Targa Resources (TRGP) Gross Profit (2014 - 2026)
Targa Resources (TRGP) reported 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 (2014 - 2026) Analysis & Trends
Targa Resources (TRGP) has 13 years of Gross Profit data on file, last reported at $1.7 billion in Q1 2026.
- Gross Profit for Q1 2026 came in at $1.7 billion, up 30.41% year-over-year; the trailing twelve-month figure through Mar 2026 was $6.9 billion (up 184.33% YoY), and the FY2025 annual result was $6.5 billion, up 181.98% from the prior year.
- Gross Profit eased to $1.7 billion in Q1 2026 per TRGP's latest filing, 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.
- A 5-year average of $818.4 million and a median of $532.1 million in 2024 frame the typical range for Gross Profit.
- The sharpest annual moves came in 2022 and 2025: Gross Profit tumbled 931.11% in 2022, then surged 9392.66% in 2025.
- A 5-year view of Gross Profit shows it stood at $2.4 billion in 2022, then slumped by 100.78% to -$18.8 million in 2023, then soared by 3286.17% to $599.0 million in 2024, then jumped by 191.8% to $1.7 billion in 2025, then dropped 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.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Enbridge | 88.15 Bn | 88.85 Bn | 6.70 Bn |
| 2 | Enterprise Products Partners | 81.41 Bn | 80.26 Bn | - |
| 3 | Kinder Morgan | 69.70 Bn | 70.78 Bn | 3.08 Bn |
| 4 | Energy Transfer | 66.51 Bn | 65.79 Bn | 6.62 Bn |
| 5 | Scorpio Tankers | 59.31 Bn | 58.33 Bn | - |
| 6 | Mplx | 57.21 Bn | 55.70 Bn | 2.54 Bn |
| 7 | Targa Resources | 56.78 Bn | 56.82 Bn | 1.70 Bn |
| 8 | Oneok | 55.57 Bn | 55.44 Bn | 2.57 Bn |
| 9 | Tc Energy | 50.90 Bn | 52.09 Bn | 2.95 Bn |
| 10 | Cheniere Energy | 49.81 Bn | 52.01 Bn | 5.86 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |