Targa Resources Corp. (TRGP) Earnings History
Annual and quarterly earnings data from 2008 to 2025
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TRGP EPS Growth (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
TRGP Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2025 | 26.5% | 20.1% | 10.8% |
| 2024 | 20.0% | 17.7% | 7.6% |
| 2023 | 16.2% | 14.0% | 5.3% |
| 2022 | 12.9% | 11.5% | 5.3% |
| 2021 | 12.0% | 10.4% | 0.4% |
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Targa Resources Corp. (TRGP) Earnings Overview
As of May 7, 2026, Targa Resources Corp. (TRGP) reported trailing twelve-month net income of $1.65B, reflecting +48.4% year-over-year growth. The company earned $7.64 per diluted share over the past four quarters, with a net profit margin of 10.8%.
Looking at the long-term picture, TRGP's historical earnings data spans multiple years. The company achieved its highest annual net income of $1.84B in fiscal 2025, representing a new all-time high.
Targa Resources Corp. maintains positive profitability with a gross margin of 26.5%, operating margin of 20.1%, and net margin of 10.8%. The company continues to generate positive earnings from operations. View revenue history →
Compared to peers including WES ($1.21B net income, 30.4% margin), CTRA ($1.67B net income, 62.4% margin), DT ($185M net income, 28.5% margin), TRGP has room to improve margins relative to the peer group. Compare TRGP vs WES →
TRGP Earnings vs Peers
Earnings metrics vs comparable public companies
TRGP Historical Earnings Data (2008–2025)
18 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $1.84B | +45.3% | $3.45B | $8.52 | 10.8% | 20.1% |
| 2024 | $1.27B | +53.3% | $2.94B | $5.74 | 7.6% | 17.7% |
| 2023 | $828M | -27.5% | $2.19B | $3.66 | 5.3% | 14.0% |
| 2022 | $1.14B | +1504.4% | $2.48B | $3.88 | 5.3% | 11.5% |
| 2021 | $71M | +104.6% | $1.82B | $-0.07 | 0.4% | 10.4% |
| 2020 | -$1.55B | -642.8% | $1.27B | $-7.26 | -18.8% | 15.3% |
| 2019 | -$209M | -13175.0% | $193M | $-1.44 | -2.4% | 2.2% |
| 2018 | $2M | -97.0% | $518M | $-0.53 | 0.0% | 4.9% |
| 2017 | $54M | +128.8% | $321M | $-0.31 | 0.6% | 3.6% |
| 2016 | -$187M | -421.3% | $223M | $-1.80 | -2.8% | 3.4% |
Full TRGP Stock Analysis
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Start ComparisonTRGP — Frequently Asked Questions
Quick answers to the most common questions about buying TRGP stock.
Is TRGP growing earnings?
TRGP EPS is $7.64, with earnings growth accelerating to +48.4%. This exceeds the 5-year CAGR of N/A. TTM net income reached $1.7B.
What are TRGP's profit margins?
Targa Resources Corp. net margin is +10.8%, with operating margin at +20.1%. Margins sit within typical range for the sector.
How consistent are TRGP's earnings?
TRGP earnings data spans 2008-2025. The accelerating earnings trend is +48.4% YoY. Historical data enables comparison across business cycles.