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Targa Resources TRGP Other operating expenses

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Other financials

Income statement

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Revenue$4.1B-10.2%
Gross profit$1.7B+30.4%
Operating income$846.9M+55.9%
Net income$479.6M+77.3%
EPS (diluted)$2.21+143%

Balance sheet

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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

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Operating cash flow$739.5M-22.5%
CapEx$899.5M+13.5%
Free cash flow-$160.0M-199%

Valuation

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Market cap$58.03B+62.3%
Enterprise value$58.28B+62.1%
P/E27.2×+5.4×
P/S3.5×+1.4×

Profitability

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Gross margin41.8%+7.3pp
Operating margin21.9%+6.1pp
Net margin12.9%+4.9pp
FCF margin4.8%-3.1pp

Returns & leverage

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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:OtherOperatingIncomeExpenseNet.

The source filing: Targa Resources’s 10-Q, filed May 7, 2026.

Filed
May 7, 2026, 3:36 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001193125-26-211698
Line itemThree Months Ended March 31, 2026Three Months Ended March 31, 2025
Operating expenses333.7303.6
Depreciation and amortization expense426.0367.6
General and administrative expense107.894.5
Other operating (income) expense(14.2)(5.3)
Income (loss) from operations846.9543.3
Other income (expense):
Interest expense, net(227.6)(197.1)
Equity earnings (loss)8.65.5

Item 1. Financial Statements.

FAQ

What is Targa Resources's other operating expenses?
Targa Resources (TRGP) reported other operating expenses of $14.2M in Q1 2026.
How has Targa Resources's other operating expenses changed year-over-year?
Targa Resources's other operating expenses increased by 167.9% year-over-year, from $5.3M to $14.2M.
What is the long-term trend for Targa Resources's other operating expenses?
Over 2 years (2021 to 2025), Targa Resources's other operating expenses has grown at a 57.0% compound annual growth rate (CAGR), from -$12.3M to $30.3M.
What does other operating expenses mean?
Residual operating expenses not classified into specific categories, serving as a catch-all for miscellaneous operating costs.

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