Targa Resources (TRGP) Cost of Revenue (2017 - 2026)

Targa Resources (TRGP) has reported Cost of Revenue for 10 consecutive years, with $2.3 billion the latest figure, recorded in Q2 2026.

• On a quarterly basis, Cost of Revenue fell 5.5% year-over-year to $2.3 billion in Q2 2026; TTM through Jun 2026 was $9.5 billion, a 13.39% decrease from a year earlier, with the FY2025 full-year figure at $10.5 billion, down 1.82% from the prior year.
• Cost of Revenue was $2.3 billion for Q2 2026 at Targa Resources, down from $2.4 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 $2.8 billion in 2023 frame the typical range for Cost of Revenue.
• Across the five-year window, Cost of Revenue jumped 86.32% in 2022 and plunged 59.01% in 2023, its largest moves.
• Over 5 years, Cost of Revenue stood at $3.3 billion in 2022, then fell by 12.81% to $2.9 billion in 2023, then increased by 0.83% to $2.9 billion in 2024, then dropped by 21.04% to $2.3 billion in 2025, then slipped by 0.24% to $2.3 billion in 2026.
• The last three Cost of Revenue figures came in at $2.3 billion (Q2 2026), $2.4 billion (Q1 2026), and $2.3 billion (Q4 2025), per Business Quant data.