Targa Resources Corp. (TRGP) Quarterly Income Statement

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Targa Resources Corp. (TRGP) quarterly income statement — complete revenue, gross profit & net income history

Quarterly statement

TRGP Income Statement

Targa Resources Corp. (TRGP) annual income statement — 18-year revenue, gross profit & net income history

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23	Q1'23	Q4'22	Q3'22	Q2'22	Q1'22	Q4'21	Q3'21

Sales/Revenue	4.44B	4.09B	4.06B	4.2B	4.03B	4.85B	4.41B	3.89B	3.62B	4.56B	4.23B	3.88B	3.21B	4.3B	4.55B	5.36B	6.23B	4.96B	5.44B	4.54B
Revenue Growth %	10.28%	-15.62%	-7.94%	8.13%	11.26%	6.37%	4.1%	0.12%	12.77%	6.17%	-7.09%	-27.59%	-48.52%	-13.35%	-16.3%	17.98%	76.75%	31.63%	86.21%	126.5%
Cost of Goods Sold	2.3B	2.82B	2.31B	3.22B	3.13B	3.93B	3.3B	3.02B	2.84B	3.56B	3.51B	3.3B	2.67B	3.6B	3.65B	4.59B	5.53B	4.41B	4.79B	4.03B
COGS % of Revenue	51.85%	68.88%	56.9%	76.72%	77.82%	80.96%	74.93%	77.75%	78.39%	78%	82.93%	85%	83.32%	83.82%	80.23%	85.7%	88.78%	88.99%	88.01%	88.63%
Gross Profit	2.14B	1.27B	1.75B	978.3M	892.9M	923.8M	1.1B	864.5M	781.9M	1B	722.4M	582.4M	535.1M	695.3M	900.7M	766.6M	699.5M	545.9M	652.2M	516.5M
Gross Margin %	48.15%	31.12%	43.1%	23.28%	22.18%	19.04%	25.07%	22.25%	21.61%	22%	17.07%	15%	16.68%	16.18%	19.77%	14.3%	11.22%	11.01%	11.99%	11.37%
Gross Profit Growth %	139.46%	37.93%	58.3%	13.16%	14.2%	-7.98%	52.85%	48.44%	46.12%	44.38%	-19.8%	-24.03%	-23.5%	27.37%	38.1%	48.42%	66.39%	0.39%	-10.84%	62.88%
Operating Expenses	903.6M	427.3M	830.5M	93.6M	84.3M	87.7M	403.7M	100.5M	98.4M	364.5M	95.3M	90M	81M	82.4M	349.3M	336.6M	70.4M	250.1M	743.8M	65.8M
OpEx % of Revenue	20.35%	10.44%	20.48%	2.23%	2.09%	1.81%	9.16%	2.59%	2.72%	7.99%	2.25%	2.32%	2.52%	1.92%	7.67%	6.28%	1.13%	5.04%	13.67%	1.45%
Selling, General & Admin	108.1M	107.8M	111.7M	104.8M	95M	94.5M	97.5M	102.6M	98.3M	86.5M	95.3M	90M	81M	82.4M	92.5M	79.1M	71M	67.1M	80.8M	67.3M
SG&A % of Revenue	2.43%	2.63%	2.75%	2.49%	2.36%	1.95%	2.21%	2.64%	2.72%	1.9%	2.25%	2.32%	2.52%	1.92%	2.03%	1.48%	1.14%	1.35%	1.48%	1.48%
Research & Development	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	1000K	1000K	1000K	-1000K	-1000K	-1000K	1000K	-1000K	100K	1000K	0	0	0	0	1000K	1000K	-600K	1000K	1000K	-1000K
Operating Income	1.23B	846.9M	917.4M	884.7M	808.6M	836.1M	700.5M	764M	683.5M	639.4M	627.1M	492.4M	454.1M	612.9M	551.4M	430M	629.1M	295.8M	-91.6M	450.7M
Operating Margin %	27.8%	20.68%	22.62%	21.06%	20.08%	17.23%	15.9%	19.66%	18.89%	14.01%	14.82%	12.69%	14.15%	14.26%	12.11%	8.02%	10.09%	5.96%	-1.68%	9.92%
Operating Income Growth %	52.67%	1.29%	30.96%	15.8%	18.3%	30.76%	11.7%	55.16%	50.52%	4.32%	13.73%	14.51%	-27.82%	107.2%	701.97%	-4.59%	76.17%	-38.67%	-113.94%	74.83%
EBITDA	1.69B	1.27B	1.31B	1.27B	1.18B	1.2B	1.08B	1.12B	1.03B	979.9M	969.9M	825.1M	787.7M	939.3M	881.2M	717.2M	900.1M	504.9M	128.1M	674.5M
EBITDA Margin %	38.01%	31.09%	32.25%	30.18%	29.37%	24.8%	24.49%	28.83%	28.57%	21.48%	22.92%	21.26%	24.55%	21.86%	19.35%	13.38%	14.44%	10.18%	2.35%	14.85%
EBITDA Growth %	42.74%	5.75%	21.21%	13.19%	14.38%	22.84%	11.25%	35.79%	31.23%	4.32%	10.07%	15.04%	-12.49%	86.04%	587.9%	6.33%	57.88%	-27.81%	-85.38%	45.87%
