Targa Resources (TRGP) Gross Profit (2017 - 2026)
Targa Resources' (TRGP) quarterly Gross Profit came in at $2.1 billion in Q2 2026, up 17.21% year-over-year from $1.8 billion in Q2 2025, and up 25.76% quarter-over-quarter from $1.7 billion in Q1 2026.
Analysis
Targa Resources (TRGP) Gross Profit (2017 - 2026) Analysis & Trends
Targa Resources (TRGP) has reported Gross Profit for 10 consecutive years, with $2.1 billion the latest figure, recorded in Q2 2026.
- On a quarterly basis, Gross Profit rose 17.21% year-over-year to $2.1 billion in Q2 2026; TTM through Jun 2026 was $7.2 billion, a 18.59% increase from a year earlier, with the FY2025 full-year figure at $6.5 billion, up 14.83% from the prior year.
- Gross Profit was $2.1 billion for Q2 2026 at Targa Resources, up from $1.7 billion in the prior quarter.
- Over five years, Gross Profit peaked at $2.1 billion in Q2 2026 and troughed at $755.0 million in Q1 2022.
- A 5-year average of $1.4 billion and a median of $1.4 billion in 2024 frame the typical range for Gross Profit.
- Across the five-year window, Gross Profit jumped 98.87% in 2023 and decreased 10.46% in 2024, its largest moves.
- Over 5 years, Gross Profit stood at $1.2 billion in 2022, then climbed by 8.98% to $1.3 billion in 2023, then grew by 10.57% to $1.5 billion in 2024, then advanced by 17.89% to $1.7 billion in 2025, then grew by 22.32% to $2.1 billion in 2026.
- The last three Gross Profit figures came in at $2.1 billion (Q2 2026), $1.7 billion (Q1 2026), and $1.7 billion (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Kinder Morgan | 111.69 Bn | 112.81 Bn | 3.07 Bn |
| 2 | Enterprise Products Partners | 84.07 Bn | 83.21 Bn | - |
| 3 | Energy Transfer | 74.03 Bn | 73.00 Bn | 7.40 Bn |
| 4 | Tc Energy | 65.16 Bn | 64.62 Bn | 1.80 Bn |
| 5 | Targa Resources | 62.18 Bn | 62.19 Bn | 2.14 Bn |
| 6 | Mplx | 60.51 Bn | 59.48 Bn | 2.73 Bn |
| 7 | Oneok | 60.16 Bn | 60.09 Bn | 2.81 Bn |
| 8 | Enbridge | 54.38 Bn | 54.88 Bn | 5.23 Bn |
| 9 | Pembina Pipeline | 28.12 Bn | 27.76 Bn | 933.00 Mn |
| 10 | Gas Transporter Of The South | 21.92 Bn | -3,019.13 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 2.14 Bn |
| Mar 31, 2026 | 1.70 Bn |
| Dec 31, 2025 | 1.75 Bn |
| Sep 30, 2025 | 1.64 Bn |
| Jun 30, 2025 | 1.82 Bn |
| Mar 31, 2025 | 1.30 Bn |
| Dec 31, 2024 | 1.48 Bn |
| Sep 30, 2024 | 1.49 Bn |
| Jun 30, 2024 | 1.36 Bn |
| Mar 31, 2024 | 1.34 Bn |
| Dec 31, 2023 | 1.34 Bn |
| Sep 30, 2023 | 1.21 Bn |
| Jun 30, 2023 | 1.33 Bn |
| Mar 31, 2023 | 1.50 Bn |
| Dec 31, 2022 | 1.23 Bn |
| Sep 30, 2022 | 1.05 Bn |
| Jun 30, 2022 | 1.01 Bn |
| Mar 31, 2022 | 755.00 Mn |
| Dec 31, 2021 | 871.90 Mn |
| Sep 30, 2021 | 845.00 Mn |