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Targa Resources (TRGP) Operating Expenses (2016 - 2025)

Targa Resources (TRGP) has disclosed Operating Expenses for 13 consecutive years, with $337.6 million as the latest value for Q4 2025.

  • On a quarterly basis, Operating Expenses rose 10.36% to $337.6 million in Q4 2025 year-over-year; TTM through Dec 2025 was $1.3 billion, a 10.44% increase, with the full-year FY2025 number at $1.3 billion, up 10.44% from a year prior.
  • Operating Expenses was $337.6 million for Q4 2025 at Targa Resources, up from $333.5 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $337.6 million in Q4 2025 to a low of $171.1 million in Q1 2021.
  • A 5-year average of $260.6 million and a median of $271.0 million in 2023 define the central range for Operating Expenses.
  • Peak YoY movement for Operating Expenses: fell 5.37% in 2021, then surged 40.71% in 2023.
  • Targa Resources' Operating Expenses stood at $201.7 million in 2021, then grew by 25.04% to $252.2 million in 2022, then increased by 6.86% to $269.5 million in 2023, then rose by 13.51% to $305.9 million in 2024, then grew by 10.36% to $337.6 million in 2025.
  • Per Business Quant, the three most recent readings for TRGP's Operating Expenses are $337.6 million (Q4 2025), $333.5 million (Q3 2025), and $323.6 million (Q2 2025).