Targa Resources TRGP Business Segments
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Revenue by Business | ||||||
| All Other Segments | -$110.3M-21,960% | -$500K+98.6% | -$36.5M-113% | $280.5M+213% | -$248.8M-218% | |
| Corporate Non Segment And Inter Segment Elimination | -$983.7M-3.1% | -$953.7M+21.9% | -$1.22B-2.7% | -$1.19B+25.0% | -$1.58B-23.4% | |
| Gathering And Processing | $1.78B+10.8% | $1.6B-14.4% | $1.87B+7.3% | $1.75B-20.4% | $2.19B+14.9% | |
| Logistics And Transportation | $3.41B+0.2% | $3.41B-3.6% | $3.53B+3.3% | $3.42B-18.5% | $4.2B+8.9% | |
| Segment Operating Margin by Business | ||||||
| All Other Segments | -$110.3M-21,960% | -$500K+98.6% | -$36.5M-113% | $280.5M+213% | -$248.8M-218% | |
| Gathering And Processing | $703.5M+15.0% | $611.8M-4.0% | $637.6M+8.5% | $587.6M-2.4% | $602.2M+0.5% | |
| Logistics And Transportation | $773.3M-3.2% | $799M+12.5% | $710.2M+12.3% | $632.4M-2.2% | $646.7M-1.4% | |
| Reportable Segment Aggregation Before Other Operating | $1.48B+4.7% | $1.41B+4.7% | $1.35B+10.5% | $1.22B-2.3% | $1.25B-0.5% | |
| Segment Reporting Other Item Amount by Business | ||||||
| Gathering And Processing | $840.4M+12.2% | $748.8M-25.1% | $1B+6.5% | $938.7M-32.1% | $1.38B+26.6% | |
| Logistics And Transportation | $2.54B+1.0% | $2.51B-7.8% | $2.73B+1.5% | $2.68B-22.4% | $3.46B+11.1% | |
| Total Assets by Business | ||||||
| All Other Segments | $100K-94.4% | $1.8M-56.1% | $4.1M+4,000% | $100K— | —— | |
| Corporate Non Segment And Inter Segment Elimination | $257.6M-15.8% | $306.1M+13.1% | $270.6M+11.9% | $241.8M-3.8% | $251.3M+7.4% | |
| Gathering And Processing | $16.47B+11.2% | $14.81B+4.2% | $14.21B+2.0% | $13.94B+1.5% | $13.73B+1.1% | |
| Logistics And Transportation | $10.38B+2.7% | $10.11B+204% | -$9.69B-3.8% | -$9.33B-206% | $8.82B-1.1% | |
| Segment Expenditure Addition To Long Lived Assets by Business | ||||||
| Corporate Non Segment And Inter Segment Elimination | $7.8M— | —— | $5.7M-41.2% | $9.7M-6.7% | $10.4M+9.5% | |
| Gathering And Processing | $581.8M-2.9% | $598.9M+8.3% | $553M+20.0% | $461M+6.4% | $433.2M-27.3% | |
| Logistics And Transportation | $358.7M-24.1% | $472.8M+56.1% | $302.9M-28.2% | $421.8M+141% | $174.7M-33.4% | |
| Operating Expenses by Business | ||||||
| Gathering And Processing | $233.6M-4.0% | $243.3M+3.0% | $236.1M+7.6% | $219.4M+5.4% | $208.2M-4.2% | |
| Logistics And Transportation | $100.2M+6.4% | $94.2M-4.5% | $98.6M-6.5% | $105.4M+10.4% | $95.5M+7.5% | |
| Revenue by Product | ||||||
| Midstream Services Other | -$1.2M— | —— | $15.3M-4.4% | $16M+3,300% | -$500K-104% | |
| Natural Gas Liquids Reserves | $2.98B+0.8% | $2.96B+1.7% | $2.91B+2.7% | $2.83B-16.1% | $3.38B+0.9% | |
| Natural Gas Reserves | $473.7M+20.5% | $393.1M-21.8% | $502.5M+9.7% | $458.2M-32.8% | $681.9M+62.6% | |
| NGL Transportation Fractionation And Services | $68.5M+5.9% | $64.7M-25.5% | $86.9M+4.4% | $83.2M+13.7% | $73.2M-4.8% | |
| Oil And Condensate | $131.8M+17.7% | $112M+3.7% | $108M-3.0% | $111.3M-4.9% | $117M-0.9% | |
| Service | $750.1M+16.7% | $642.6M-5.7% | $681.3M+9.2% | $623.8M-7.9% | $677.1M+5.8% | |
| Storage Terminaling And Export | $123.1M-6.0% | $130.9M+15.6% | $113.2M-6.4% | $120.9M-10.7% | $135.4M-0.1% |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- How does Targa Resources break its business down?
- Targa Resources (TRGP) reports revenue by business across 4 parts — All Other Segments, Corporate Non Segment And Inter Segment Elimination, Gathering And Processing and Logistics And Transportation. Each is extracted from the segment footnotes and tracked over time.
- Where does Targa Resources's segment data come from?
- Segment breakdowns are pulled from the segment footnotes in Targa Resources's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.
