Targa Resources, Inc.
TRGP Energy Oil & Gas Midstream
Targa Resources, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $17.0 billion, up 3.95% from fiscal 2024. In the quarter to June 2026, revenue grew 4.23%, EPS grew 22.9%, free cash flow grew 1,002.1% and total debt rose 16.2%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for five consecutive years, operating cash flow growth for five.
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Targa Resources, Inc. (TRGP) Net income
Targa Resources, Inc.'s net income for fiscal 2025 was $2.0B, up 26.0% from $1.6B in fiscal 2024. Over the twelve months to 30 June 2026 it was $2.3B. Over the past ten years it has ranged from −$1.3B (fiscal 2020) to $2.0B (fiscal 2025) — the current reading is the highest in ten years. Targa Resources, Inc. ranks 13th of 58 Oil & Gas Midstream companies by net income.
Net income, annual
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Annual newest first
| Period | Net income | Change |
|---|---|---|
| FY2025 | $2.0B | 25.95% |
| FY2024 | $1.6B | (1.63%) |
| FY2023 | $1.6B | 3.13% |
| FY2022 | $1.5B | 262.81% |
| FY2021 | $422.1M | — |
| FY2020 | −$1.3B | — |
| FY2019 | $41.2M | (31.79%) |
| FY2018 | $60.4M | (42.03%) |
| FY2017 | $104.2M | — |
| FY2016 | −$159.1M | — |
Quarterly newest first
| Period | Net income | Change |
|---|---|---|
| Jun 2026 | $777.7M | 59.56% |
| Mar 2026 | $487.4M | (11.88%) |
| Dec 2025 | $553.1M | 13.67% |
| Sep 2025 | $486.6M | (23.63%) |
| 42 more quarters | Free account |
Against its own ten years
Net income against peers
| Company | Net income |
|---|---|
| ET Energy Transfer LP compare | $7.0B |
| EPD Enterprise Products Partners L.P. compare | $6.4B |
| MPLX MPLX LP compare | $4.8B |
| LNG Cheniere Energy, Inc. compare | $4.5B |
| OKE ONEOK, Inc. compare | $3.7B |
| KMI Kinder Morgan, Inc. compare | $3.6B |
| WMB Williams Companies, Inc. (The) compare | $3.2B |
| TRP TC Energy Corporation compare | $3.0B |
| TRGP Targa Resources, Inc. | $2.3B |
What Net income is
Net Income tells an investor how much profit a company kept in a period after every cost, interest charge and tax.
Reported line item
More on TRGP
- Revenue
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement