Targa Resources Corp. (TRGP) Earnings History
Profitable18 years of earnings data (2008–2025) · Positive TTM net income
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Targa Resources Corp. (TRGP) Earnings Overview
As of June 21, 2026, Targa Resources Corp. (TRGP) reported trailing twelve-month net income of $2.13B, reflecting +48.4% year-over-year growth. The company earned $9.88 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 ($163M net income, 8.1% 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% |
| 2015 | $58M | -43.0% | $361M | $1.09 | 0.9% | 5.5% |
| 2014 | $102M | +57.1% | $646M | $2.43 | 1.2% | 7.5% |
| 2013 | $65M | +70.9% | $356M | $1.55 | 1.0% | 5.4% |
| 2012 | $38M | +24.1% | $309M | $0.91 | 0.7% | 5.3% |
| 2011 | $31M | +304.7% | $351M | $0.74 | 0.4% | 5.0% |
| 2010 | -$15M | -151.2% | $188M | $-31.12 | -0.3% | 3.4% |
| 2009 | $29M | -21.4% | $219M | $1.79 | 0.6% | 4.8% |
| 2008 | $37M | - | $248M | $2.28 | 0.5% | 3.1% |
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TRGP — Frequently Asked Questions
Quick answers to the most common questions about buying TRGP stock.
What is TRGP earnings per share (EPS)?
TRGP trailing twelve-month (TTM) diluted EPS is $9.88, reflecting +48.4% year-over-year growth. The 5-year EPS CAGR is N/A. Complete EPS history from 2008 to 2025 is available in the table on this page.
What is Targa Resources Corp.'s net income?
Targa Resources Corp. (TRGP) trailing twelve-month net income is $2.1B as of 2025. Earnings grew +48.4% year-over-year. Targa Resources Corp. has been profitable for 5 consecutive years.
Is TRGP profitable?
Yes, TRGP is profitable with a TTM net income of $2.1B and a net profit margin of +10.8%. Targa Resources Corp. has generated profits for 5 consecutive years.
What is TRGP's earnings growth rate?
TRGP compound annual EPS growth rates (CAGR): 1-Year: +48.4%, 3-Year: +30.0%, 5-Year: N/A, 10-Year: +22.8%. These figures measure the annualised rate of diluted EPS growth over each period, based on data from 2008 to 2025.
What are TRGP's profit margins?
Targa Resources Corp. net profit margin is +10.8%, operating margin is +20.1%, and gross margin is +26.5%. Margins are within a typical range for the sector. Return on Equity is +48.4%.
Is TRGP growing earnings?
Yes, TRGP earnings are accelerating — EPS growth of +48.4% exceeds the 5-year CAGR of N/A. TTM net income reached $2.1B. Earnings momentum is strengthening.
What was TRGP's best earnings year?
Targa Resources Corp.'s highest annual net income on record is $1.8B, achieved in fiscal year 2025. Earnings history on this page spans 2008 to 2025 and includes all annual and quarterly figures.
What were TRGP's earnings last quarter?
TRGP's most recent reported quarter was Q1 2026. Net income was $480M with diluted EPS of $2.21. For a full breakdown of all quarters, see the quarterly earnings table on this page.