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
DateValue
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