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+134% | -$5.3M+96.8% | -$83.1M+3.8% | -$64.3M+37.1% | -$391.4M-506% | |
| Corporate Non Segment And Inter Segment Elimination | -$4.35B+7.4% | -$4.95B-15.2% | -$5.28B-24.3% | -$4.98B-6.2% | -$4.69B+3.2% | |
| Gathering And Processing | $7B-2.6% | $7.42B+8.9% | $7.72B+14.5% | $7.41B+5.3% | $7.19B+1.4% | |
| Logistics And Transportation | $13.77B-3.5% | $14.56B+3.8% | $15.02B+8.6% | $14.71B+4.9% | $14.28B+3.6% | |
| Segment Operating Margin by Business | ||||||
| All Other Segments | $133.2M+134% | -$5.3M+96.8% | -$83.1M-374% | -$64.3M-193% | -$391.4M-312% | |
| Gathering And Processing | $2.54B+7.7% | $2.44B+5.5% | $2.43B+8.6% | $2.37B+9.4% | $2.36B+11.3% | |
| Logistics And Transportation | $2.91B+18.0% | $2.79B+18.4% | $2.65B+21.0% | $2.55B+24.4% | $2.47B+23.9% | |
| Reportable Segment Aggregation Before Other Operating | $5.46B+13.0% | $5.23B+12.0% | $5.07B+14.7% | $4.93B+16.6% | $4.83B+17.4% | |
| Segment Reporting Other Item Amount by Business | ||||||
| Gathering And Processing | $3.53B-11.7% | $4.07B+10.6% | $4.41B+19.6% | $4.19B+4.5% | $3.99B-8.7% | |
| Logistics And Transportation | $10.46B-8.6% | $11.38B+0.6% | $11.98B+8.5% | $11.76B+3.4% | $11.44B-3.5% | |
| Total Assets by Business | ||||||
| All Other Segments | $6.1M— | —— | —— | —— | —— | |
| Corporate Non Segment And Inter Segment Elimination | $1.08B+26.5% | $1.07B+41.4% | $997.7M+37.2% | $902.2M+18.7% | $850.4M+4.8% | |
| Gathering And Processing | $59.43B+11.2% | $56.69B+7.9% | $55.46B+7.4% | $54.44B+7.0% | $53.46B+6.5% | |
| Logistics And Transportation | $1.47B-95.7% | -$92.8M-100% | -$1.28B-104% | $16.94B-46.0% | $34.39B+14.2% | |
| Segment Expenditure Addition To Long Lived Assets by Business | ||||||
| Gathering And Processing | $2.19B+12.3% | $2.05B+4.6% | $2.04B+14.0% | $1.98B+14.3% | $1.95B+16.3% | |
| Logistics And Transportation | $1.56B+41.8% | $1.37B+12.8% | $1.16B-4.7% | $1.11B-7.2% | $1.1B+6.9% | |
| Operating Expenses by Business | ||||||
| Gathering And Processing | $932.4M+11.7% | $907M+11.3% | $881.1M+12.4% | $848.7M+10.6% | $835M+11.6% | |
| Logistics And Transportation | $398.4M+8.3% | $393.7M+8.7% | $388.3M+8.9% | $387.8M+13.6% | $367.8M+8.5% | |
| Revenue by Product | ||||||
| Natural Gas Liquids Reserves | $11.69B-5.8% | $12.08B-2.4% | $12.47B+4.3% | $12.52B+7.6% | $12.4B+12.1% | |
| Natural Gas Reserves | $1.83B+27.9% | $2.04B+64.0% | $2.06B+46.6% | $1.73B-6.3% | $1.43B-32.0% | |
| NGL Transportation Fractionation And Services | $303.3M+1.7% | $308M+3.2% | $320.2M+9.6% | $306.1M+5.4% | $298.1M+7.0% | |
| Oil And Condensate | $463.1M-8.0% | $448.3M-14.4% | $454.4M-14.6% | $469.6M-10.8% | $503.4M-6.0% | |
| Service | $2.7B+5.9% | $2.62B+5.4% | $2.62B+7.4% | $2.58B+10.6% | $2.55B+14.6% | |
| Storage Terminaling And Export | $488.1M-3.8% | $500.4M+0.5% | $505.1M+0.9% | $513.9M+6.9% | $507.5M+10.9% |
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.
