Targa Resources (TRGP) Net Income (2010 - 2026)
Targa Resources' (TRGP) quarterly Net Income came in at $487.4 million in Q1 2026, up 74.2% year-on-year from $279.8 million in Q1 2025, and down 54.44% sequentially from $1.1 billion in Q4 2025.
Targa Resources (TRGP) Net Income (2010 - 2026) Analysis & Trends
Targa Resources' Net Income history runs 17 years deep, the most recent figure standing at $487.4 million for 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 78.63% YoY), while the FY2025 annual figure was $2.5 billion, up 59.21% from the prior year.
- Net Income came in at $487.4 million for Q1 2026 at Targa Resources, down 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.
- The 5-year median for Net Income is $448.1 million (2024), against an average of $476.5 million.
- The widest annual swing landed in 2022, when Net Income soared 342.47%; it then sank 43.64% in 2023.
- A 5-year view of Net Income shows it stood at $521.0 million in 2022, then surged by 35.74% to $707.2 million in 2023, then tumbled by 41.46% to $414.0 million in 2024, then soared by 158.38% to $1.1 billion in 2025, then slumped by 54.44% to $487.4 million in 2026.
- Per Business Quant data, the three most recent Net Income figures were $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 | 1,308.38 Bn | 1,309.08 Bn | 6.70 Bn | 1.30 Bn |
| 2 | Kinder Morgan | 112.34 Bn | 113.42 Bn | 3.08 Bn | 1.00 Bn |
| 3 | Enterprise Products Partners | 79.55 Bn | 78.40 Bn | - | 1.50 Bn |
| 4 | Energy Transfer | 65.78 Bn | 65.07 Bn | 6.62 Bn | 1.98 Bn |
| 5 | Targa Resources | 57.60 Bn | 57.63 Bn | 1.70 Bn | 487.40 Mn |
| 6 | Mplx | 57.17 Bn | 55.67 Bn | 2.54 Bn | 922.00 Mn |
| 7 | Oneok | 54.83 Bn | 54.70 Bn | 2.57 Bn | 776.00 Mn |
| 8 | Cheniere Energy Partners | 29.50 Bn | 29.22 Bn | 838.00 Mn | 183.00 Mn |
| 9 | Venture Global | 27.41 Bn | 27.36 Bn | 4.33 Bn | 625.00 Mn |
| 10 | Plains All American Pipeline | 15.72 Bn | 15.54 Bn | 977.00 Mn | -103.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |