Growth Metrics

Targa Resources (TRGP) Cost of Revenue (2016 - 2026)

Targa Resources has reported Cost of Revenue over the past 12 years, most recently at $2.3 billion for Q4 2025.

  • Quarterly Cost of Revenue fell 21.04% to $2.3 billion in Q4 2025 from the year-ago period, while the trailing twelve-month figure was $10.5 billion through Dec 2025, down 1.82% year-over-year, with the annual reading at $10.5 billion for FY2025, 1.82% down from the prior year.
  • Cost of Revenue was $2.3 billion for Q4 2025 at Targa Resources, down from $2.5 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 $3.1 billion.
  • Year-over-year, Cost of Revenue surged 207.81% in 2021 and then crashed 59.01% in 2023.
  • A 5-year view of Cost of Revenue shows it stood at $4.6 billion in 2021, then decreased by 27.25% to $3.3 billion in 2022, then dropped by 12.81% to $2.9 billion in 2023, then rose by 0.83% to $2.9 billion in 2024, then decreased 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).