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.

Revenue
+4.23%
EPS
+22.9%
Free cash flow
+1,002.1%
Total debt
+16.2%

Quarter to June 2026, against a year earlier

314.99 2.62 +0.84%
Market cap
$67.0B
P/E
30.1×
Fwd P/E
27.8×
Dividend yield
1.51%
F-score
6/9
Altman Z
2.27
Beneish M
−3.05
Dividend safety
64/100

Targa Resources, Inc. (TRGP) Revenue growth

Alert me on Revenue growth

Targa Resources, Inc.'s revenue growth over the twelve months to 30 June 2026 was −1.97%, down 5.9 percentage points from fiscal 2025 (3.95%). Over the past ten years it has ranged from −23.3% (fiscal 2023) to 105.2% (fiscal 2021); the current reading is higher than 64% of that period. That is below the Oil & Gas Midstream industry median of 15.5% and below the Energy sector median of 8.72%.

Revenue growth, annual

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Annual newest first

Period Revenue growth Change (points)
FY2025 3.95% 1.95
FY2024 2.00% 25.27
FY2023 −23.3% (46.75)
FY2022 23.5% (81.72)
FY2021 105.2% 109.94
FY2020 −4.74% 12.55
FY2019 −17.3% (36.22)
FY2018 18.9% (12.81)
FY2017 31.7% 31.25
FY2016 0.49% 23.21

Quarterly newest first

Period Revenue growth Change (points)
Jun 2026 4.23% 14.46
Mar 2026 −10.2% (2.29)
Dec 2025 −7.94% (15.71)
Sep 2025 7.77% (11.83)
42 more quarters

Against its own ten years

Low −23.3% High 105.2%
Ten-year median 2.00%
Current reading's percentile 64

Revenue growth against peers

Company Revenue growth
OKE ONEOK, Inc. compare 40.8%
ET Energy Transfer LP compare 33.3%
TRP TC Energy Corporation compare 24.0%
LNG Cheniere Energy, Inc. compare 17.5%
KMI Kinder Morgan, Inc. compare 12.5%
WMB Williams Companies, Inc. (The) compare 8.72%
MPLX MPLX LP compare 8.71%
EPD Enterprise Products Partners L.P. compare 6.78%
TRGP Targa Resources, Inc. −1.97%
Oil & Gas Midstream industry median 15.5%
Energy sector median 8.72%
Market median 7.23%

What Revenue growth is

Revenue Growth shows how fast a company’s sales are rising or falling compared with the same period a year earlier.

(Revenue − Revenue a year earlier) ÷ |Revenue a year earlier|

The full definition of Revenue growth →

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