undamentalytics Newsletter
Sign in

Targa Resources income statement

In fiscal 2025, Targa Resources reported revenue of $17.03bn, up 3.9% on the year before, operating income of $3.33bn (a 19.6% margin) and net income of $1.92bn, or $8.49 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2016Dec 20162017Dec 20172018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMJun 2026
Revenue5.68.810.58.78.316.920.916.116.417.016.7
Cost of revenue4.96.98.26.25.213.716.910.710.710.59.5
Gross profit1.81.92.22.63.13.24.05.45.76.57.2
General and administrative0.20.20.30.30.30.30.30.30.40.40.4
Operating income0.1−0.10.20.2−1.30.91.72.62.73.33.8
Net interest income−0.3−0.2—————————
Income before tax−0.3−0.30.1−0.0−1.60.41.71.91.92.52.9
Income tax−0.1−0.40.0−0.1−0.20.00.10.40.40.50.6
Net income−0.20.10.0−0.2−1.60.11.21.31.31.92.3
Diluted EPS−$1.80−$0.31−$0.53−$1.44−$7.26−$0.07$3.88$3.66$5.74$8.49$10.52
Diluted shares (average)154m207m224m233m232m229m231m226m221m217m216m
EBITDA0.80.71.11.2−0.41.72.84.04.14.85.5

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

Compare with peers

Head to head: KMI vs TRGPMPLX vs TRGPTRGP vs WMBLNG vs TRGP

More: Oil & Gas Storage & Transportation stocks compared, Energy sector, rankings of US companies

Figures from Targa Resources's SEC filings (10-K and 10-Q), retrieved October 20, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Targa Resources.