What is Targa Resources's revenue?

Targa Resources (TRGP) generated $16.6B in revenue over the trailing twelve months, up 1.1% year over year.

Is Targa Resources profitable?

Targa Resources reported $2.1B in net income over the trailing twelve months, a 12.9% net margin.

What are Targa Resources's profit margins?

Gross margin is 41.8% and operating margin is 21.9%, with a 12.9% net margin.

What is Targa Resources's earnings per share?

Targa Resources's diluted EPS over the trailing twelve months is $9.79.

Where does Targa Resources's income statement data come from?

Every line is extracted from Targa Resources's SEC filings (10-K and 10-Q) and tagged in XBRL. Switch between quarterly, annual, and trailing-twelve-month views, or open any line for its full history and peer comparisons.

Targa Resources TRGP Income Statement

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	TTM Q1 '26	TTM Q4 '25	TTM Q3 '25	TTM Q2 '25	TTM Q1 '25
Total revenue	$16.56B-2.7%	$17.03B-2.0%	$17.38B+1.8%	$17.08B+4.3%	$16.38B0.0%
Total cost of revenue	$9.64B-8.2%	$10.51B-5.5%	$11.12B+1.3%	$10.98B+2.2%	$10.74B+0.4%
Gross profit	$6.92B+6.1%	$6.52B+4.2%	$6.26B+2.6%	$6.1B+8.2%	$5.64B-0.7%
Gross margin	41.8%+3.5pp	38.3%+2.3pp	36%+0.3pp	35.7%+1.3pp	34.4%-0.2pp
General and administrative	$419.3M+3.3%	$406M+3.6%	$391.8M+0.6%	$389.6M-0.8%	$392.9M+2.1%
Total costs & expenses	$1.33B+2.3%	$1.3B+2.5%	$1.27B+2.6%	$1.23B+2.7%	$1.2B+2.2%
Operating income	$3.63B+9.1%	$3.33B+7.0%	$3.11B+3.6%	$3.01B+15.6%	$2.6B-3.6%
Operating margin	21.9%+2.4pp	19.6%+1.6pp	17.9%+0.3pp	17.6%+1.7pp	15.9%-0.6pp
Other income (expense), net	-$20.7M-445%	-$3.8M-1,367%	$300K-70.0%	$1M+211%	-$900K-280%
Income before income taxes	$2.75B+10.4%	$2.49B+7.2%	$2.32B+3.4%	$2.24B+19.6%	$1.87B-3.3%
Income tax expense	$581.4M+9.8%	$529.7M+5.7%	$501M+8.0%	$463.7M+24.0%	$373.9M-2.7%
Net income	$2.13B+10.9%	$1.92B+11.2%	$1.73B+5.6%	$1.64B+25.3%	$1.31B-0.4%
Net margin	12.9%+1.6pp	11.3%+1.3pp	9.9%+0.4pp	9.6%+1.6pp	8%0.0pp
Diluted earnings per share	$9.79+15.3%	$8.49+14.4%	$7.42+6.5%	$6.97+28.4%	$5.43-5.4%
EBITDA	$5.21B+7.5%	$4.85B+5.0%	$4.62B+3.1%	$4.48B+10.7%	$4.05B-1.7%
EBITDA margin	31.4%+3.0pp	28.5%+1.9pp	26.6%+0.3pp	26.2%+1.5pp	24.7%-0.4pp
EBIT	$3.63B+9.1%	$3.33B+7.0%	$3.11B+3.6%	$3.01B+15.6%	$2.6B-3.6%

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Questions, answered.

What is Targa Resources's revenue?: Targa Resources (TRGP) generated $16.6B in revenue over the trailing twelve months, up 1.1% year over year.
Is Targa Resources profitable?: Targa Resources reported $2.1B in net income over the trailing twelve months, a 12.9% net margin.
What are Targa Resources's profit margins?: Gross margin is 41.8% and operating margin is 21.9%, with a 12.9% net margin.
What is Targa Resources's earnings per share?: Targa Resources's diluted EPS over the trailing twelve months is $9.79.
Where does Targa Resources's income statement data come from?: Every line is extracted from Targa Resources's SEC filings (10-K and 10-Q) and tagged in XBRL. Switch between quarterly, annual, and trailing-twelve-month views, or open any line for its full history and peer comparisons.