Targa Resources Corp.
NYSE:TRGP
167.76 (USD) • At close August 29, 2025
Overview | Financials
Numbers are in millions (except for per share data and ratios) USD.
| 2025 Q2 | 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
| 4,026.2 | 4,852.8 | 4,524.9 | 3,885.9 | 3,618.6 | 4,597.5 | 4,231.8 | 3,881.4 | 3,208.7 | 4,297.3 | 4,566.7 | 5,603.3 | 6,232.5 | 5,281.8 | 5,603.6 | 4,543.4 | 3,526.1 | 3,767.4 | 2,922.3 | 2,005.9 | 1,455.2 | 1,889 | 2,472.7 | 1,964.3 | 1,953.1 | 2,287.6 | 2,596.3 | 3,011.4 | 2,454.4 | 2,493.1 | 2,747.4 | 2,135.4 | 1,862.3 | 2,119.5 | 2,012.6 | 1,644.5 | 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
| 3,133.3 | 3,929 | 3,606.9 | 3,021.4 | 2,836.7 | 3,836.5 | 3,509.4 | 3,299 | 2,673.6 | 3,602 | 3,906.2 | 4,854.8 | 5,533 | 4,596.7 | 4,991.1 | 4,026.9 | 3,105.7 | 3,223.6 | 2,190.8 | 1,688.8 | 1,248.5 | 1,622 | 2,147.6 | 1,772.6 | 1,809 | 2,153.6 | 2,400.6 | 2,784.7 | 2,278.4 | 2,312.3 | 2,535.1 | 2,026.9 | 1,779.2 | 1,997.2 | 1,877.8 | 1,549.7 | 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
| 892.9 | 923.8 | 918 | 864.5 | 781.9 | 761 | 722.4 | 582.4 | 535.1 | 695.3 | 660.5 | 748.5 | 699.5 | 685.1 | 612.5 | 516.5 | 420.4 | 543.8 | 731.5 | 317.1 | 206.7 | 267 | 325.1 | 191.7 | 144.1 | 134 | 195.7 | 226.7 | 176 | 180.8 | 212.3 | 108.5 | 83.1 | 122.3 | 134.8 | 94.8 | 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
| 0.222 | 0.19 | 0.203 | 0.222 | 0.216 | 0.166 | 0.171 | 0.15 | 0.167 | 0.162 | 0.145 | 0.134 | 0.112 | 0.13 | 0.109 | 0.114 | 0.119 | 0.144 | 0.25 | 0.158 | 0.142 | 0.141 | 0.131 | 0.098 | 0.074 | 0.059 | 0.075 | 0.075 | 0.072 | 0.073 | 0.077 | 0.051 | 0.045 | 0.058 | 0.067 | 0.058 | 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 | 0 |
| General & Administrative Expenses
| 95 | 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 | 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 | 8.8 | 0 | 0 | 0 | 0 | 0 |
| SG&A
| 95 | 94.5 | 97.5 | 102.6 | 98.3 | 86.5 | 95.3 | 90 | 81 | 82.4 | 92.5 | 79.1 | 71 | 67.1 | 80.7 | 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 | 54 | 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
| -10.7 | -6.8 | 0.2 | -2.1 | 0.1 | 0.1 | 0 | 0 | 0 | 0 | 0 | 0 | -0.6 | -1 | 0 | -1.5 | -0.4 | 0.1 | 0.3 | 0.7 | 0.4 | 0.5 | -3.7 | 0 | 0 | 3.4 | 2.2 | 0.7 | 0.3 | 0.4 | 0.2 | 0.3 | 0.2 | 0.1 | 0.5 | 4.9 | 139 | 157.1 | 641.6 | 133.7 | 136.9 | 111.9 | 111.4 | 108.5 | 106.2 | 103.6 | 1.3 | 101.8 | 100.2 | 86.1 | 86.9 | 145.8 | 125.6 | 119 | 120.2 | 121.9 | 116.9 | 109.4 | 114.1 | 116 | 105.8 | 105.1 | 94.9 | 107.8 |
| Operating Expenses
| 84.3 | 87.7 | 97.7 | 100.5 | 98.4 | 86.6 | 95.3 | 90 | 81 | 82.4 | 92.5 | 79.1 | 70.4 | 66.1 | 80.7 | 65.8 | 63.3 | 61.5 | 74.3 | 59.3 | 61.9 | 61 | 53.5 | 69.9 | 72.8 | 84.5 | 82.2 | 63.9 | 57.3 | 57.1 | 54.2 | 50.2 | 51.2 | 48.8 | 49.4 | 51 | 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
| 808.6 | 836.1 | 820.3 | 764 | 683.5 | 674.4 | 627.1 | 492.4 | 454.1 | 612.9 | 568 | 669.4 | 629.1 | 619 | 531.8 | 450.7 | 357.1 | 482.3 | 657.2 | 257.8 | 144.8 | 206 | 271.6 | 121.8 | 71.3 | 49.5 | 113.5 | 162.8 | 118.7 | 123.7 | 158.1 | 58.3 | 31.9 | 73.5 | 85.4 | 43.8 | 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
