Targa Resources TRGP
NYSE TRGP
$290.01 -3.59 (-1.22%)
At close: Sep 4, 2026 · 4:00 PM EDT

Targa Resources (TRGP) Operating Expenses (2010 - 2026)

Targa Resources' (TRGP) quarterly Operating Expenses came in at $354.1 million in Q2 2026, up 9.43% year-over-year from $323.6 million in Q2 2025, and up 6.11% quarter-over-quarter from $333.7 million in Q1 2026.

Analysis

Targa Resources (TRGP) Operating Expenses (2010 - 2026) Analysis & Trends

Targa Resources (TRGP) has reported Operating Expenses for 17 consecutive years, with $354.1 million the latest figure, recorded in Q2 2026.

  • On a quarterly basis, Operating Expenses rose 9.43% year-over-year to $354.1 million in Q2 2026; TTM through Jun 2026 was $1.4 billion, a 10.11% increase from a year earlier, with the FY2025 full-year figure at $1.3 billion, up 10.44% from the prior year.
  • Operating Expenses was $354.1 million for Q2 2026 at Targa Resources, up from $333.7 million in the prior quarter.
  • Over five years, Operating Expenses peaked at $354.1 million in Q2 2026 and troughed at $183.5 million in Q1 2022.
  • A 5-year average of $286.2 million and a median of $284.3 million in 2024 frame the typical range for Operating Expenses.
  • The widest YoY moves for Operating Expenses: up 40.71% in 2023, down 6.28% in 2023.
  • Over 5 years, Operating Expenses stood at $252.2 million in 2022, then rose by 6.86% to $269.5 million in 2023, then gained by 13.51% to $305.9 million in 2024, then increased by 10.36% to $337.6 million in 2025, then rose by 4.89% to $354.1 million in 2026.
  • The last three Operating Expenses figures came in at $354.1 million (Q2 2026), $333.7 million (Q1 2026), and $337.6 million (Q4 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Kinder Morgan 111.69 Bn 112.81 Bn 3.07 Bn 3.13 Bn
2 Enterprise Products Partners 84.07 Bn 83.21 Bn - 16.13 Bn
3 Energy Transfer 74.03 Bn 73.00 Bn 7.40 Bn 30.76 Bn
4 Tc Energy 65.16 Bn 64.62 Bn 1.80 Bn -
5 Targa Resources 62.18 Bn 62.19 Bn 2.14 Bn 354.10 Mn
6 Mplx 60.51 Bn 59.48 Bn 2.73 Bn 1.93 Bn
7 Oneok 60.16 Bn 60.09 Bn 2.81 Bn 4.00 Mn
8 Enbridge 54.38 Bn 54.88 Bn 5.23 Bn 19.09 Bn
9 Pembina Pipeline 28.12 Bn 27.76 Bn 933.00 Mn 132.00 Mn
10 Gas Transporter Of The South 21.92 Bn -3,019.13 Bn - -
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 354.10 Mn
Mar 31, 2026 333.70 Mn
Dec 31, 2025 337.60 Mn
Sep 30, 2025 333.50 Mn
Jun 30, 2025 323.60 Mn
Mar 31, 2025 303.60 Mn
Dec 31, 2024 305.90 Mn
Sep 30, 2024 301.00 Mn
Jun 30, 2024 290.70 Mn
Mar 31, 2024 278.00 Mn
Dec 31, 2023 269.50 Mn
Sep 30, 2023 277.70 Mn
Jun 30, 2023 272.60 Mn
Mar 31, 2023 258.20 Mn
Dec 31, 2022 252.20 Mn
Sep 30, 2022 261.30 Mn
Jun 30, 2022 215.80 Mn
Mar 31, 2022 183.50 Mn
Dec 31, 2021 201.70 Mn
Sep 30, 2021 189.40 Mn