 87.1 | 22.9 | -8.7 | 2 | 6.6 | 15 | 38.5 | 31.9 | -23.2 | -295.3 | -77.9 | -3.8 | -3.3 | -2.9 | -32.2 | -3.9 | 32.8 | 8.9 | -264.8 | -97.4 | -106 | 71.1 | -96.8 | -8.7 | 1.7 | 3.1 | -14.5 | 24 | 14.8 | 15.2 | 14.4 | 15.5 | 15.5 | 22.5 | 17.9 | 13 | 8 | 9.4 | 12.2 | 6 | 8.6 | 10.1 | 8.1 | 7.4 | 5.3 | 5.8 | 4 | 8.6 | 6.9 | 3 | 15.6 | -0.6 |
| Net Income
| 270.5 | 351 | 387.4 | 298.5 | 275.2 | 299.6 | 220 | 329.3 | 497 | 318 | 279.3 | 596.4 | 168.6 | -313.6 | 182.2 | 56.2 | 146.4 | 33.6 | 69.3 | 81 | -1,737.8 | -112.8 | -47.3 | -10.2 | -38.9 | -106.6 | -23.7 | 109.1 | 22.9 | 283.3 | -167.6 | 57.6 | -119.3 | -150.8 | -10.7 | -23.2 | -2.7 | 26.9 | 12.7 | 15.2 | 3.2 | 25.6 | 30.7 | 26.4 | 19.6 | 20.4 | 16.3 | 15 | 13.4 | 11.2 | 8.7 | 8.6 | 9.6 | 8.5 | 4.9 | 10.5 | 6.8 | -7.8 | -17.5 | -11.6 | 21.9 | 16.3 | -0.5 |
| Net Income Ratio
| 0.059 | 0.08 | 0.101 | 0.082 | 0.06 | 0.071 | 0.056 | 0.097 | 0.11 | 0.07 | 0.052 | 0.098 | 0.034 | -0.058 | 0.041 | 0.016 | 0.04 | 0.013 | 0.033 | 0.053 | -0.848 | -0.046 | -0.025 | -0.005 | -0.017 | -0.041 | -0.008 | 0.045 | 0.009 | 0.105 | -0.079 | 0.031 | -0.056 | -0.075 | -0.006 | -0.015 | -0.002 | 0.016 | 0.008 | 0.009 | 0.002 | 0.013 | 0.013 | 0.013 | 0.008 | 0.009 | 0.01 | 0.01 | 0.01 | 0.007 | 0.006 | 0.007 | 0.006 | 0.004 | 0.003 | 0.006 | 0.004 | -0.005 | -0.014 | -0.009 | 0.015 | 0.012 | -0 |
| EPS
| 0.912 | 1.46 | 1.76 | 1.34 | 1.23 | 1.25 | 0.97 | 1.44 | 0.028 | 1.4 | 1.23 | 2.62 | 0.74 | -1.37 | 0.7 | 0.15 | 0.54 | 1.15 | 0.16 | 0.21 | -7.46 | -0.48 | -0.2 | -0.045 | -0.17 | -0.46 | -0.11 | 0.36 | -0.03 | 1.3 | -0.78 | 0.14 | -0.62 | -0.83 | -0.064 | -0.15 | -0.017 | 0.48 | 0.23 | 0.27 | 0.07 | 0.61 | 0.73 | 0.63 | 0.47 | 0.49 | 0.39 | 0.36 | 0.32 | 0.27 | 0.21 | 0.21 | 0.23 | 0.21 | 0.12 | 0.26 | 0.17 | -0.19 | -0.41 | -0.27 | 5.62 | 0.39 | -0.13 |
| EPS Diluted
| 0.909 | 1.46 | 1.75 | 1.33 | 1.22 | 1.25 | 0.97 | 1.44 | 0.028 | 1.38 | 1.21 | 2.57 | 0.73 | -1.13 | 0.66 | 0.15 | 0.53 | 0.96 | 0.16 | 0.21 | -7.46 | -0.48 | -0.2 | -0.044 | -0.17 | -0.46 | -0.1 | 0.35 | -0.03 | 1.3 | -0.78 | 0.14 | -0.62 | -0.82 | -0.062 | -0.14 | -0.017 | 0.48 | 0.23 | 0.27 | 0.07 | 0.61 | 0.73 | 0.63 | 0.47 | 0.48 | 0.39 | 0.36 | 0.32 | 0.27 | 0.21 | 0.21 | 0.23 | 0.2 | 0.12 | 0.25 | 0.16 | -0.19 | -0.41 | -0.27 | 5.62 | 0.39 | -0.13 |
| EBITDA
| 910.9 | 1,087.1 | 1,086.4 | 977.4 | 981.6 | 978.1 | 837.8 | 982.7 | 1,161.5 | 881.1 | 718.5 | 722.9 | 506 | 66.5 | 590.4 | 458.7 | 561.2 | 2,936.1 | 505.5 | 417.6 | 604.4 | 450.7 | 256.9 | 350.9 | 298.7 | 323.7 | 345.1 | 311.3 | 284.4 | 319.5 | 263.7 | 241.7 | 257.7 | 285.5 | 240.3 | 252.4 | 253.9 | 303.9 | 281.1 | 277.7 | 258.1 | 256 | 257.5 | 237.1 | 238 | 222.2 | 157.5 | 126.6 | 137.9 | 157.8 | 107.6 | 131.5 | 155.1 | 158 | 116.3 | 145.1 | 118.5 | 101.9 | 104.1 | 94.7 | 109.2 | 134.2 | 95.4 |
| EBITDA Ratio
| 0.2 | 0.247 | 0.282 | 0.27 | 0.214 | 0.231 | 0.215 | 0.289 | 0.257 | 0.193 | 0.134 | 0.119 | 0.102 | 0.012 | 0.132 | 0.134 | 0.154 | 1.141 | 0.239 | 0.274 | 0.295 | 0.182 | 0.135 | 0.176 | 0.13 | 0.125 | 0.116 | 0.127 | 0.116 | 0.118 | 0.124 | 0.129 | 0.122 | 0.142 | 0.145 | 0.159 | 0.176 | 0.184 | 0.172 | 0.163 | 0.154 | 0.126 | 0.113 | 0.115 | 0.101 | 0.103 | 0.101 | 0.088 | 0.099 | 0.103 | 0.077 | 0.1 | 0.094 | 0.082 | 0.068 | 0.084 | 0.073 | 0.067 | 0.085 | 0.076 | 0.074 | 0.096 | 0.085 |