What is Targa Resources's net income?

Targa Resources (TRGP) reported net income of $479.6M in Q1 2026.

How has Targa Resources's net income changed year-over-year?

Targa Resources's net income increased by 77.3% year-over-year, from $270.5M to $479.6M.

What is the long-term trend for Targa Resources's net income?

Over 3 years (2022 to 2025), Targa Resources's net income has grown at a 17.2% compound annual growth rate (CAGR), from $1.2B to $1.92B.

What does net income mean?

The bottom line — total revenue minus all expenses, taxes, and costs. Represents the profit attributable to the company's shareholders after all obligations are met.

Targa Resources TRGP Net Income

Net Income at other companies

OneokOKE

$774M+21.7%

Enterprise Products PartnersEPD

$1.48B+6.4%

Energy TransferET

$1.25B-5.2%

MTD

Matador ResourcesMTDR

-$35.87M-115%

NextDecade CorporationNEXT

-$195.04M+20.5%

Kinder MorganKMI

——

Other financials

Income statement

See full

Revenue$4.1B-10.2%

Gross profit$1.7B+30.4%

Operating income$846.9M+55.9%

EPS (diluted)$2.21+143%

Balance sheet

See full

Cash & equivalents$100.1M-33.9%

Total debt$346.5M+17.0%

Total equity$3.1B+27.9%

Total assets$27.1B+18.9%

Cash flow

See full

Operating cash flow$739.5M-22.5%

CapEx$899.5M+13.5%

Free cash flow-$160.0M-199%

Valuation

See full

Market cap$58.69B+58.5%

Enterprise value$58.94B+58.6%

P/E27.5×-0.8×

P/S3.5×+1.3×

Profitability

See full

Gross margin41.8%+7.3pp

Operating margin21.9%+6.1pp

Net margin12.9%+4.9pp

FCF margin4.8%-3.1pp

Returns & leverage

See full

Return on equity76.3%+25.6pp

Debt / equity0.1×0.0×

Current ratio0.7×+0.1×

Where this comes from

Reported directly by Targa Resources in its filing.

Tagged under the XBRL concept us-gaap:NetIncomeLoss.

The official record: Targa Resources’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

Ask your AI about Targa Resources's net income.

Connect your AI assistant and compare it to peers, right in your chat.

Connect your AI

Claude

Questions, answered.

What is Targa Resources's net income?: Targa Resources (TRGP) reported net income of $479.6M in Q1 2026.
How has Targa Resources's net income changed year-over-year?: Targa Resources's net income increased by 77.3% year-over-year, from $270.5M to $479.6M.
What is the long-term trend for Targa Resources's net income?: Over 3 years (2022 to 2025), Targa Resources's net income has grown at a 17.2% compound annual growth rate (CAGR), from $1.2B to $1.92B.
What does net income mean?: The bottom line — total revenue minus all expenses, taxes, and costs. Represents the profit attributable to the company's shareholders after all obligations are met.