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 55.51% on a QoQ basis 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.
- On a quarterly basis, Net Income rose 74.2% year-over-year to $487.4 million in Q1 2026; TTM through Mar 2026 was $2.7 billion, a 83.1% increase from a year earlier, with the FY2025 full-year figure at $2.5 billion, up 63.23% from the prior year.
- Net Income for Q1 2026 stood at $487.4 million, down from $1.1 billion in the prior quarter.
- Over the last five years, Net Income for TRGP reached as high as $1.1 billion in Q4 2025 and fell as low as $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.
- Across the five-year window, Net Income soared 342.47% in 2022 and sank 44.64% in 2024, its largest moves.
- Year by year, Net Income stood at $395.9 million in 2022, then soared by 78.63% to $707.2 million in 2023, then tumbled by 44.64% to $391.5 million in 2024, then soared by 179.82% to $1.1 billion in 2025, then slumped by 55.51% 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 | DHT Holdings | 2,706.13 Bn | 2,706.00 Bn | 167.16 Mn | 164.78 Mn |
| 2 | Flex LNG | 1,674.16 Bn | 1,673.77 Bn | 61.79 Mn | 19.51 Mn |
| 3 | Kinder Morgan | 112.74 Bn | 113.82 Bn | 3.07 Bn | 894.00 Mn |
| 4 | Enbridge | 89.82 Bn | 89.03 Bn | 6.70 Bn | 1.30 Bn |
| 5 | Enterprise Products Partners | 83.97 Bn | 82.82 Bn | - | 1.50 Bn |
| 6 | Tc Energy | 72.76 Bn | 73.95 Bn | 1.36 Bn | 847.60 Mn |
| 7 | Energy Transfer | 70.27 Bn | 69.30 Bn | 6.62 Bn | 1.98 Bn |
| 8 | Targa Resources | 61.30 Bn | 61.34 Bn | 1.70 Bn | 487.40 Mn |
| 9 | Oneok | 61.15 Bn | 61.02 Bn | 8.98 Bn | 776.00 Mn |
| 10 | Mplx | 58.39 Bn | 56.89 Bn | 1.95 Bn | 922.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Jun 30, 2021 | 155.40 Mn |