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

Targa Resources (TRGP) has 10 years of Cost of Revenue data on file, last reported at $2.4 billion in Q1 2026.

• On a quarterly basis, Cost of Revenue fell 26.5% year-over-year to $2.4 billion in Q1 2026; TTM through Mar 2026 was $9.6 billion, a 10.22% 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 for Q1 2026 stood at $2.4 billion, up from $2.3 billion in the prior quarter.
• Over the last five years, Cost of Revenue for TRGP reached as high as $5.0 billion in Q2 2022 and fell as low as $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.
• Across the five-year window, Cost of Revenue soared 86.32% in 2022 and sank 59.01% in 2023, its largest moves.
• Year by year, Cost of Revenue stood at $3.3 billion in 2022, then retreated by 12.81% to $2.9 billion in 2023, then climbed by 0.83% to $2.9 billion in 2024, then decreased by 21.04% to $2.3 billion in 2025, then grew 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.