Targa Resources (TRGP) Gross Profit (2017 - 2026)
Targa Resources (TRGP) posted Gross Profit of $2.14 billion for Q2 2026, up 17.2% from $1.82 billion a year earlier and up 25.8% from the prior quarter.
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Analysis
Targa Resources (TRGP) Gross Profit (2017 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Gross Profit at Targa Resources was $7.23 billion, up 18.6% year-over-year; for FY2025, it was $6.52 billion, up 14.8% from FY2024.
- Annual Gross Profit has increased for nine consecutive years, with a five-year compound annual growth rate of 16.2% (FY2020 to FY2025).
- In prior years, Targa Resources' Gross Profit was $5.68 billion in FY2024 (+5.5%), $5.38 billion in FY2023 (+33.0%), $4.05 billion in FY2022 (+25.7%) and $3.22 billion in FY2021 (+4.8%).
- The Q2 2026 figure stands as the highest quarterly Gross Profit in data going back to Q3 2017.
- On a year-over-year basis, Gross Profit has increased in each of the last five quarters, with growth averaging 17.6% over the last eight quarters.
- The strongest year-over-year quarter for Gross Profit in the past five years was Q1 2023, with growth of 98.9%; the weakest was Q1 2024, with a decline of 10.5%.
- According to Business Quant data, Gross Profit for the three prior quarters was $1.7 billion (Q1 2026), $1.75 billion (Q4 2025) and $1.64 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Enbridge | 101.53 Bn | 99.08 Bn | 4.84 Bn |
| 2 | Enterprise Products Partners | 76.92 Bn | 75.35 Bn | - |
| 3 | Energy Transfer | 67.97 Bn | 61.41 Bn | 7.40 Bn |
| 4 | Kinder Morgan | 67.10 Bn | 68.05 Bn | 3.07 Bn |
| 5 | Tc Energy | 60.19 Bn | 63.26 Bn | 2.81 Bn |
| 6 | Targa Resources | 57.97 Bn | 57.59 Bn | 2.14 Bn |
| 7 | Mplx | 57.16 Bn | 50.72 Bn | 2.91 Bn |
| 8 | Cheniere Energy | 55.61 Bn | 55.74 Bn | 5.29 Bn |
| 9 | Oneok | 53.75 Bn | 52.24 Bn | 2.81 Bn |
| 10 | Venture Global | 31.49 Bn | 26.04 Bn | 2.92 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 |
API Access
Targa Resources Gross Profit API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-profit&ticker=TRGP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-profit", "ticker": "TRGP", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-profit&ticker=TRGP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();