Business Segments · Revenue

Gathering And Processing — Revenue

Targa Resources Gathering And Processing — Revenue increased by 10.8% to $1.78B in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 18.9%, from $2.19B to $1.78B. Over 4 years (FY 2021 to FY 2025), Gathering And Processing — Revenue shows relatively stable performance with a -0.0% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.

Analysis

StatementSegment
CategoryGrowth
SignalHigher is better
VolatilityVolatile
First reportedQ1 2016
Last reportedQ1 2026
Rolls up toTotal Revenue

How to read this metric

An increase indicates higher throughput volumes or favorable pricing environments, while a decrease suggests lower demand or contract renegotiations.

Detailed definition

This represents the total gross income generated from the gathering, compression, and processing of natural gas and natu...

Peer comparison

Comparable to revenue metrics for midstream gathering and processing segments at peer energy infrastructure companies.

Metric ID: trgp_segment_gathering_and_processing_revenues

Historical Data

20 periods
 Q2 '21Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Value$1.50B$2.15B$2.54B$2.38B$3.17B$3.33B$2.37B$1.96B$1.57B$1.87B$1.84B$1.81B$1.52B$1.57B$1.91B$2.19B$1.75B$1.87B$1.60B$1.78B
QoQ Change+42.8%+18.2%-6.4%+33.4%+5.1%-28.8%-17.5%-19.9%+19.3%-1.4%-1.4%-16.3%+3.2%+21.8%+14.9%-20.4%+7.3%-14.4%+10.8%
YoY Change+110.7%+55.1%-6.7%-17.7%-50.6%-43.9%-22.3%-7.2%-3.1%-16.1%+3.6%+20.8%+15.0%+19.6%-16.0%-18.9%
Range$1.50B$3.33B
CAGR+3.6%
Avg YoY Growth+1.4%
Median YoY Growth-6.9%

Frequently Asked Questions

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?
Total revenue earned from gathering and processing natural gas and liquids.