Revenue
Total Revenue
Targa Resources Total Revenue increased by 1.0% to $4.09B in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 10.2%, from $4.56B to $4.09B. Over 4 years (FY 2021 to FY 2025), Total Revenue shows relatively stable performance with a 0.1% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
StatementIncome Statement
SectionRevenue
CategoryGrowth
SignalHigher is better
VolatilityStable
First reportedQ1 2013
Last reportedQ1 2026
How to read this metric
An increase indicates growing market demand or successful price increases, while a decrease suggests market saturation or competitive pressure.
Detailed definition
The total amount of income generated by the sale of goods or services related to the company's primary operations. For a...
Peer comparison
Peer technology firms typically report this as Net Sales or Total Revenue, reflecting the scale of their market reach.
Metric ID:
total_revenueHistorical Data
20 periods
| Q2 '21 | Q3 '21 | Q4 '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 | $3.42B | $4.46B | $5.44B | $4.96B | $6.06B | $5.36B | $4.55B | $4.52B | $3.40B | $3.90B | $4.24B | $4.56B | $3.56B | $3.85B | $4.41B | $4.56B | $4.26B | $4.15B | $4.06B | $4.09B |
| QoQ Change | — | +30.6% | +22.0% | -8.9% | +22.1% | -11.5% | -15.0% | -0.8% | -24.7% | +14.5% | +8.8% | +7.6% | -21.9% | +8.1% | +14.4% | +3.5% | -6.6% | -2.6% | -2.3% | +1.0% |
| YoY Change | — | — | — | — | +77.3% | +20.2% | -16.3% | -8.8% | -43.8% | -27.3% | -6.9% | +0.9% | +4.7% | -1.1% | +3.9% | -0.0% | +19.6% | +7.8% | -7.9% | -10.2% |
Range$3.40B – $6.06B
CAGR+3.9%
Avg YoY Growth+0.7%
Median YoY Growth-0.6%
Product Breakdown
| Segment | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Natural Gas Liquids Reserves | $2.74B | $2.96B | $3.31B | $3.38B | $2.83B | $2.91B | $2.96B | $2.98B |
| Service | $570.90M | $634.80M | $674.60M | $677.10M | $623.80M | $681.30M | $642.60M | $750.10M |
| Natural Gas Reserves | $158.60M | $168.40M | $419.50M | $681.90M | $458.20M | $502.50M | $393.10M | $473.70M |
| Oil And Condensate | $145.10M | $123.20M | $118.10M | $117.00M | $111.30M | $108.00M | $112.00M | $131.80M |
| Storage Terminaling And Export | $114.50M | $122.00M | $135.70M | $131.80M | $120.90M | $113.20M | $130.90M | $123.10M |
| NGL Transportation Fractionation And Services | $50.80M | $72.80M | $111.80M | $76.80M | $83.20M | $86.90M | $64.70M | $68.50M |
| Midstream Services Other | $19.90M | $13.60M | $12.30M | -$500.00K | $16.00M | $15.30M | — | -$1.20M |
| Total | $3.56B | $3.85B | $4.41B | $4.56B | $4.26B | $4.15B | $4.06B | $4.09B |
Business Segments
| Segment | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Logistics And Transportation | $3.00B | $3.22B | $3.86B | $4.20B | $3.42B | $3.53B | $3.41B | $3.41B |
| Gathering And Processing | $1.52B | $1.57B | $1.91B | $2.19B | $1.75B | $1.87B | $1.60B | $1.78B |
| Corporate Non Segment And Inter Segment Elimination | -$905.70M | -$921.60M | -$1.28B | -$1.58B | -$1.19B | -$1.22B | -$953.70M | -$983.70M |
| All Other Segments | -$46.60M | -$17.70M | -$78.20M | -$248.80M | $280.50M | -$36.50M | -$500.00K | -$110.30M |
| Total | $3.56B | $3.85B | $4.41B | $4.56B | $4.26B | $4.15B | $4.06B | $4.09B |
Total Revenue at Other Companies
Frequently Asked Questions
- What is Targa Resources's total revenue?
- Targa Resources (TRGP) reported total revenue of $4.09B in Q1 2026.
- How has Targa Resources's total revenue changed year-over-year?
- Targa Resources's total revenue decreased by 10.2% year-over-year, from $4.56B to $4.09B.
- What is the long-term trend for Targa Resources's total revenue?
- Over 4 years (2021 to 2025), Targa Resources's total revenue has grown at a 0.1% compound annual growth rate (CAGR), from $16.95B to $17.03B.
- What does total revenue mean?
- The total amount of money a company brings in from selling its products and services.