Targa Resources (TRGP) Gross Profit (2014 - 2026)

Targa Resources' (TRGP) quarterly Gross Profit came in at $1.7 billion in Q1 2026, up 30.41% year-on-year from $1.3 billion in Q1 2025, and down 2.73% sequentially from $1.7 billion in Q4 2025.

Targa Resources (TRGP) Gross Profit (2014 - 2026) Analysis & Trends

Targa Resources' Gross Profit history runs 13 years deep, the most recent figure standing at $1.7 billion for 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 184.33% YoY), while the FY2025 annual figure was $6.5 billion, up 181.98% from the prior year.
  • Gross Profit came in at $1.7 billion for Q1 2026 at Targa Resources, down from $1.7 billion in the prior quarter.
  • Over five years, Gross Profit peaked at $2.4 billion in Q4 2022 and troughed at -$178.3 million in Q1 2022.
  • The 5-year median for Gross Profit is $532.1 million (2024), against an average of $818.4 million.
  • The widest annual swing landed in 2022, when Gross Profit plunged 931.11%; it then soared 9392.66% in 2025.
  • A 5-year view of Gross Profit shows it stood at $2.4 billion in 2022, then tumbled by 100.78% to -$18.8 million in 2023, then jumped by 3286.17% to $599.0 million in 2024, then surged by 191.8% to $1.7 billion in 2025, then declined by 2.73% to $1.7 billion in 2026.
  • Per Business Quant data, the three most recent Gross Profit figures were $1.7 billion in Q1 2026, $1.7 billion in Q4 2025, and $1.6 billion in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 Enbridge 1,308.38 Bn 1,309.08 Bn 6.70 Bn
2 Kinder Morgan 112.34 Bn 113.42 Bn 3.08 Bn
3 Enterprise Products Partners 79.55 Bn 78.40 Bn -
4 Energy Transfer 65.78 Bn 65.07 Bn 6.62 Bn
5 Targa Resources 57.60 Bn 57.63 Bn 1.70 Bn
6 Mplx 57.17 Bn 55.67 Bn 2.54 Bn
7 Oneok 54.83 Bn 54.70 Bn 2.57 Bn
8 Cheniere Energy Partners 29.50 Bn 29.22 Bn 838.00 Mn
9 Venture Global 27.41 Bn 27.36 Bn 4.33 Bn
10 Plains All American Pipeline 15.72 Bn 15.54 Bn 977.00 Mn

Historic Data

Download Data
DateValue
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 599.00 Mn
Dec 31, 2024 599.00 Mn
Sep 30, 2024 -17.70 Mn
Sep 30, 2024 -17.70 Mn
Jun 30, 2024 547.70 Mn
Jun 30, 2024 547.70 Mn
Mar 31, 2024 532.10 Mn
Mar 31, 2024 532.10 Mn
Dec 31, 2023 -18.80 Mn
Dec 31, 2023 -18.80 Mn