TRGPNYSENatural Gas TransmissionFiscal year ends December 31

Targa Resources Corp.

Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 6, 2026

$292.80−2.10 (-0.71%)

Close on Oct 19, 2026

Market cap: $63.01B
P/E (TTM): 27.9
Dividend yield: 1.28%

Targa Resources Corp. income statement

Annual Quarterly TTM

Millions of USD, except per-share data. Shares in millions.

Line item	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31	FY 2020 2020-12-31	FY 2019 2019-12-31	FY 2018 2018-12-31	FY 2017 2017-12-31	FY 2016 2016-12-31	FY 2015 2015-12-31	FY 2014 2014-12-31	FY 2013 2013-12-31	FY 2012 2012-12-31	FY 2011 2011-12-31	FY 2010 2010-12-31	FY 2009 2009-12-31
Revenue	17,028	16,382	16,060	20,930	16,950	8,260	8,671	10,484	8,815	5,587	–	–	–	–	–	–	–
Cost of Revenue	10,508	10,703	10,676	16,882	13,730	5,187	6,208	8,238	6,906	4,923	–	–	–	–	–	–	–
Gross Profit	6,521	5,679	5,384	4,048	3,220	3,074	2,553	2,246	1,909	1,768	1,821	1,570	1,178	1,007	956	–	–
General & Administrative	406	385	349	310	273	255	281	257	203	187	162	148	152	140	136	144	120
Total Costs & Expenses	–	–	–	–	–	–	–	–	–	–	–	–	–	–	6,643	5,280	4,325
Operating Income	3,331	2,695	2,626	1,729	865	-1,304	193	238	-122	56	159	641	368	336	351	196	217
Interest Expense	–	–	–	–	–	–	–	–	–	–	–	–	134	121	112	111	132
Income from Equity Investments	12	9.40	9.00	9.10	-24	73	39	7.30	-17	-14	-2.50	18	15	1.90	8.80	5.40	5.00
Other Non-Operating Income	-3.80	0.40	-4.90	-15	0.50	3.70	–	0.10	-2.60	0.80	-28	-8.00	15	-8.40	-1.20	0.50	1.20
Asset Impairment Charges	–	–	–	–	452	2,443	225	210	378	0	33	0	0	–	0	11	1.50
Gain (Loss) on Sale of Assets	–	3.10	5.30	9.60	-2.00	-58	-71	0.10	-16	-6.10	–	–	–	–	–	–	–
Pretax Income	2,486	1,938	1,943	1,663	437	-1,573	-47	66	-293	-260	-112	491	250	196	242	86	100
Income Tax Expense	530	385	363	132	15	-248	-88	5.50	-397	-101	40	68	48	37	27	23	21
Income from Continuing Operations	–	–	–	–	–	–	–	–	–	–	98	166	111	72	54	4.40	49
Net Income incl. Noncontrolling Interests	1,957	1,554	1,579	1,531	422	-1,325	41	60	104	-159	-151	423	201	159	–	–	–
Minority Interest in Earnings	34	242	233	336	351	229	250	59	50	28	-210	321	136	121	185	78	50
Net Income	1,923	1,312	1,346	1,196	71	-1,554	-209	1.60	54	-187	58	102	65	38	31	-15	29
Preferred Dividends	–	–	–	30	87	92	92	92	117	91	–	–	–	0	0	9.50	18
Net Income to Common	1,853	1,279	836	897	-16	-1,685	-334	-119	-63	-278	58	102	65	38	31	-202	0
EPS (Basic)(per share)	8.52	5.77	3.69	3.95	-0.07	-7.26	-1.44	-0.53	-0.31	-1.80	1.09	2.44	1.56	0.93	0.75	-30.94	0.00
EPS (Diluted)(per share)	8.49	5.74	3.66	3.88	-0.07	-7.26	-1.44	-0.53	-0.31	-1.80	1.09	2.43	1.55	0.91	0.74	-30.94	0.00
Shares Outstanding (Basic, Weighted)(shares)	216	220	225	227	229	232	233	224	207	154	54	42	42	41	41	6.50	3.80
Shares Outstanding (Diluted, Weighted)(shares)	217	221	226	231	229	232	233	224	207	154	54	42	42	42	41	6.50	3.80
Dividend per Share(per share)	3.75	2.75	1.85	1.40	0.40	1.21	3.64	3.64	3.64	3.64	3.39	–	–	–	–	–	–
EBITDA	4,847	4,118	3,956	2,825	1,735	-439	1,165	1,053	687	814	804	992	640	534	532	382	388
Net Interest Income	–	–	–	–	–	–	–	–	-234	-254	-232	-147	-134	-121	–	–	–

Italic numbers are calculated by StockData (for example Q4 = full year − nine months). Per-share data and share counts are adjusted for stock splits. Hover a number for its source; click it to open the filing on SEC.gov. Click a row to chart it.

Ratios

Latest available, balances at Jun 30, 2026

Profitability, TTM

Gross margin: 43.2%
Operating margin: 22.9%
Net margin: 13.5%
Return on equity, FY2025: 67.9%

Financial strength

Current ratio: 0.77
Debt to equity: 5.20
Debt to assets: 66.7%
Cash to current liabilities: 3.9%

Valuation

P/E ratio: 27.9
Price to sales: 3.76
Price to book: 17.23
Dividend yield: 1.28%