Product — Revenue Not From Contract With Customer
Targa Resources Product — Revenue Not From Contract With Customer decreased by 365.1% to -$243.70M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 16.3%, from -$291.30M to -$243.70M. Over 2 years (FY 2023 to FY 2025), Product — Revenue Not From Contract With Customer shows a downward trend with a -39.7% CAGR.
Analysis
How to read this metric
An increase often reflects favorable outcomes from hedging strategies or derivative gains, whereas a decrease may indicate losses on financial instruments used to mitigate commodity price risk.
Detailed definition
This metric captures revenue streams within the product segment that fall outside the scope of standard customer contrac...
Peer comparison
Comparable to non-operating revenue or derivative gain/loss line items reported by midstream peers engaged in active commodity hedging programs.
trgp_segment_product_revenue_not_from_contract_with_customerHistorical Data
| Q2 '22 | Q3 '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 | -$176.70M | -$243.20M | $223.20M | $195.00M | $15.20M | $7.70M | -$35.10M | -$56.60M | -$34.10M | -$119.60M | -$291.30M | $233.90M | -$50.50M | -$52.40M | -$243.70M |
| QoQ Change | — | -37.6% | +191.8% | -12.6% | -92.2% | -49.3% | -555.8% | -61.3% | +39.8% | -250.7% | -143.6% | +180.3% | -121.6% | -3.8% | -365.1% |
| YoY Change | — | — | — | +210.4% | +106.3% | — | -115.7% | -129.0% | -324.3% | <-999% | -729.9% | +513.3% | -48.1% | +56.2% | +16.3% |
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Frequently Asked Questions
- What is Targa Resources's product — revenue not from contract with customer?
- Targa Resources (TRGP) reported product — revenue not from contract with customer of -$243.70M in Q1 2026.
- How has Targa Resources's product — revenue not from contract with customer changed year-over-year?
- Targa Resources's product — revenue not from contract with customer increased by 16.3% year-over-year, from -$291.30M to -$243.70M.
- What is the long-term trend for Targa Resources's product — revenue not from contract with customer?
- Over 2 years (2023 to 2025), Targa Resources's product — revenue not from contract with customer has grown at a -39.7% compound annual growth rate (CAGR), from $441.10M to -$160.30M.
- What does product — revenue not from contract with customer mean?
- Revenue or gains derived from sources other than standard customer sales contracts, typically including hedging and derivative activities.