What is Targa Resources's total revenue?

Targa Resources (TRGP) reported total revenue of $4.09B in Q1 2026.

How has Targa Resources's total revenue changed year-over-year?

Targa Resources's total revenue decreased by 10.2% year-over-year, from $4.56B to $4.09B.

What is the long-term trend for Targa Resources's total revenue?

Over 4 years (2021 to 2025), Targa Resources's total revenue has grown at a 0.1% compound annual growth rate (CAGR), from $16.95B to $17.03B.

What does total revenue mean?

The aggregate of all revenue from the company's operations — the top line from which all profitability metrics are derived.

Targa Resources TRGP Total Revenue

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Segments

By product

See full

Natural Gas Liquids Reserves$2.98B-11.7%

Service$750.1M+10.8%

Natural Gas Reserves$473.7M-30.5%

Oil And Condensate$131.8M+12.6%

Storage Terminaling And Export$123.1M-9.1%

NGL Transportation Fractionation And Services$68.5M-6.4%

By segment

See full

Logistics And Transportation$3.41B-18.8%

Gathering And Processing$1.78B-18.9%

Corporate Non Segment And Inter Segment Elimination-$983.7M+37.9%

All Other Segments-$110.3M+55.7%

Other financials

Income statement

See full

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

See full

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

See full

Operating cash flow$739.5M-22.5%

CapEx$899.5M+13.5%

Free cash flow-$160.0M-199%

Valuation

See full

Market cap$58.69B+58.5%

Enterprise value$58.94B+58.6%

P/E27.5×-0.8×

P/S3.5×+1.3×

Profitability

See full

Gross margin41.8%+7.3pp

Operating margin21.9%+6.1pp

Net margin12.9%+4.9pp

FCF margin4.8%-3.1pp

Returns & leverage

See full

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:Revenues.

The official record: Targa Resources’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Targa Resources's total revenue?: Targa Resources (TRGP) reported total revenue of $4.09B in Q1 2026.
How has Targa Resources's total revenue changed year-over-year?: Targa Resources's total revenue decreased by 10.2% year-over-year, from $4.56B to $4.09B.
What is the long-term trend for Targa Resources's total revenue?: Over 4 years (2021 to 2025), Targa Resources's total revenue has grown at a 0.1% compound annual growth rate (CAGR), from $16.95B to $17.03B.
What does total revenue mean?: The aggregate of all revenue from the company's operations — the top line from which all profitability metrics are derived.