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Q4 FY2026 · Earnings report
EPS estimate 2.91Revenue estimate 5.19B
Q4 FY2026 · Earnings report
EPS estimate 2.91Revenue estimate 5.19B
Targa Resources operating income 2008–2026What are gross, operating and net profit margins? A profit margin is the share of revenue kept as profit: gross margin after the cost of sales, operating margin after running costs, net margin after all costs.
Targa Resources's operating income in Q3 FY2026, the three months to 30 September 2026, was 1.10B USD, up 23.9% on the same quarter a year before. Targa Resources's operating income over the last twelve months was 4.09B USD, up 26.8% on the twelve months before. In fiscal year 2025 it was 3.45B USD, up 17.1% on the year before.
Last updated 8 Nov 2026 · Next report 18 Feb 2027
Operating income
Operating income · +25.3% a year over 10 yearsOperating margin
Growth
| Fiscal year | Period ending | Operating income | Growth | Operating margin | Gross profit | Gross margin | EBITDA |
|---|---|---|---|---|---|---|---|
| TTM | 30 Sept 2026 | 4.09B | +26.78% | 22.51% | 7.18B | 39.48% | 5.12B |
| FY2025 | 31 Dec 2025 | 3.45B | +17.08% | 20.11% | 4.54B | 26.51% | 4.85B |
| FY2024 | 31 Dec 2024 | 2.94B | +34.63% | 17.71% | 3.33B | 20.00% | 4.13B |
| FY2023 | 31 Dec 2023 | 2.19B | -11.97% | 14.00% | 2.54B | 16.23% | 3.96B |
| FY2022 | 31 Dec 2022 | 2.48B | +36.48% | 11.45% | 2.79B | 12.88% | 3.21B |
| FY2021 | 31 Dec 2021 | 1.82B | +43.84% | 10.44% | 2.09B | 12.00% | 1.70B |
| FY2020 | 31 Dec 2020 | 1.27B | +555.94% | 15.30% | 1.52B | 18.40% | -316.70M |
| FY2019 | 31 Dec 2019 | 192.90M | -62.78% | 2.22% | 1.49B | 17.20% | 1.26B |
| FY2018 | 31 Dec 2018 | 518.30M | +61.36% | 4.91% | 778.80M | 7.38% | 1.14B |
| FY2017 | 31 Dec 2017 | 321.20M | +44.04% | 3.62% | 526.10M | 5.93% | 750.30M |
| FY2016 | 31 Dec 2016 | 223.00M | -38.14% | 3.36% | 410.70M | 6.18% | 752.20M |
| FY2015 | 31 Dec 2015 | 360.50M | -44.15% | 5.48% | 523.30M | 7.96% | 764.60M |
| FY2014 | 31 Dec 2014 | 645.50M | +81.27% | 7.48% | 795.20M | 9.22% | 986.70M |
| FY2013 | 31 Dec 2013 | 356.10M | +15.28% | 5.45% | 508.30M | 7.78% | 649.40M |
| FY2012 | 31 Dec 2012 | 308.90M | -12.07% | 5.29% | 449.40M | 7.70% | 506.70M |
| FY2011 | 31 Dec 2011 | 351.30M | +87.16% | 5.02% | 487.40M | 6.97% | 526.60M |
| FY2010 | 31 Dec 2010 | 187.70M | -14.37% | 3.44% | 587.60M | 10.76% | 362.10M |
| FY2009 | 31 Dec 2009 | 219.20M | -11.58% | 4.83% | 339.60M | 7.49% | 400.70M |
| FY2008 | 31 Dec 2008 | 247.90M | — | 3.10% | 344.30M | 4.30% | 455.80M |
| Quarter | Period ending | Operating income | Growth on a year before | Operating margin | Gross profit | Gross margin | EBITDA |
|---|---|---|---|---|---|---|---|
| Q3 FY2026 | 30 Sept 2026 | 1.10B | +23.88% | 19.58% | 2.02B | 36.08% | 1.54B |
| Q2 FY2026 | 30 Jun 2026 | 1.23B | +52.67% | 27.80% | 2.14B | 48.15% | 1.24B |
| Q1 FY2026 | 31 Mar 2026 | 846.90M | +1.29% | 20.68% | 1.27B | 31.12% | 1.04B |
