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Saturday 17 October 2026 Export TRGP’s income statement to Excel — free account

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.

294.21 11.66 +4.13%
Market cap
$60.6B
P/E
28.0×
Fwd P/E
24.7×
Dividend yield
1.53%
F-score
6/9
Altman Z
2.27
Beneish M
−3.05
Dividend safety
64/100
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Targa Resources, Inc. (TRGP) Net margin

Alert me on Net margin

Targa Resources, Inc.'s net margin over the twelve months to 30 June 2026 was 13.5%, up 2.7 percentage points from fiscal 2025 (10.8%). Over the past ten years it has ranged from −20.4% (fiscal 2020) to 10.8% (fiscal 2025) — the current reading is the highest in ten years. That is below the Oil & Gas Midstream industry median of 22.5% and above the Energy sector median of 7.30%.

Net margin, annual

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Annual newest first

Period Net margin Change (points)
FY2025 10.8% 3.06
FY2024 7.75% 2.59
FY2023 5.16% 0.88
FY2022 4.28% 4.37
FY2021 −0.09% 20.31
FY2020 −20.4% (16.55)
FY2019 −3.85% (2.71)
FY2018 −1.14% (0.42)
FY2017 −0.72% 3.44
FY2016 −4.16% (5.04)

Quarterly newest first

Period Net margin Change (points)
Jun 2026 17.1% 5.48
Mar 2026 11.7% (1.64)
Dec 2025 13.3% 1.77
Sep 2025 11.5% (3.15)
42 more quarters

Against its own ten years

Low −20.4% High 10.8%
Ten-year median −0.09%
Current reading's percentile 100

Net margin against peers

Company Net margin
MPLX MPLX LP compare 35.8%
WMB Williams Companies, Inc. (The) compare 25.2%
TRP TC Energy Corporation compare 22.2%
KMI Kinder Morgan, Inc. compare 19.3%
LNG Cheniere Energy, Inc. compare 13.5%
TRGP Targa Resources, Inc. 13.5%
EPD Enterprise Products Partners L.P. compare 10.7%
OKE ONEOK, Inc. compare 9.29%
ET Energy Transfer LP compare 4.70%
Oil & Gas Midstream industry median 22.5%
Energy sector median 7.30%
Market median 0.45%

What Net margin is

Net Profit Margin tells an investor how much of each unit of revenue ends up as profit for shareholders after all costs, interest and taxes.

Net Income Allotted to Shareholders ÷ Revenue

The full definition of Net margin →

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