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. revenue by segment
By business segment
| Revenue | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | % of revenue | YoY |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Logistics and Transportation [Member] | $14.34B | $13.86B | $13.34B | $19.16B | $15.71B | $6.88B | $6.96B | $8.90B | $7.48B | – | 84.2% | +3.5% |
| Gathering and Processing [Member] | $2.69B | $2.69B | $2.44B | $2.08B | $1.35B | $1.15B | $1.83B | $5.59B | $4.50B | $1.11B | 15.8% | +0.1% |
| Other [Member] | -$5.30M | -$164.60M | $275.50M | -$302.40M | -$115.90M | $229.70M | -$113.90M | -$7.90M | -$2.20M | $62.90M | -0.0% | -96.8% |
| Corporate and Eliminations [Member] | -$4.95B | -$4.29B | -$5.10B | -$9.76B | -$6.52B | -$2.42B | -$2.80B | -$3.99B | -$3.51B | -$2.41B | -29.1% | +15.2% |
| Logistics and Marketing [Member] | – | – | – | – | – | – | – | $8.55B | $7.48B | $5.52B | – | – |
By product or service
| Revenue | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | % of revenue | YoY |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales of Commodities [Member] | $14.41B | $14.06B | $13.69B | $19.37B | $15.60B | $7.17B | $7.39B | $9.28B | $7.75B | $5.63B | 84.6% | +2.5% |
| NGL [Member] | $12.08B | $12.37B | $10.58B | $13.79B | $12.21B | $5.18B | $5.23B | $6.89B | $5.45B | – | 70.9% | -2.4% |
| Fees from Midstream Services [Member] | $2.62B | $2.49B | $2.10B | $1.86B | $1.35B | $1.09B | $1.28B | $1.21B | $1.06B | $1.06B | 15.4% | +5.4% |
| Natural Gas [Member] | $2.04B | $1.24B | $2.42B | $5.47B | $3.52B | $1.36B | $1.32B | $1.81B | $2.01B | – | 12.0% | +64.0% |
| Gathering and Processing [Member] | $1.79B | $1.63B | $1.34B | $1.14B | $730.30M | $476.00M | $722.40M | $698.10M | $523.30M | $445.00M | 10.5% | +9.8% |
| Storage Terminaling and Export [Member] | $496.80M | $497.90M | $440.70M | $372.20M | $379.70M | $401.90M | $356.40M | $313.00M | $300.80M | – | 2.9% | -0.2% |
| Condensate and Crude Oil [Member] | $448.30M | $523.60M | $519.50M | $565.30M | $358.40M | $264.00M | $716.10M | $457.90M | $196.00M | – | 2.6% | -14.4% |
| NGL Transportation, Fractionation and Services [Member] | $311.60M | $298.40M | $261.10M | $285.10M | $190.60M | $163.10M | $169.40M | $154.60M | $170.70M | – | 1.8% | +4.4% |
| Other [Member] | $23.20M | $60.60M | $53.60M | $69.30M | $46.70M | $48.30M | $29.10M | $39.60M | $69.00M | $72.90M | 0.1% | -61.7% |
| Fractionating and Treating Fees [Member] | – | – | – | – | – | – | – | $120.70M | $132.80M | $126.20M | – | – |
| Storage, Terminaling, Transportation and Export Fees [Member] | – | – | – | – | – | – | – | $349.90M | $342.20M | $420.00M | – | – |
| Petroleum Products [Member] | – | – | – | – | – | $69.80M | $126.30M | $196.10M | $144.70M | $68.20M | – | – |
| NGL [Member] | – | – | – | – | – | – | – | $6.89B | $5.45B | $3.79B | – | – |
| Condensate [Member] | – | – | – | – | – | – | – | $457.90M | $196.00M | $133.90M | – | – |
| Natural Gas [Member] | – | – | – | – | – | – | – | $1.81B | $2.01B | $1.59B | – | – |
| Petroleum Products [Member] | – | – | – | – | – | $69.80M | – | – | – | – | – | – |
By region
From the segment and revenue-disaggregation notes of Targa Resources's 10-K and 10-Q filings (XBRL). Fourth-quarter figures are the fiscal year less the first nine months. Segment names follow the company's own labels and can change when it reorganizes.