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Targa Resources TRGP Business Segments

FY'25FY'24FY'23FY'22
Revenue by Business
All Other Segments-$5.3M+96.8%-$164.7M-156%$294.2M+197%-$302.5M-161%
Corporate Non Segment And Inter Segment Elimination-$4.95B-15.2%-$4.29B+15.9%-$5.1B+47.7%-$9.76B-49.7%
Gathering And Processing$7.42B+8.9%$6.81B-5.8%$7.23B-35.7%$11.25B+51.5%
Logistics And Transportation$14.56B+3.8%$14.03B+2.7%$13.66B-30.8%$19.74B+22.2%
Segment Operating Margin by Business
All Other Segments-$5.3M+96.8%-$164.7M-160%$275.5M
Gathering And Processing$2.44B+5.5%$2.31B+11.1%$2.08B
Logistics And Transportation$2.79B+18.4%$2.36B+20.9%$1.95B
Reportable Segment Aggregation Before Other Operating$5.23B+12.0%$4.67B+15.8%$4.03B
Segment Reporting Other Item Amount by Business
Gathering And Processing$4.07B+10.6%$3.68B-16.4%$4.4B
Logistics And Transportation$11.38B+0.6%$11.31B-0.5%$11.38B
Total Assets by Business
Corporate Non Segment And Inter Segment Elimination$1.07B+41.4%$756.4M-17.5%$917.2M+21.1%$757.1M+7.3%
Gathering And Processing$56.69B+7.9%$52.55B+5.9%$49.61B+22.8%$40.41B+20.0%
Logistics And Transportation-$92.8M-100%$33.43B+16.1%$28.79B+1.4%$28.41B+2.7%
Segment Expenditure Addition To Long Lived Assets by Business
Gathering And Processing$2.05B+4.6%$1.96B+29.1%$1.51B+65.0%$918.1M+94.6%
Logistics And Transportation$1.37B+12.8%$1.22B+33.7%$910M+101%$453M+480%
Operating Expenses by Business
Gathering And Processing$907M+11.3%$814.9M+9.1%$746.6M+22.0%$611.8M
Logistics And Transportation$393.7M+8.7%$362.3M+9.1%$332M+10.6%$300.2M
Revenue by Product
Natural Gas Liquids Reserves$12.08B-2.4%$12.37B+16.9%$10.58B-23.2%$13.79B+12.9%
Natural Gas Reserves$2.04B+64.0%$1.24B-48.7%$2.42B-55.7%$5.47B+55.2%
NGL Transportation Fractionation And Services$308M+3.2%$298.5M+14.3%$261.2M-8.4%$285M+49.4%
Oil And Condensate$448.3M-14.4%$523.6M+0.8%$519.4M-8.1%$565.2M+57.7%
Service$2.62B+5.4%$2.49B+18.7%$2.1B+12.6%$1.86B+38.3%
Storage Terminaling And Export$500.4M+0.5%$497.8M+12.9%$440.8M+18.4%$372.2M-1.9%

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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.