| Q4 FY2025 | 31 Dec 2025 | 917.40M | +30.96% | 22.62% | 1.75B | 43.10% | 1.30B |
| Q3 FY2025 | 30 Sept 2025 | 884.70M | +15.80% | 21.06% | 978.30M | 23.28% | 1.23B |
| Q2 FY2025 | 30 Jun 2025 | 808.60M | +18.30% | 20.08% | 892.90M | 22.18% | 1.41B |
| Q1 FY2025 | 31 Mar 2025 | 836.10M | +30.76% | 17.23% | 923.80M | 19.04% | 916.70M |
| Q4 FY2024 | 31 Dec 2024 | 700.50M | +11.70% | 15.90% | 1.10B | 25.07% | 1.08B |
| Q3 FY2024 | 30 Sept 2024 | 764.00M | +55.16% | 19.66% | 864.50M | 22.25% | 1.09B |
| Q2 FY2024 | 30 Jun 2024 | 683.50M | +50.52% | 18.89% | 781.90M | 21.61% | 977.80M |
| Q1 FY2024 | 31 Mar 2024 | 639.40M | +4.32% | 14.01% | 1.00B | 22.00% | 984.40M |
| Q4 FY2023 | 31 Dec 2023 | 627.10M | +13.73% | 14.82% | 722.40M | 17.07% | 979.50M |
| Q3 FY2023 | 30 Sept 2023 | 492.40M | +14.51% | 12.69% | 582.40M | 15.00% | 839.30M |
| Q2 FY2023 | 30 Jun 2023 | 454.10M | -27.82% | 14.15% | 535.10M | 16.68% | 982.60M |
| Q1 FY2023 | 31 Mar 2023 | 612.90M | +107.20% | 14.26% | 695.30M | 16.18% | 1.16B |
| Q4 FY2022 | 31 Dec 2022 | 551.40M | — | 12.11% | 900.70M | 19.77% | 881.10M |
| Q3 FY2022 | 30 Sept 2022 | 430.00M | -4.59% | 8.02% | 766.60M | 14.30% | 704.30M |
| Q2 FY2022 | 30 Jun 2022 | 629.10M | +76.17% | 10.09% | 699.50M | 11.22% | 1.13B |
| Q1 FY2022 | 31 Mar 2022 | 295.80M | -38.67% | 5.96% | 545.90M | 11.01% | 494.20M |
| Q4 FY2021 | 31 Dec 2021 | -91.60M | -113.94% | -1.68% | 652.20M | 11.99% | 65.50M |
| Q3 FY2021 | 30 Sept 2021 | 450.70M | +74.83% | 9.92% | 516.50M | 11.37% | 603.90M |
| Q2 FY2021 | 30 Jun 2021 | 357.10M | +146.62% | 10.13% | 420.40M | 11.92% | 468.60M |
| Q1 FY2021 | 31 Mar 2021 | 482.30M | +134.13% | 12.80% | 543.80M | 14.43% | 557.50M |
| Q4 FY2020 | 31 Dec 2020 | 657.20M | +141.97% | 22.49% | 731.50M | 25.03% | 501.20M |
| Q3 FY2020 | 30 Sept 2020 | 257.80M | +111.66% | 12.85% | 317.10M | 15.81% | 505.50M |
| Q2 FY2020 | 30 Jun 2020 | 144.80M | +103.09% | 9.95% | 206.70M | 14.20% | 455.10M |
| Q1 FY2020 | 31 Mar 2020 | 206.00M | +316.16% | 10.91% | 267.00M | 14.13% | -1.78B |
| Q4 FY2019 | 31 Dec 2019 | 271.60M | +139.30% | 10.98% | 325.10M | 13.15% | 255.70M |
| Q3 FY2019 | 30 Sept 2019 | 121.80M | -25.18% | 6.20% | 191.70M | 9.76% | 361.70M |
| Q2 FY2019 | 30 Jun 2019 | 71.30M | -39.93% | 3.65% | 144.10M | 7.38% | 354.90M |
| Q1 FY2019 | 31 Mar 2019 | 49.50M | -59.98% | 2.16% | 134.00M | 5.86% | 290.40M |
| Q4 FY2018 | 31 Dec 2018 | 113.50M | -28.21% | 4.37% | 195.70M | 7.54% | 155.90M |
| Q3 FY2018 | 30 Sept 2018 | 162.80M | +179.25% | 5.41% | 226.70M | 7.53% | 278.60M |
| Q2 FY2018 | 30 Jun 2018 | 118.70M | +272.10% | 4.84% | 176.00M | 7.17% | 421.40M |
| Q1 FY2018 | 31 Mar 2018 | 123.70M | +68.30% | 4.96% | 180.80M | 7.25% | 302.30M |
| Q4 FY2017 | 31 Dec 2017 | 158.10M | +85.13% | 5.75% | 212.30M | 7.73% | 293.50M |
| Q3 FY2017 | 30 Sept 2017 | 58.30M | +33.11% | 2.73% | 108.50M | 5.08% | 10.20M |