| 0.201 | 0.172 | 0.181 | 0.197 | 0.189 | 0.147 | 0.148 | 0.127 | 0.142 | 0.143 | 0.124 | 0.119 | 0.101 | 0.117 | 0.095 | 0.099 | 0.101 | 0.128 | 0.225 | 0.129 | 0.1 | 0.109 | 0.11 | 0.062 | 0.037 | 0.022 | 0.044 | 0.054 | 0.048 | 0.05 | 0.058 | 0.027 | 0.017 | 0.035 | 0.042 | 0.027 | 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
| 12.7 | -484.1 | -295.8 | -218.9 | -230.3 | -259.1 | -167 | -159.5 | 29.8 | 52.6 | -162.3 | -378.1 | 145.6 | -427.5 | -789.7 | -160.7 | -195.1 | -239.4 | -472.7 | -53.7 | 9.1 | -2,321.6 | -364.6 | -93.5 | -25.7 | -77.1 | -233.8 | -177.9 | 35.2 | -75.9 | -123.7 | -310.8 | -67.3 | -112.9 | -322.8 | -55.7 | -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
| 821.3 | 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
| 0.204 | 0.073 | 0.116 | 0.14 | 0.125 | 0.09 | 0.109 | 0.086 | 0.151 | 0.155 | 0.089 | 0.052 | 0.124 | 0.036 | -0.046 | 0.064 | 0.046 | 0.064 | 0.063 | 0.102 | 0.106 | -1.12 | -0.038 | 0.014 | 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
| 184.1 | 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
| 625.1 | 198.8 | 315.9 | 384.5 | 296.2 | 273 | 277.7 | 217.8 | 325.7 | 6.3 | 317.9 | 193.1 | 596.4 | 34.9 | -313.6 | 182.2 | 56.2 | 146.4 | 33.6 | 69.3 | 81 | -1,737.8 | -112.8 | -47.3 | -10.2 | -38.9 | -106.4 | -23.7 | 109.1 | 22.9 | 283.1 | -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
| 0.155 | 0.041 | 0.07 | 0.099 | 0.082 | 0.059 | 0.066 | 0.056 | 0.102 | 0.001 | 0.07 | 0.034 | 0.096 | 0.007 | -0.056 | 0.04 | 0.016 | 0.039 | 0.011 | 0.035 | 0.056 | -0.92 | -0.046 | -0.024 | -0.005 | -0.017 | -0.041 | -0.008 | 0.044 | 0.009 | 0.103 | -0.078 | 0.031 | -0.056 | -0.075 | -0.007 | -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
| 2.886 | 0.912 | 1.451 | 1.756 | 1.34 | 1.225 | 1.248 | 0.973 | 1.444 | 0.028 | 1.406 | 0.852 | 1.636 | 0.057 | -1.47 | 0.701 | 0.151 | 0.545 | -0.004 | 0.158 | 0.21 | -7.595 | -0.62 | -0.338 | -0.177 | -0.3 | -0.591 | -0.238 | 0.36 | -0.03 | 1.17 | -0.91 | 0.14 | -0.77 | -0.972 | -0.23 | -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
| 2.877 | 0.909 | 1.451 | 1.748 | 1.335 | 1.22 | 1.248 | 0.968 | 1.436 | 0.028 | 1.406 | 0.839 | 1.609 | 0.056 | -1.47 | 0.58 | 0.149 | 0.454 | -0.004 | 0.158 | 0.209 | -7.595 | -0.62 | -0.338 | -0.177 | -0.3 | -0.591 | -0.238 | 0.35 | -0.03 | 1.05 | -0.91 | 0.14 | -0.77 | -0.972 | -0.23 | -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
| 1,413.4 | 916.7 | 1,087.1 | 1,086.4 | 979.4 | 986 | 980.9 | 840.7 | 984.1 | 1,159.9 | 882.3 | 705.6 | 1,126.9 | 495.3 | 66.5 | 604.8 | 469.8 | 558.4 | 502.2 | 506.4 | 456.1 | -1,777.8 | 256.7 | 363.1 | 356.2 | 291.4 | 156.7 | 279.4 | 422.4 | 303.2 | 294.4 | 11.1 | 226.6 | 216 | 25 | 236 | 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
| 0.351 | 0.189 | 0.24 | 0.28 | 0.271 | 0.214 | 0.232 | 0.217 | 0.307 | 0.27 | 0.193 | 0.126 | 0.181 | 0.094 | 0.012 | 0.133 | 0.133 | 0.148 | 0.172 | 0.252 | 0.313 | -0.941 | 0.104 | 0.185 | 0.182 | 0.127 | 0.06 | 0.093 | 0.172 | 0.122 | 0.107 | 0.005 | 0.122 | 0.102 | 0.012 | 0.144 | 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 |