Service — Revenue
Targa Resources Service — Revenue increased by 16.7% to $750.10M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 10.8%, from $677.10M to $750.10M. Over 4 years (FY 2021 to FY 2025), Service — Revenue shows an upward trend with a 18.1% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
How to read this metric
An increase indicates higher utilization of midstream assets or successful expansion of service-based contracts, while a decrease may signal reduced production volumes from customers or pricing pressure in service agreements.
Detailed definition
This metric represents the total revenue generated from providing midstream services, such as gathering, processing, and...
Peer comparison
Comparable to fee-based revenue or service-related income reported by other midstream energy infrastructure companies and gathering and processing operators.
trgp_segment_service_revenuesHistorical Data
| 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 | $324.30M | $341.60M | $416.40M | $392.90M | $431.60M | $559.80M | $479.50M | $495.50M | $489.10M | $522.30M | $591.30M | $609.40M | $570.90M | $634.80M | $674.60M | $677.10M | $623.80M | $681.30M | $642.60M | $750.10M |
| QoQ Change | — | +5.3% | +21.9% | -5.6% | +9.8% | +29.7% | -14.3% | +3.3% | -1.3% | +6.8% | +13.2% | +3.1% | -6.3% | +11.2% | +6.3% | +0.4% | -7.9% | +9.2% | -5.7% | +16.7% |
| YoY Change | — | — | — | — | +33.1% | +63.9% | +15.2% | +26.1% | +13.3% | -6.7% | +23.3% | +23.0% | +16.7% | +21.5% | +14.1% | +11.1% | +9.3% | +7.3% | -4.7% | +10.8% |
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Frequently Asked Questions
- What is Targa Resources's service — revenue?
- Targa Resources (TRGP) reported service — revenue of $750.10M in Q1 2026.
- How has Targa Resources's service — revenue changed year-over-year?
- Targa Resources's service — revenue increased by 10.8% year-over-year, from $677.10M to $750.10M.
- What is the long-term trend for Targa Resources's service — revenue?
- Over 4 years (2021 to 2025), Targa Resources's service — revenue has grown at a 18.1% compound annual growth rate (CAGR), from $1.35B to $2.62B.
- What does service — revenue mean?
- Revenue earned from providing midstream infrastructure services like gathering and processing to other companies.