| Q2 FY2017 | 30 Jun 2017 | 31.90M | -51.89% | 1.71% | 83.10M | 4.46% | 225.80M |
| Q1 FY2017 | 31 Mar 2017 | 73.50M | +107.04% | 3.47% | 122.30M | 5.77% | 214.70M |
| Q4 FY2016 | 31 Dec 2016 | 85.40M | — | 4.24% | 134.80M | 6.70% | 23.90M |
| Q3 FY2016 | 30 Sept 2016 | 43.80M | -62.01% | 2.66% | 94.80M | 5.76% | 234.80M |
| Q2 FY2016 | 30 Jun 2016 | 66.30M | -41.01% | 4.19% | 252.30M | 15.93% | 252.40M |
| Q1 FY2016 | 31 Mar 2016 | 35.50M | -74.14% | 2.46% | 237.90M | 16.49% | 253.90M |
| Q4 FY2015 | 31 Dec 2015 | -206.90M | -226.85% | -12.56% | 223.30M | 13.55% | 303.90M |
| Q3 FY2015 | 30 Sept 2015 | 115.30M | -31.65% | 7.06% | 293.90M | 18.01% | 281.10M |
| Q2 FY2015 | 30 Jun 2015 | 112.40M | -25.22% | 6.61% | 298.50M | 17.57% | 276.30M |
| Q1 FY2015 | 31 Mar 2015 | 137.30M | -13.32% | 8.17% | 291.80M | 17.37% | 256.80M |
| Q4 FY2014 | 31 Dec 2014 | 163.10M | +12.48% | 8.02% | 300.30M | 14.77% | 256.00M |
| Q3 FY2014 | 30 Sept 2014 | 168.70M | +90.62% | 7.37% | 320.20M | 13.99% | 257.50M |
| Q2 FY2014 | 30 Jun 2014 | 150.30M | +146.80% | 7.29% | 298.10M | 14.46% | 237.10M |
| Q1 FY2014 | 31 Mar 2014 | 158.40M | +114.34% | 6.73% | 300.00M | 12.75% | 238.00M |
| Q4 FY2013 | 31 Dec 2013 | 145.00M | +67.82% | 6.71% | 281.80M | 13.05% | 222.20M |
| Q3 FY2013 | 30 Sept 2013 | 88.50M | +50.00% | 5.68% | 228.00M | 14.65% | 157.50M |
| Q2 FY2013 | 30 Jun 2013 | 60.90M | -26.80% | 4.22% | 199.50M | 13.84% | 126.60M |
| Q1 FY2013 | 31 Mar 2013 | 73.90M | -31.38% | 5.29% | 196.30M | 14.04% | 137.90M |
| Q4 FY2012 | 31 Dec 2012 | 86.40M | -20.22% | 5.66% | 206.80M | 13.54% | 157.80M |
| Q3 FY2012 | 30 Sept 2012 | 59.00M | -16.67% | 4.23% | 240.50M | 17.26% | 107.60M |
| Q2 FY2012 | 30 Jun 2012 | 83.20M | -15.53% | 6.31% | 244.50M | 18.54% | 131.50M |
| Q1 FY2012 | 31 Mar 2012 | 107.70M | +46.53% | 6.54% | 261.60M | 15.90% | 155.10M |
| Q4 FY2011 | 31 Dec 2011 | 108.30M | +118.35% | 5.60% | 259.50M | 13.42% | 158.00M |
| Q3 FY2011 | 30 Sept 2011 | 70.80M | +63.51% | 4.13% | 228.10M | 13.31% | 116.30M |
| Q2 FY2011 | 30 Jun 2011 | 98.50M | +103.51% | 5.70% | 250.50M | 14.50% | 145.10M |
| Q1 FY2011 | 31 Mar 2011 | 73.50M | +34.12% | 4.54% | 217.50M | 13.44% | 118.50M |
| Q4 FY2010 | 31 Dec 2010 | 49.60M | -46.72% | 3.25% | 227.10M | 14.87% | 101.90M |
| Q3 FY2010 | 30 Sept 2010 | 43.30M | -13.40% | 3.55% | 186.30M | 15.27% | 84.50M |
| Q2 FY2010 | 30 Jun 2010 | 48.40M | — | 3.90% | 182.20M | 14.69% | 94.70M |
| Q1 FY2010 | 31 Mar 2010 | 54.80M | — | 3.69% | 185.90M | 12.53% | 109.20M |
| Q4 FY2009 | 31 Dec 2009 | 93.10M | — | 6.69% | 224.80M | 16.16% | 134.20M |
| Q3 FY2009 | 30 Sept 2009 | 50.00M | — | 4.44% | 189.30M | 16.82% | 108.80M |
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.
See also:Revenue,Net income,EPS,Shares outstanding,Cash on hand,Total debt,Free cash flow,Stock buybacks,Income statement
Common questions about Targa Resources's operating income
Source: Financial Modeling Prep