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

Targa Resources' Cost of Revenue history runs 13 years deep, the most recent figure standing at $2.4 billion for 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 came in at $2.4 billion for Q1 2026 at Targa Resources, up 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.
• The 5-year median for Cost of Revenue is $2.9 billion (2023), against an average of $3.0 billion.
• The widest annual swing landed in 2022, when Cost of Revenue soared 86.32%; it then plunged 59.01% in 2023.
• A 5-year view of Cost of Revenue shows it stood at $3.3 billion in 2022, then decreased by 12.81% to $2.9 billion in 2023, then gained by 0.83% to $2.9 billion in 2024, then dropped by 21.04% to $2.3 billion in 2025, then climbed by 3.77% to $2.4 billion in 2026.
• Per Business Quant data, the three most recent Cost of Revenue figures were $2.4 billion in Q1 2026, $2.3 billion in Q4 2025, and $2.5 billion in Q3 2025.