Income Before Tax
Pre-Tax Income
Targa Resources Pre-Tax Income decreased by 11.7% to $611.30M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 73.7%, from $352.00M to $611.30M. Over 3 years (FY 2022 to FY 2025), Pre-Tax Income shows an upward trend with a 14.3% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
StatementIncome Statement
SectionIncome Before Tax
CategoryProfitability
SignalHigher is better
VolatilityModerate
First reportedQ1 2013
Last reportedQ1 2026
How to read this metric
This provides a view of profitability that is not skewed by varying tax rates or one-time tax credits.
Detailed definition
A company's profits before the deduction of corporate income tax. It combines operating performance with non-operating f...
Peer comparison
Used to compare companies across different tax jurisdictions to see who generates more raw profit.
Metric ID:
income_before_taxHistorical Data
19 periods
| Q2 '21 | Q3 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $162.00M | $290.00M | $191.50M | $774.70M | $291.30M | $405.70M | $665.50M | $483.90M | $332.90M | $460.20M | $415.30M | $453.20M | $545.10M | $524.40M | $352.00M | $821.30M | $620.90M | $692.20M | $611.30M |
| QoQ Change | — | +79.0% | -34.0% | +304.5% | -62.4% | +39.3% | +64.0% | -27.3% | -31.2% | +38.2% | -9.8% | +9.1% | +20.3% | -3.8% | -32.9% | +133.3% | -24.4% | +11.5% | -11.7% |
| YoY Change | — | — | — | +378.2% | +0.4% | — | +247.5% | -37.5% | +14.3% | +13.4% | -37.6% | -6.3% | +63.7% | +14.0% | -15.2% | +81.2% | +13.9% | +32.0% | +73.7% |
Range$162.00M – $821.30M
CAGR+34.3%
Avg YoY Growth+55.7%
Median YoY Growth+14.0%
Pre-Tax Income at Other Companies
Frequently Asked Questions
- What is Targa Resources's pre-tax income?
- Targa Resources (TRGP) reported pre-tax income of $611.30M in Q1 2026.
- How has Targa Resources's pre-tax income changed year-over-year?
- Targa Resources's pre-tax income increased by 73.7% year-over-year, from $352.00M to $611.30M.
- What is the long-term trend for Targa Resources's pre-tax income?
- Over 3 years (2022 to 2025), Targa Resources's pre-tax income has grown at a 14.3% compound annual growth rate (CAGR), from $1.66B to $2.49B.
- What does pre-tax income mean?
- The total profit a company made before paying its income taxes.