D&A (Non-Cash Add-back)	453.1M	426M	390.5M	383.5M	373.7M	367.6M	378.5M	356.4M	350.2M	340.5M	342.8M	332.7M	333.6M	326.4M	329.8M	287.2M	271M	209.1M	219.7M	223.8M
EBIT	787.1M	611.3M	908.2M	842.2M	1.04B	549.1M	702.1M	730M	629.2M	643.9M	638.1M	508M	650.5M	833.5M	551.3M	417.1M	855.9M	295.8M	-154.2M	381M
Net Interest Income	-236.6M	0	-216M	-221.3M	-218.4M	-197.1M	-177.7M	-184.9M	-176M	-228.6M	-178M	-175.1M	-166.6M	-168M	-145.6M	-125.8M	-81.2M	-93.6M	-103.7M	-91M
Interest Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Expense	236.6M	0	216M	221.3M	218.4M	197.1M	177.7M	184.9M	176M	228.6M	178M	175.1M	166.6M	168M	145.6M	125.8M	81.2M	93.6M	103.7M	91M
Other Income/Expense	-684M	-235.6M	-225.2M	-263.8M	12.7M	-484.1M	-176.1M	-218.9M	-230.3M	-224.1M	-167M	-159.5M	29.8M	52.6M	-145.7M	-138.7M	145.6M	-104.3M	-166.3M	-160.7M
Pretax Income	550.5M	611.3M	692.2M	620.9M	821.3M	352M	524.4M	545.1M	453.2M	415.3M	460.1M	332.9M	483.9M	665.5M	405.7M	291.3M	774.7M	191.5M	-257.9M	290M
Pretax Margin %	12.4%	14.93%	17.07%	14.78%	20.4%	7.25%	11.9%	14.03%	12.52%	9.1%	10.87%	8.58%	15.08%	15.49%	8.91%	5.43%	12.43%	3.86%	-4.74%	6.38%
Income Tax	-227.2M	123.9M	139.1M	134.3M	184.1M	72.2M	110.4M	97M	94.3M	82.7M	102.5M	53.9M	96.4M	110.3M	9.8M	12M	87.1M	22.9M	-8.7M	2M
Effective Tax Rate %	-41.27%	20.27%	20.1%	21.63%	22.42%	20.51%	21.05%	17.79%	20.81%	19.91%	22.28%	16.19%	19.92%	16.57%	2.42%	4.12%	11.24%	11.96%	3.37%	0.69%
Net Income	764.6M	479.6M	545M	475.5M	625.1M	198.8M	351M	384.5M	296.2M	275.2M	277.7M	217.8M	325.7M	6.3M	318M	193.1M	596.4M	88M	-313.6M	182.2M
Net Margin %	17.22%	11.71%	13.44%	11.32%	15.53%	4.1%	7.97%	9.89%	8.19%	6.03%	6.56%	5.61%	10.15%	0.15%	6.98%	3.6%	9.57%	1.77%	-5.76%	4.01%
Net Income Growth %	22.32%	141.25%	55.27%	23.67%	111.04%	-27.76%	26.4%	76.54%	-9.06%	4268.25%	-12.67%	12.79%	-45.39%	-92.84%	201.4%	5.98%	961.21%	-39.89%	-1033.33%	162.91%
Net Income (Continuing)	777.7M	487.4M	553.1M	486.6M	637.2M	279.8M	414M	448.1M	358.9M	332.6M	357.6M	279M	387.5M	555.2M	395.9M	279.3M	687.6M	168.6M	-249.2M	288M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Minority Interest	139.2M	132.5M	130.3M	127M	123.3M	121.2M	1.83B	1.88B	1.88B	1.87B	1.87B	1.87B	1.86B	1.86B	2.32B	2.35B	2.33B	2.32B	3.17B	3.21B
EPS (Diluted)	3.56	2.21	2.53	2.20	2.88	0.91	1.45	1.75	1.33	1.22	1.25	0.97	1.44	0.03	1.41	0.84	1.61	0.06	-1.47	0.58
EPS Growth %	23.61%	142.86%	74.48%	25.71%	115.76%	-25.43%	16.23%	80.86%	-7.05%	4337.82%	-11.3%	15.4%	-10.72%	-51.24%	195.7%	44.49%	981.78%	-87.57%	-	267.74%
EPS (Basic)	3.56	2.23	2.53	2.21	2.89	0.91	1.45	1.76	1.34	1.23	1.25	0.97	1.44	0.03	1.41	0.85	1.64	0.06	-1.47	0.70
Diluted Shares Outstanding	215M	215M	215M	216M	217.3M	218.7M	221.3M	220M	221.9M	223.7M	222.61M	225.1M	226.8M	229.3M	230.2M	230.3M	231.7M	232.4M	276.4M	276.4M
Basic Shares Outstanding	215M	215M	215M	215.2M	216.6M	217.9M	220.2M	219M	221M	222.8M	222.61M	223.8M	225.6M	226.4M	226.85M	226.6M	227.8M	228.5M	228.8M	228.8M
Dividend Payout Ratio	35.27%	45.64%	39.6%	45.62%	34.94%	84.1%	46.98%	43.28%	56.58%	42.37%	40.51%	52.89%	35.09%	1353.97%	25.44%	41.95%	18.41%	122.73%	-	26.07%