Targa Resources (TRGP) Net Income (2010 - 2026)
Targa Resources (TRGP) posted quarterly Net Income of $487.4 million for Q1 2026, up 74.2% year-over-year from $279.8 million in Q1 2025, and down 55.51% quarter-over-quarter from $1.1 billion in Q4 2025.
Targa Resources (TRGP) Net Income (2010 - 2026) Analysis & Trends
Targa Resources (TRGP) has reported Net Income for 17 consecutive years, with $487.4 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Net Income rose 74.2% year-over-year to $487.4 million; the TTM figure through Mar 2026 stood at $2.7 billion (up 83.1% YoY), while the FY2025 annual figure was $2.5 billion, up 63.23% from the prior year.
- Net Income declined to $487.4 million in Q1 2026 per TRGP's latest filing, from $1.1 billion in the prior quarter.
- Across five years, Net Income topped out at $1.1 billion in Q4 2025 and bottomed at $168.6 million in Q1 2022.
- Historically, Net Income has averaged $469.3 million across 5 years, with a median of $395.9 million in 2022.
- Annual changes were most pronounced in 2022 — Net Income surged 342.47% — and 2024, when it tumbled 44.64%.
- Targa Resources' Net Income stood at $395.9 million in 2022, then jumped by 78.63% to $707.2 million in 2023, then tumbled by 44.64% to $391.5 million in 2024, then jumped by 179.82% to $1.1 billion in 2025, then slumped by 55.51% to $487.4 million in 2026.
- Business Quant data shows TRGP's Net Income at $487.4 million in Q1 2026, $1.1 billion in Q4 2025, and $486.6 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Income (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 112.69 Bn | 112.57 Bn | 3.07 Bn | 894.00 Mn |
| 2 | Enbridge | 110.90 Bn | 109.41 Bn | 5.23 Bn | 1.13 Bn |
| 3 | Enterprise Products Partners | 83.55 Bn | 82.64 Bn | - | 1.86 Bn |
| 4 | Energy Transfer | 72.76 Bn | 71.73 Bn | 7.40 Bn | 2.53 Bn |
| 5 | Tc Energy | 65.92 Bn | 58.36 Bn | 1.24 Bn | 832.09 Mn |
| 6 | Oneok | 60.17 Bn | 60.01 Bn | 2.81 Bn | 967.00 Mn |
| 7 | Mplx | 60.12 Bn | 59.09 Bn | 2.73 Bn | 1.09 Bn |
| 8 | Targa Resources | 59.64 Bn | 59.50 Bn | 2.14 Bn | 777.70 Mn |
| 9 | Cheniere Energy | 56.21 Bn | 54.95 Bn | 5.29 Bn | 3.64 Bn |
| 10 | Venture Global | 34.31 Bn | 31.09 Bn | 2.92 Bn | 1.42 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 777.70 Mn |
| Mar 31, 2026 | 487.40 Mn |
| Dec 31, 2025 | 1.10 Bn |
| Sep 30, 2025 | 486.60 Mn |
| Jun 30, 2025 | 637.20 Mn |
| Mar 31, 2025 | 279.80 Mn |
| Dec 31, 2024 | 391.50 Mn |
| Sep 30, 2024 | 448.10 Mn |
| Jun 30, 2024 | 358.90 Mn |
| Mar 31, 2024 | 332.60 Mn |
| Dec 31, 2023 | 707.20 Mn |
| Sep 30, 2023 | 279.00 Mn |
| Jun 30, 2023 | 387.50 Mn |
| Mar 31, 2023 | 555.20 Mn |
| Dec 31, 2022 | 395.90 Mn |
| Sep 30, 2022 | 279.30 Mn |
| Jun 30, 2022 | 687.60 Mn |
| Mar 31, 2022 | 168.60 Mn |
| Dec 31, 2021 | -234.20 Mn |
| Sep 30, 2021 | 288.00 Mn |