Targa Resources (TRGP) Net Income (2010 - 2026)

Targa Resources (TRGP) reported Net Income of $487.4 million for Q1 2026, up 74.2% year-over-year from $279.8 million in Q1 2025, and down 54.44% quarter-over-quarter from $1.1 billion in Q4 2025.

Targa Resources (TRGP) Net Income (2010 - 2026) Analysis & Trends

Targa Resources (TRGP) has 17 years of Net Income data on file, last reported at $487.4 million in Q1 2026.

  • Net Income for Q1 2026 came in at $487.4 million, up 74.2% year-over-year; the trailing twelve-month figure through Mar 2026 was $2.7 billion (up 78.63% YoY), and the FY2025 annual result was $2.5 billion, up 59.21% from the prior year.
  • Net Income retreated to $487.4 million in Q1 2026 per TRGP's latest filing, from $1.1 billion in the prior quarter.
  • Over five years, Net Income peaked at $1.1 billion in Q4 2025 and troughed at $168.6 million in Q1 2022.
  • A 5-year average of $476.5 million and a median of $448.1 million in 2024 frame the typical range for Net Income.
  • The sharpest annual moves came in 2022 and 2023: Net Income surged 342.47% in 2022, then plunged 43.64% in 2023.
  • A 5-year view of Net Income shows it stood at $521.0 million in 2022, then jumped by 35.74% to $707.2 million in 2023, then slumped by 41.46% to $414.0 million in 2024, then surged by 158.38% to $1.1 billion in 2025, then sank by 54.44% 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.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Net Income (Qtr)
1 Enbridge 88.33 Bn 89.03 Bn 6.70 Bn 1.30 Bn
2 Enterprise Products Partners 80.83 Bn 79.68 Bn - 1.50 Bn
3 Kinder Morgan 69.66 Bn 70.75 Bn 3.08 Bn 1.00 Bn
4 Energy Transfer 65.60 Bn 64.88 Bn 6.62 Bn 1.98 Bn
5 Scorpio Tankers 59.17 Bn 58.19 Bn - 239.84 Mn
6 Mplx 57.43 Bn 55.92 Bn 2.54 Bn 922.00 Mn
7 Targa Resources 56.68 Bn 56.71 Bn 1.70 Bn 487.40 Mn
8 Oneok 55.34 Bn 55.21 Bn 2.57 Bn 776.00 Mn
9 Tc Energy 50.79 Bn 51.99 Bn 2.95 Bn 15.06 Mn
10 Cheniere Energy 50.33 Bn 52.53 Bn 5.86 Bn -3.41 Bn

Historic Data

Download Data
DateValue
Mar 31, 2026 487.40 Mn
Dec 31, 2025 1.07 Bn
Sep 30, 2025 486.60 Mn
Jun 30, 2025 637.20 Mn
Mar 31, 2025 279.80 Mn
Dec 31, 2024 414.00 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 521.00 Mn
Sep 30, 2022 279.30 Mn
Jun 30, 2022 687.60 Mn
Mar 31, 2022 168.60 Mn
Dec 31, 2021 -249.20 Mn
Sep 30, 2021 288.00 Mn
Jun 30, 2021 155.40 Mn