Operating Income
Operating Income
Targa Resources Operating Income decreased by 7.7% to $846.90M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 55.9%, from $543.30M to $846.90M. Over 3 years (FY 2022 to FY 2025), Operating Income shows an upward trend with a 24.4% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
StatementIncome Statement
SectionOperating Income
CategoryProfitability
SignalHigher is better
VolatilityModerate
First reportedQ1 2013
Last reportedQ1 2026
How to read this metric
Growth in operating income suggests that the core business is becoming more profitable and efficient.
Detailed definition
The profit realized from a business's own operations after deducting operating expenses like wages, depreciation, and co...
Peer comparison
This is a key metric for comparing the fundamental business performance of companies with different tax or debt structures.
Metric ID:
operating_incomeHistorical 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 | $245.80M | $366.50M | $295.80M | $451.90M | $430.00M | $551.30M | $836.70M | $649.10M | $505.10M | $635.30M | $639.40M | $627.20M | $728.20M | $700.60M | $543.30M | $1.03B | $836.90M | $917.40M | $846.90M |
| QoQ Change | — | +49.1% | -19.3% | +52.8% | -4.8% | +28.2% | +51.8% | -22.4% | -22.2% | +25.8% | +0.6% | -1.9% | +16.1% | -3.8% | -22.5% | +90.2% | -19.0% | +9.6% | -7.7% |
| YoY Change | — | — | — | +83.8% | +17.3% | — | +182.9% | +43.6% | +17.5% | +15.2% | -23.6% | -3.4% | +44.2% | +10.3% | -15.0% | +64.8% | +14.9% | +30.9% | +55.9% |
Range$245.80M – $1.03B
CAGR+31.6%
Avg YoY Growth+36.0%
Median YoY Growth+17.5%
Operating Income at Other Companies
Frequently Asked Questions
- What is Targa Resources's operating income?
- Targa Resources (TRGP) reported operating income of $846.90M in Q1 2026.
- How has Targa Resources's operating income changed year-over-year?
- Targa Resources's operating income increased by 55.9% year-over-year, from $543.30M to $846.90M.
- What is the long-term trend for Targa Resources's operating income?
- Over 3 years (2022 to 2025), Targa Resources's operating income has grown at a 24.4% compound annual growth rate (CAGR), from $1.73B to $3.33B.
- What does operating income mean?
- The profit earned from core business activities, before accounting for interest and taxes.