TRGP
Targa Resources Inc
NYSE: TRGP · ENERGY · OIL & GAS MIDSTREAM
$260.08
+3.97% today
Updated 2026-04-30
Market cap
$55.90B
P/E ratio
30.67
P/S ratio
3.28x
EPS (TTM)
$8.48
Dividend yield
1.61%
52W range
$142 – $260
Volume
1.5M
Targa Resources Inc (TRGP) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $8.00B | $4.54B | $5.46B | $6.99B | $5.84B | $6.54B | $8.63B | $6.58B | $6.64B | $8.86B | $10.55B | $8.67B | $8.27B | $17.44B | $21.68B | $15.62B | $16.63B | $17.14B |
| Revenue growth (YoY) | — | -43.3% | +20.4% | +28.1% | -16.5% | +11.9% | +32.0% | -23.7% | +1.0% | +33.4% | +19.1% | -17.8% | -4.6% | +110.8% | +24.3% | -28.0% | +6.5% | +3.1% |
| Cost of revenue | $7.65B | $4.20B | $4.87B | $6.51B | $5.39B | $6.03B | $7.83B | $6.05B | $6.23B | $8.34B | $9.78B | $7.18B | $6.75B | $15.35B | $18.89B | $13.08B | $13.30B | $12.59B |
| Gross profit | $344.30M | $339.60M | $587.60M | $487.40M | $449.40M | $508.30M | $795.20M | $523.30M | $410.70M | $526.10M | $778.80M | $1.49B | $1.52B | $2.09B | $2.79B | $2.54B | $3.33B | $4.54B |
| Gross margin | 4.3% | 7.5% | 10.8% | 7.0% | 7.7% | 7.8% | 9.2% | 8.0% | 6.2% | 5.9% | 7.4% | 17.2% | 18.4% | 12.0% | 12.9% | 16.2% | 20.0% | 26.5% |
| R&D | — | — | — | — | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — | — | — | — | — | — | — |
| SG&A | $96.40M | $120.40M | $144.40M | $136.10M | $139.80M | $151.50M | $148.00M | $161.70M | $187.20M | $203.40M | $256.90M | $280.70M | $254.60M | $273.20M | $309.70M | $348.70M | $384.90M | $406.00M |
| Operating income | $247.90M | $219.20M | $187.70M | $351.30M | $308.90M | $356.10M | $645.50M | $360.50M | $223.00M | $321.20M | $518.30M | $192.90M | $1.27B | $1.82B | $2.48B | $2.19B | $2.94B | $3.45B |
| Operating margin | 3.1% | 4.8% | 3.4% | 5.0% | 5.3% | 5.4% | 7.5% | 5.5% | 3.4% | 3.6% | 4.9% | 2.2% | 15.3% | 10.4% | 11.5% | 14.0% | 17.7% | 20.1% |
| EBITDA | $457.70M | $403.60M | $372.90M | $526.60M | $510.70M | $653.40M | $991.20M | $802.50M | $756.80M | $754.20M | $1.14B | $1.26B | $-313.10M | $1.70B | $3.21B | $3.97B | $4.14B | $4.85B |
| EBITDA margin | 5.7% | 8.9% | 6.8% | 7.5% | 8.7% | 10.0% | 11.5% | 12.2% | 11.4% | 8.5% | 10.8% | 14.6% | -3.8% | 9.7% | 14.8% | 25.4% | 24.9% | 28.3% |
| EBIT | $294.90M | $231.90M | $187.40M | $345.60M | $309.10M | $377.50M | $635.70M | $120.10M | $-5.50M | $-59.20M | $323.80M | $291.10M | $-1.18B | $824.80M | $2.11B | $2.63B | $2.71B | $3.34B |
| Interest expense | $141.20M | $132.10M | $101.60M | $103.60M | $112.90M | $128.00M | $144.70M | $231.90M | $254.20M | $233.70M | $257.90M | $337.80M | $391.30M | $387.90M | $446.10M | $687.80M | $767.20M | $852.80M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $37.30M | $29.30M | $-15.00M | $30.70M | $38.10M | $65.10M | $102.30M | $58.30M | $-187.30M | $54.00M | $1.60M | $-209.20M | $-1.55B | $71.20M | $1.14B | $828.20M | $1.27B | $1.84B |
| Net income growth (YoY) | — | -21.4% | -151.2% | +304.7% | +24.1% | +70.9% | +57.1% | -43.0% | -421.3% | +128.8% | -97.0% | -13175.0% | -642.8% | +104.6% | +1504.4% | -27.5% | +53.3% | +45.3% |
| Profit margin | 0.5% | 0.6% | -0.3% | 0.4% | 0.7% | 1.0% | 1.2% | 0.9% | -2.8% | 0.6% | 0.0% | -2.4% | -18.8% | 0.4% | 5.3% | 5.3% | 7.6% | 10.8% |