Targa Resources (TRGP) Operating Expenses (2010 - 2026)
Targa Resources (TRGP) posted quarterly Operating Expenses of $333.7 million for Q1 2026, up 9.91% year-over-year from $303.6 million in Q1 2025, and down 1.16% quarter-over-quarter from $337.6 million in Q4 2025.
Targa Resources (TRGP) Operating Expenses (2010 - 2026) Analysis & Trends
Targa Resources (TRGP) has reported Operating Expenses for 17 consecutive years, with $333.7 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Operating Expenses rose 9.91% year-over-year to $333.7 million; the TTM figure through Mar 2026 stood at $1.3 billion (up 10.59% YoY), while the FY2025 annual figure was $1.3 billion, up 10.44% from the prior year.
- Operating Expenses retreated to $333.7 million in Q1 2026 per TRGP's latest filing, from $337.6 million in the prior quarter.
- Across five years, Operating Expenses topped out at $337.6 million in Q4 2025 and bottomed at $183.5 million in Q1 2022.
- Historically, Operating Expenses has averaged $282.3 million across 5 years, with a median of $278.0 million in 2024.
- On a YoY basis, Operating Expenses climbed as much as 40.71% in 2023 and fell as far as 6.28% in 2023.
- Targa Resources' Operating Expenses stood at $252.2 million in 2022, then advanced by 6.86% to $269.5 million in 2023, then climbed by 13.51% to $305.9 million in 2024, then gained by 10.36% to $337.6 million in 2025, then retreated by 1.16% to $333.7 million in 2026.
- Business Quant data shows TRGP's Operating Expenses at $333.7 million in Q1 2026, $337.6 million in Q4 2025, and $333.5 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 112.69 Bn | 112.57 Bn | 3.07 Bn | 3.13 Bn |
| 2 | Enbridge | 111.13 Bn | 109.64 Bn | 5.23 Bn | 19.09 Bn |
| 3 | Enterprise Products Partners | 83.45 Bn | 82.54 Bn | - | 16.13 Bn |
| 4 | Energy Transfer | 72.53 Bn | 71.50 Bn | 7.40 Bn | 30.76 Bn |
| 5 | Tc Energy | 66.12 Bn | 58.56 Bn | 1.24 Bn | 851.61 Mn |
| 6 | Mplx | 60.19 Bn | 59.16 Bn | 2.73 Bn | 1.93 Bn |
| 7 | Oneok | 60.00 Bn | 59.84 Bn | 2.81 Bn | 4.00 Mn |
| 8 | Targa Resources | 59.13 Bn | 59.00 Bn | 2.14 Bn | 354.10 Mn |
| 9 | Cheniere Energy | 56.04 Bn | 54.79 Bn | 5.29 Bn | 1.44 Bn |
| 10 | Venture Global | 34.44 Bn | 31.22 Bn | 2.92 Bn | 2.39 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |