TRGP

Targa Resources
D

TRGP

Arincen63/100B

Targa Resources income statement 2008–2026

18.19B USD over the last twelve months, and 17.14B USD in fiscal year 2025.

Revenue Operating income Net income

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Fiscal year
TTM
30 Sept 2026
FY2025
31 Dec 2025
FY2024
31 Dec 2024
FY2023
31 Dec 2023
FY2022
31 Dec 2022
FY2021
31 Dec 2021
FY2020
31 Dec 2020
FY2019
31 Dec 2019
FY2018
31 Dec 2018
FY2017
31 Dec 2017
FY2016
31 Dec 2016
Revenue
18.19B17.14B16.63B15.62B21.68B17.44B8.27B8.67B10.55B8.86B6.65B
Revenue growth
+4.02%+3.06%+6.45%-27.97%+24.33%+110.82%-4.60%-17.85%+19.07%+33.40%+1.02%
Cost of revenue
11.01B12.59B13.30B13.08B18.89B15.35B6.75B7.18B9.78B8.34B6.23B
Gross profit
7.18B4.54B3.33B2.54B2.79B2.09B1.52B1.49B778.80M526.10M410.70M
Gross margin
39.48%26.51%20.00%16.23%12.88%12.00%18.40%17.20%7.38%5.93%6.18%
Selling, general and administrative
440.50M406.00M384.90M348.70M309.70M273.20M254.60M280.70M256.90M203.40M187.20M
Operating expenses
3.09B1.10B381.40M348.60M309.70M273.30M257.20M1.30B260.50M204.90M187.70M
4.09B3.45B2.94B2.19B2.48B1.82B1.27B192.90M518.30M321.20M223.00M
Operating income growth
+26.78%+17.08%+34.63%-11.97%+36.48%+43.84%+555.94%-62.78%+61.36%+44.04%-38.14%
Operating margin
22.51%20.11%17.71%14.00%11.45%10.44%15.30%2.22%4.91%3.62%3.36%
Interest expense
—852.80M767.20M687.80M446.10M387.90M391.30M337.80M257.90M233.70M254.20M
Other non-operating income
-1.39B-960.40M-1.01B-244.20M-820.70M-1.38B-2.84B-239.60M-452.40M-614.10M-482.70M
Pretax income
2.70B2.49B1.94B1.94B1.66B436.90M-1.57B-46.70M65.90M-292.90M-259.70M
Income tax
210.50M529.70M384.50M363.20M131.80M14.80M-248.10M-87.90M5.50M-397.10M-100.60M
Effective tax rate
7.78%21.30%19.84%18.70%7.92%3.39%——8.35%——
2.45B1.84B1.27B828.20M1.14B71.20M-1.55B-209.20M1.60M54.00M-187.30M
Net income growth
+48.29%+45.29%+53.28%-27.50%+1,504.35%——-13,175.00%-97.04%—-421.27%
Net margin
13.46%10.76%7.64%5.30%5.27%0.41%-18.78%-2.41%0.02%0.61%-2.82%
Basic shares
214.88M215.00M220.20M224.60M227.30M228.60M232.20M232.50M224.20M204.52M184.72M
Diluted shares
215.05M216.90M221.30M226.00M231.10M228.60M232.20M232.50M224.20M206.90M184.72M
Change in diluted shares
-1.50%-1.99%-2.08%-2.21%+1.09%-1.55%-0.13%+3.70%+8.36%+12.01%+244.63%
EPS (basic)
11.378.545.773.693.95-0.07-7.26-1.44-0.53-0.31-1.80
EPS (diluted)
11.328.525.743.663.88-0.07-7.26-1.44-0.53-0.31-1.80
EPS growth
+52.15%+48.43%+56.83%-5.67%——————-265.14%
Dividends per share
4.503.752.751.851.400.401.213.643.643.643.64
Dividend growth
+28.57%+36.36%+48.65%+32.14%+250.00%-66.94%-66.76%0.00%0.00%0.00%+7.37%
EBITDA
5.12B4.85B4.13B3.96B3.21B1.70B-316.70M1.26B1.14B750.30M752.20M
EBITDA margin
28.15%28.33%24.83%25.35%14.78%9.72%-3.83%14.56%10.80%8.46%11.32%
EBIT
3.39B3.34B2.71B2.63B2.11B824.80M-1.18B291.10M323.80M-59.20M-5.50M

Figures in USD. Shares and EPS are adjusted for stock splits. Quarterly growth is on the same quarter a year before; TTM is the last four quarters.

Figures underlined with dots are from the company's SEC filings, where our data provider's differ.

Common questions about Targa Resources's income statement

Source: Financial Modeling Prep