Targa Resources TRGP Business Segments
| TTM Q1 '26 | TTM Q4 '25 | TTM Q3 '25 | TTM Q2 '25 | TTM Q1 '25 | ||
|---|---|---|---|---|---|---|
| Revenue by Business | ||||||
| All Other Segments | $133.2M+2,613% | -$5.3M+93.6% | -$83.1M-29.2% | -$64.3M+83.6% | -$391.4M-138% | |
| Corporate Non Segment And Inter Segment Elimination | -$4.35B+12.1% | -$4.95B+6.2% | -$5.28B-6.0% | -$4.98B-6.0% | -$4.69B-9.3% | |
| Gathering And Processing | $7B-5.6% | $7.42B-3.9% | $7.72B+4.1% | $7.41B+3.2% | $7.19B+5.6% | |
| Logistics And Transportation | $13.77B-5.4% | $14.56B-3.0% | $15.02B+2.1% | $14.71B+3.0% | $14.28B+1.8% | |
| Segment Operating Margin by Business | ||||||
| All Other Segments | $133.2M+2,613% | -$5.3M+93.6% | -$83.1M-29.2% | -$64.3M+83.6% | -$391.4M-138% | |
| Gathering And Processing | $2.54B+4.2% | $2.44B+0.5% | $2.43B+2.2% | $2.37B+0.6% | $2.36B+2.0% | |
| Logistics And Transportation | $2.91B+4.5% | $2.79B+5.4% | $2.65B+3.6% | $2.55B+3.4% | $2.47B+4.9% | |
| Reportable Segment Aggregation Before Other Operating | $5.46B+4.4% | $5.23B+3.1% | $5.07B+2.9% | $4.93B+2.1% | $4.83B+3.4% | |
| Segment Reporting Other Item Amount by Business | ||||||
| Gathering And Processing | $3.53B-13.3% | $4.07B-7.8% | $4.41B+5.3% | $4.19B+5.0% | $3.99B+8.5% | |
| Logistics And Transportation | $10.46B-8.1% | $11.38B-5.0% | $11.98B+1.9% | $11.76B+2.8% | $11.44B+1.1% | |
| Total Assets by Business | ||||||
| All Other Segments | $6.1M— | —— | —— | —— | —— | |
| Corporate Non Segment And Inter Segment Elimination | $1.08B+0.6% | $1.07B+7.2% | $997.7M+10.6% | $902.2M+6.1% | $850.4M+12.4% | |
| Gathering And Processing | $59.43B+4.8% | $56.69B+2.2% | $55.46B+1.9% | $54.44B+1.8% | $53.46B+1.7% | |
| Logistics And Transportation | $1.47B+1,681% | -$92.8M+92.7% | -$1.28B-108% | $16.94B-50.7% | $34.39B+2.8% | |
| Segment Expenditure Addition To Long Lived Assets by Business | ||||||
| Gathering And Processing | $2.19B+7.3% | $2.05B+0.1% | $2.04B+3.4% | $1.98B+1.1% | $1.95B-0.1% | |
| Logistics And Transportation | $1.56B+13.4% | $1.37B+18.1% | $1.16B+4.6% | $1.11B+1.2% | $1.1B-9.8% | |
| Operating Expenses by Business | ||||||
| Gathering And Processing | $932.4M+2.8% | $907M+2.9% | $881.1M+3.8% | $848.7M+1.6% | $835M+2.5% | |
| Logistics And Transportation | $398.4M+1.2% | $393.7M+1.4% | $388.3M+0.1% | $387.8M+5.4% | $367.8M+1.5% | |
| Revenue by Product | ||||||
| Natural Gas Liquids Reserves | $11.69B-3.3% | $12.08B-3.1% | $12.47B-0.4% | $12.52B+0.9% | $12.4B+0.3% | |
| Natural Gas Reserves | $1.83B-10.2% | $2.04B-1.3% | $2.06B+19.3% | $1.73B+21.0% | $1.43B+15.1% | |
| NGL Transportation Fractionation And Services | $303.3M-1.5% | $308M-3.8% | $320.2M+4.6% | $306.1M+2.7% | $298.1M-0.1% | |
| Oil And Condensate | $463.1M+3.3% | $448.3M-1.3% | $454.4M-3.2% | $469.6M-6.7% | $503.4M-3.9% | |
| Service | $2.7B+2.8% | $2.62B+0.1% | $2.62B+1.8% | $2.58B+1.1% | $2.55B+2.3% | |
| Storage Terminaling And Export | $488.1M-2.5% | $500.4M-0.9% | $505.1M-1.7% | $513.9M+1.3% | $507.5M+1.9% |
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.
