Targa Resources (TRGP) EBT (2010 - 2026)
Targa Resources (TRGP) posted quarterly EBT of $611.3 million for Q1 2026, up 73.66% year-over-year from $352.0 million in Q1 2025, and down 11.69% quarter-over-quarter from $692.2 million in Q4 2025.
Targa Resources (TRGP) EBT (2010 - 2026) Analysis & Trends
Targa Resources (TRGP) has reported EBT for 17 consecutive years, with $611.3 million the latest figure, recorded in Q1 2026.
- In Q1 2026, EBT rose 73.66% year-over-year to $611.3 million; the TTM figure through Mar 2026 stood at $2.7 billion (up 46.46% YoY), while the FY2025 annual figure was $2.5 billion, up 28.3% from the prior year.
- EBT eased to $611.3 million in Q1 2026 per TRGP's latest filing, from $692.2 million in the prior quarter.
- Across five years, EBT topped out at $821.3 million in Q2 2025 and bottomed at $191.5 million in Q1 2022.
- Historically, EBT has averaged $508.3 million across 5 years, with a median of $483.9 million in 2023.
- Annual changes were most pronounced in 2022 — EBT jumped 378.21% — and 2024, when it sank 37.6%.
- Targa Resources' EBT stood at $405.7 million in 2022, then gained by 13.41% to $460.1 million in 2023, then gained by 13.98% to $524.4 million in 2024, then surged by 32.0% to $692.2 million in 2025, then dropped by 11.69% to $611.3 million in 2026.
- Business Quant data shows TRGP's EBT at $611.3 million in Q1 2026, $692.2 million in Q4 2025, and $620.9 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 112.04 Bn | 113.17 Bn | 3.07 Bn | 1.17 Bn |
| 2 | Enbridge | 111.19 Bn | 111.69 Bn | 5.23 Bn | 1.45 Bn |
| 3 | Enterprise Products Partners | 83.98 Bn | 83.12 Bn | - | 1.87 Bn |
| 4 | Energy Transfer | 72.48 Bn | 71.45 Bn | 7.40 Bn | 2.72 Bn |
| 5 | Tc Energy | 66.71 Bn | 66.18 Bn | 1.24 Bn | 1.05 Bn |
| 6 | Mplx | 60.30 Bn | 59.27 Bn | 2.73 Bn | 1.09 Bn |
| 7 | Oneok | 59.88 Bn | 59.82 Bn | 2.81 Bn | 1.27 Bn |
| 8 | Targa Resources | 59.14 Bn | 59.14 Bn | 2.14 Bn | 1.00 Bn |
| 9 | Cheniere Energy | 56.12 Bn | 60.17 Bn | 5.29 Bn | 4.01 Bn |
| 10 | Venture Global | 34.82 Bn | 35.11 Bn | 2.92 Bn | 1.75 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 1.00 Bn |
| Mar 31, 2026 | 611.30 Mn |
| Dec 31, 2025 | 692.20 Mn |
| Sep 30, 2025 | 620.90 Mn |
| Jun 30, 2025 | 821.30 Mn |
| Mar 31, 2025 | 352.00 Mn |
| Dec 31, 2024 | 524.40 Mn |
| Sep 30, 2024 | 545.10 Mn |
| Jun 30, 2024 | 453.20 Mn |
| Mar 31, 2024 | 415.30 Mn |
| Dec 31, 2023 | 460.10 Mn |
| Sep 30, 2023 | 332.90 Mn |
| Jun 30, 2023 | 483.90 Mn |
| Mar 31, 2023 | 665.50 Mn |
| Dec 31, 2022 | 405.70 Mn |
| Sep 30, 2022 | 291.30 Mn |
| Jun 30, 2022 | 774.70 Mn |
| Mar 31, 2022 | 191.50 Mn |
| Dec 31, 2021 | -257.90 Mn |
| Sep 30, 2021 | 290.00 Mn |