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Targa Resources TRGP Gathering And Processing — Revenue

Other segment segments

Logistics And Transportation
$3.41B-18.8%
Corporate Non Segment And Inter Segment Elimination
-$983.7M+37.9%
All Other Segments
-$110.3M+55.7%

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$204.1M+0.2%
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DTMGathering — Operating revenues
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OKENatural Gas Gathering and Processing — Total revenues (Note J)
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KNTKGathering and processing services — Total revenues
$93.77M-26.7%

Other financials

Income statement

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Revenue$4.1B-10.2%
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

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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

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Operating cash flow$739.5M-22.5%
CapEx$899.5M+13.5%
Free cash flow-$160.0M-199%

Valuation

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Market cap$58.69B+58.5%
Enterprise value$58.94B+58.6%
P/E27.5×-0.8×
P/S3.5×+1.3×

Profitability

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Gross margin41.8%+7.3pp
Operating margin21.9%+6.1pp
Net margin12.9%+4.9pp
FCF margin4.8%-3.1pp

Returns & leverage

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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 gathering and processing — revenue?
Targa Resources (TRGP) reported gathering and processing — revenue of $1.78B in Q1 2026.
How has Targa Resources's gathering and processing — revenue changed year-over-year?
Targa Resources's gathering and processing — revenue decreased by 18.9% year-over-year, from $2.19B to $1.78B.
What is the long-term trend for Targa Resources's gathering and processing — revenue?
Over 4 years (2021 to 2025), Targa Resources's gathering and processing — revenue has grown at a -0.0% compound annual growth rate (CAGR), from $7.43B to $7.42B.
What does gathering and processing — revenue mean?
This represents the total gross income generated from the gathering, compression, and processing of natural gas and natural gas liquids within the segment. It captures the top-line performance driven by throughput volumes and contractual fee structures. This is a primary indicator of the segment's market demand and operational scale.