When did Targa Resources report Q4 2024 earnings?

Targa Resources (TRGP) reported Q4 2024 earnings on February 20, 2025 before market open.

What were Targa Resources's Q4 2024 revenue and EPS?

Targa Resources reported revenue of $4.4B and diluted EPS of $1.44 for Q4 2024.

Did Targa Resources beat estimates in Q4 2024?

Revenue missed the consensus estimate of $4.5B by $70.1M. EPS missed the consensus estimate of $1.92 by $0.48.

Where can I find Targa Resources's Q4 2024 SEC filings?

You can read the 10-K periodic report (0000950170-25-023983) directly on SEC EDGAR. The filing index links above go to sec.gov.

Targa Resources TRGP Q4 2024 Annual earnings

Reported February 20, 2025 · Before market open

Revenue$4.4BMiss by $70.1M Diluted EPS$1.44Miss by $0.48

Revenue estimate$4.5B

EPS estimate$1.92

Next report

Aug 6, 2026 (In 3 weeks)

Revenue estimate$4.8B

EPS estimate$2.75

Financials

Q4 2024

Income statement

See full

Revenue$4.4B+3.9%

Gross profit$1.5B+10.6%

Operating income$700.5M+10.3%

Net income$351.0M+17.2%

EPS (diluted)$1.44+17.1%

Balance sheet

See full

Cash & equivalents$157.3M+11.0%

Total debt$413.7M+12.4%

Total equity$2.6B-5.4%

Total assets$22.7B+10.0%

Cash flow

See full

Operating cash flow$1.3B+38.7%

CapEx$726.9M+1.0%

Free cash flow$601.0M+153%

Valuation & ratios

Valuation

as of 12/31/24

See full

Market cap$38.92B+101%

Enterprise value$39.18B+100%

P/E29.7×+15.3×

P/S2.4×+1.2×

Profitability

See full

Gross margin34.7%+1.1pp

Operating margin16.5%+0.1pp

Net margin8%-0.4pp

Returns & leverage

See full

Return on equity49.2%-0.6pp

Debt / equity0.2×0.0×

Current ratio0.7×-0.1×

Segments

By product

See full

Natural Gas Liquids Reserves$3.3B+14.3%

Service$639.7M+8.2%

Natural Gas Reserves$419.4M-28.4%

Storage Terminaling And Export$135.6M-2.0%

Oil And Condensate$118.1M-6.6%

By segment

See full

Logistics And Transportation$3.9B+5.6%

Gathering And Processing$1.9B+3.7%

All Other Segments-$78.3M—

Corporate Non Segment And Inter Segment Elimination-$1.3B-3.8%

Versus estimates

Revenue

Q1 2026$4.1BMiss by $581.6M Q4 2025$4.1BMiss by $674.0M Q3 2025$4.2BMiss by $360.4M Q2 2025$4.0BMiss by $862.7M Q1 2025$4.6BMiss by $337.2M

Q4 2024$4.4BMiss by $70.1M

Diluted EPS

Q1 2026$2.21Miss by $0.27 Q4 2025$2.51Beat by $0.21 Q3 2025$2.20Beat by $0.09 Q2 2025$2.87Beat by $1.01 Q1 2025$0.91Miss by $1.07

Q4 2024$1.44Miss by $0.48

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Questions, answered.

When did Targa Resources report Q4 2024 earnings?: Targa Resources (TRGP) reported Q4 2024 earnings on February 20, 2025 before market open.
What were Targa Resources's Q4 2024 revenue and EPS?: Targa Resources reported revenue of $4.4B and diluted EPS of $1.44 for Q4 2024.
Did Targa Resources beat estimates in Q4 2024?: Revenue missed the consensus estimate of $4.5B by $70.1M. EPS missed the consensus estimate of $1.92 by $0.48.
Where can I find Targa Resources's Q4 2024 SEC filings?: You can read the 10-K periodic report (0000950170-25-023983) directly on SEC EDGAR. The filing index links above go to sec.gov.