Targa Resources (TRGP) Cost of Revenue (2017 - 2026)
Targa Resources (TRGP) posted quarterly Cost of Revenue of $2.4 billion for Q1 2026, down 26.5% year-over-year from $3.3 billion in Q1 2025, and up 3.77% quarter-over-quarter from $2.3 billion in Q4 2025.
Targa Resources (TRGP) Cost of Revenue (2017 - 2026) Analysis & Trends
Targa Resources (TRGP) has reported Cost of Revenue for 10 consecutive years, with $2.4 billion the latest figure, recorded in Q1 2026.
- In Q1 2026, Cost of Revenue fell 26.5% year-over-year to $2.4 billion; the TTM figure through Mar 2026 stood at $9.6 billion (down 10.22% YoY), while the FY2025 annual figure was $10.5 billion, down 1.82% from the prior year.
- Cost of Revenue rose to $2.4 billion in Q1 2026 per TRGP's latest filing, from $2.3 billion in the prior quarter.
- Across five years, Cost of Revenue topped out at $5.0 billion in Q2 2022 and bottomed at $2.1 billion in Q2 2023.
- Historically, Cost of Revenue has averaged $3.0 billion across 5 years, with a median of $2.9 billion in 2023.
- Annual changes were most pronounced in 2022 — Cost of Revenue surged 86.32% — and 2023, when it tumbled 59.01%.
- Targa Resources' Cost of Revenue stood at $3.3 billion in 2022, then declined by 12.81% to $2.9 billion in 2023, then gained by 0.83% to $2.9 billion in 2024, then fell by 21.04% to $2.3 billion in 2025, then advanced by 3.77% to $2.4 billion in 2026.
- Business Quant data shows TRGP's Cost of Revenue at $2.4 billion in Q1 2026, $2.3 billion in Q4 2025, and $2.5 billion in Q3 2025.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 112.69 Bn | 112.57 Bn | 3.07 Bn | 1.41 Bn |
| 2 | Enbridge | 110.78 Bn | 109.29 Bn | 5.23 Bn | 15.96 Bn |
| 3 | Enterprise Products Partners | 83.22 Bn | 82.32 Bn | - | - |
| 4 | Energy Transfer | 72.29 Bn | 71.26 Bn | 7.40 Bn | 26.94 Bn |
| 5 | Tc Energy | 65.94 Bn | 58.38 Bn | 1.24 Bn | 52.77 Mn |
| 6 | Mplx | 60.24 Bn | 59.20 Bn | 2.73 Bn | 587.00 Mn |
| 7 | Oneok | 59.73 Bn | 59.57 Bn | 2.81 Bn | 9.24 Bn |
| 8 | Targa Resources | 58.90 Bn | 58.77 Bn | 2.14 Bn | 2.30 Bn |
| 9 | Cheniere Energy | 55.79 Bn | 54.54 Bn | 5.29 Bn | 439.00 Mn |
| 10 | Venture Global | 34.05 Bn | 30.83 Bn | 2.92 Bn | 1.66 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 2.30 Bn |
| Jun 30, 2026 | 2.30 Bn |
| Mar 31, 2026 | 2.39 Bn |
| Mar 31, 2026 | 2.39 Bn |
| Dec 31, 2025 | 2.31 Bn |
| Dec 31, 2025 | 2.31 Bn |
| Sep 30, 2025 | 2.51 Bn |
| Sep 30, 2025 | 2.51 Bn |
| Jun 30, 2025 | 2.44 Bn |
| Jun 30, 2025 | 2.44 Bn |
| Mar 31, 2025 | 3.26 Bn |
| Mar 31, 2025 | 3.26 Bn |
| Dec 31, 2024 | 2.92 Bn |
| Dec 31, 2024 | 2.92 Bn |
| Sep 30, 2024 | 2.37 Bn |
| Sep 30, 2024 | 2.37 Bn |
| Jun 30, 2024 | 2.20 Bn |
| Jun 30, 2024 | 2.20 Bn |
| Mar 31, 2024 | 3.22 Bn |
| Mar 31, 2024 | 3.22 Bn |