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Targa Resources (TRGP) Operating Expenses (2016 - 2026)

Targa Resources has reported Operating Expenses over the past 13 years, most recently at $337.6 million for Q4 2025.

  • Quarterly Operating Expenses rose 10.36% to $337.6 million in Q4 2025 from the year-ago period, while the trailing twelve-month figure was $1.3 billion through Dec 2025, up 10.44% year-over-year, with the annual reading at $1.3 billion for FY2025, 10.44% up from the prior year.
  • Operating Expenses was $337.6 million for Q4 2025 at Targa Resources, up from $333.5 million in the prior quarter.
  • Over five years, Operating Expenses peaked at $337.6 million in Q4 2025 and troughed at $171.1 million in Q1 2021.
  • The 5-year median for Operating Expenses is $271.0 million (2023), against an average of $260.6 million.
  • Year-over-year, Operating Expenses fell 5.37% in 2021 and then surged 40.71% in 2023.
  • A 5-year view of Operating Expenses shows it stood at $201.7 million in 2021, then rose by 25.04% to $252.2 million in 2022, then grew by 6.86% to $269.5 million in 2023, then increased by 13.51% to $305.9 million in 2024, then rose 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).