Net Income
Targa Resources Net Income decreased by 11.9% to $487.40M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 74.2%, from $279.80M to $487.40M. Over 3 years (FY 2022 to FY 2025), Net Income shows an upward trend with a 8.5% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
An increase signals improved profitability and potential for higher dividends or reinvestment, while a decrease may indicate rising costs or slowing sales.
Detailed definition
Net income represents the total profit of the company after all operating expenses, interest, taxes, and preferred stock...
Peer comparison
Peer companies in the consumer electronics and software sectors typically trade on multiples of this figure, though it can be impacted by one-time tax events.
net_income_cfHistorical Data
| Q2 '21 | Q3 '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 | $155.40M | $288.00M | $168.60M | $687.60M | $279.30M | $395.90M | $555.20M | $387.50M | $279.00M | $357.60M | $332.60M | $358.90M | $448.10M | $413.90M | $279.80M | $637.20M | $486.60M | $553.10M | $487.40M |
| QoQ Change | — | +85.3% | -41.5% | +307.8% | -59.4% | +41.7% | +40.2% | -30.2% | -28.0% | +28.2% | -7.0% | +7.9% | +24.9% | -7.6% | -32.4% | +127.7% | -23.6% | +13.7% | -11.9% |
| YoY Change | — | — | — | +342.5% | -3.0% | — | +229.3% | -43.6% | -0.1% | -9.7% | -40.1% | -7.4% | +60.6% | +15.7% | -15.9% | +77.5% | +8.6% | +33.6% | +74.2% |
Net Income at Other Companies
Frequently Asked Questions
- What is Targa Resources's net income?
- Targa Resources (TRGP) reported net income of $487.40M in Q1 2026.
- How has Targa Resources's net income changed year-over-year?
- Targa Resources's net income increased by 74.2% year-over-year, from $279.80M to $487.40M.
- 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 8.5% compound annual growth rate (CAGR), from $1.53B to $1.96B.
- What does net income mean?
- The company's total profit after all expenses and taxes have been paid.