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Targa Resources (TRGP) Cost of Revenue (2016 - 2025)

Targa Resources (TRGP) has disclosed Cost of Revenue for 12 consecutive years, with $2.3 billion as the latest value for Q4 2025.

  • On a quarterly basis, Cost of Revenue fell 21.04% to $2.3 billion in Q4 2025 year-over-year; TTM through Dec 2025 was $10.5 billion, a 1.82% decrease, with the full-year FY2025 number at $10.5 billion, down 1.82% from a year prior.
  • Cost of Revenue was $2.3 billion for Q4 2025 at Targa Resources, down from $2.5 billion in the prior quarter.
  • In the past five years, Cost of Revenue ranged from a high of $5.0 billion in Q2 2022 to a low of $2.1 billion in Q2 2023.
  • A 5-year average of $3.1 billion and a median of $2.9 billion in 2023 define the central range for Cost of Revenue.
  • Peak YoY movement for Cost of Revenue: skyrocketed 492.85% in 2021, then crashed 59.01% in 2023.
  • Targa Resources' Cost of Revenue stood at $4.6 billion in 2021, then fell by 27.25% to $3.3 billion in 2022, then decreased by 12.81% to $2.9 billion in 2023, then grew by 0.83% to $2.9 billion in 2024, then fell by 21.04% to $2.3 billion in 2025.
  • Per Business Quant, the three most recent readings for TRGP's Cost of Revenue are $2.3 billion (Q4 2025), $2.5 billion (Q3 2025), and $2.4 billion (Q2 2025).