Targa Resources (TRGP) Cost of Revenue (2014 - 2026)

Targa Resources (TRGP) has 13 years of Cost of Revenue data on file, last reported at $2.4 billion in Q1 2026.

• Cost of Revenue for Q1 2026 came in at $2.4 billion, down 26.5% year-over-year; the trailing twelve-month figure through Mar 2026 was $9.6 billion (down 10.22% YoY), and the FY2025 annual result was $10.5 billion, down 1.82% from the prior year.
• Cost of Revenue advanced to $2.4 billion in Q1 2026 per TRGP's latest filing, from $2.3 billion in the prior quarter.
• Over five years, Cost of Revenue peaked at $5.0 billion in Q2 2022 and troughed at $2.1 billion in Q2 2023.
• A 5-year average of $3.0 billion and a median of $2.9 billion in 2023 frame the typical range for Cost of Revenue.
• The sharpest annual moves came in 2022 and 2023: Cost of Revenue surged 86.32% in 2022, then tumbled 59.01% in 2023.
• A 5-year view of Cost of Revenue shows it stood at $3.3 billion in 2022, then retreated by 12.81% to $2.9 billion in 2023, then rose by 0.83% to $2.9 billion in 2024, then slipped 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.