Targa Resources (TRGP) Gross Profit (2017 - 2026)
Targa Resources (TRGP) posted quarterly Gross Profit of $1.7 billion for Q1 2026, up 30.41% year-over-year from $1.3 billion in Q1 2025, and down 2.73% quarter-over-quarter from $1.7 billion in Q4 2025.
Targa Resources (TRGP) Gross Profit (2017 - 2026) Analysis & Trends
Targa Resources (TRGP) has reported Gross Profit for 10 consecutive years, with $1.7 billion the latest figure, recorded in Q1 2026.
- In Q1 2026, Gross Profit rose 30.41% year-over-year to $1.7 billion; the TTM figure through Mar 2026 stood at $6.9 billion (up 22.69% YoY), while the FY2025 annual figure was $6.5 billion, up 14.83% from the prior year.
- Gross Profit retreated to $1.7 billion in Q1 2026 per TRGP's latest filing, from $1.7 billion in the prior quarter.
- Across five years, Gross Profit topped out at $1.8 billion in Q2 2025 and bottomed at $755.0 million in Q1 2022.
- Historically, Gross Profit has averaged $1.4 billion across 5 years, with a median of $1.3 billion in 2024.
- Annual changes were most pronounced in 2023 — Gross Profit surged 98.87% — and 2024, when it slipped 10.46%.
- Targa Resources' Gross Profit stood at $1.2 billion in 2022, then increased by 8.98% to $1.3 billion in 2023, then rose by 10.57% to $1.5 billion in 2024, then grew by 17.89% to $1.7 billion in 2025, then decreased by 2.73% to $1.7 billion in 2026.
- Business Quant data shows TRGP's Gross Profit at $1.7 billion in Q1 2026, $1.7 billion in Q4 2025, and $1.6 billion in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Kinder Morgan | 112.69 Bn | 112.57 Bn | 3.07 Bn |
| 2 | Enbridge | 110.78 Bn | 109.29 Bn | 5.23 Bn |
| 3 | Enterprise Products Partners | 83.22 Bn | 82.32 Bn | - |
| 4 | Energy Transfer | 72.29 Bn | 71.26 Bn | 7.40 Bn |
| 5 | Tc Energy | 65.94 Bn | 58.38 Bn | 1.24 Bn |
| 6 | Mplx | 60.24 Bn | 59.20 Bn | 2.73 Bn |
| 7 | Oneok | 59.73 Bn | 59.57 Bn | 2.81 Bn |
| 8 | Targa Resources | 58.90 Bn | 58.77 Bn | 2.14 Bn |
| 9 | Cheniere Energy | 55.79 Bn | 54.54 Bn | 5.29 Bn |
| 10 | Venture Global | 34.05 Bn | 30.83 Bn | 2.92 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 2.14 Bn |
| Jun 30, 2026 | 2.14 Bn |
| Mar 31, 2026 | 1.70 Bn |
| Mar 31, 2026 | 1.70 Bn |
| Dec 31, 2025 | 1.75 Bn |
| Dec 31, 2025 | 1.75 Bn |
| Sep 30, 2025 | 1.64 Bn |
| Sep 30, 2025 | 1.64 Bn |
| Jun 30, 2025 | 1.82 Bn |
| Jun 30, 2025 | 1.82 Bn |
| Mar 31, 2025 | 1.30 Bn |
| Mar 31, 2025 | 1.30 Bn |
| Dec 31, 2024 | 1.48 Bn |
| Dec 31, 2024 | 1.48 Bn |
| Sep 30, 2024 | 1.49 Bn |
| Sep 30, 2024 | 1.49 Bn |
| Jun 30, 2024 | 1.36 Bn |
| Jun 30, 2024 | 1.36 Bn |
| Mar 31, 2024 | 1.34 Bn |
| Mar 31, 2024 | 1.34 Bn |