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) Revenue
Targa Resources, Inc.'s revenue for fiscal 2025 was $17.0B, unchanged from fiscal 2024. Over the twelve months to 30 June 2026 it was $16.7B. Over the past ten years it has ranged from $6.7B (fiscal 2015) to $20.9B (fiscal 2022); the current reading is higher than 91% of that period. Targa Resources, Inc. ranks 11th of 56 Oil & Gas Midstream companies by revenue.
Revenue, annual
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Annual newest first
| Period | Revenue | Change |
|---|---|---|
| FY2025 | $17.0B | 3.95% |
| FY2024 | $16.4B | 2.00% |
| FY2023 | $16.1B | (23.27%) |
| FY2022 | $20.9B | 23.48% |
| FY2021 | $16.9B | 105.20% |
| FY2020 | $8.3B | (4.74%) |
| FY2019 | $8.7B | (17.29%) |
| FY2018 | $10.5B | 18.93% |
| FY2017 | $8.8B | 31.74% |
| FY2016 | $6.7B | 0.49% |
Quarterly newest first
| Period | Revenue | Change |
|---|---|---|
| Jun 2026 | $4.4B | 8.44% |
| Mar 2026 | $4.1B | 0.97% |
| Dec 2025 | $4.1B | (2.31%) |
| Sep 2025 | $4.2B | (2.56%) |
| 42 more quarters | Free account |
Against its own ten years
Revenue against peers
| Company | Revenue |
|---|---|
| ET Energy Transfer LP compare | $107.4B |
| EPD Enterprise Products Partners L.P. compare | $58.5B |
| OKE ONEOK, Inc. compare | $39.4B |
| LNG Cheniere Energy, Inc. compare | $21.5B |
| KMI Kinder Morgan, Inc. compare | $18.0B |
| TRGP Targa Resources, Inc. | $16.7B |
| MPLX MPLX LP compare | $13.2B |
| WMB Williams Companies, Inc. (The) compare | $12.2B |
| TRP TC Energy Corporation compare | $11.3B |
What Revenue is
Revenue tells an investor how much a company brought in from selling its goods and services over a period, before any costs are taken out.
Reported line item
More on TRGP
- Net income
- 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