Targa Resources (TRGP) Operating Income (2010 - 2026)
Targa Resources' (TRGP) quarterly Operating Income came in at $846.9 million in Q1 2026, up 55.88% year-on-year from $543.3 million in Q1 2025, and down 7.68% on a QoQ basis from $917.4 million in Q4 2025.
Targa Resources (TRGP) Operating Income (2010 - 2026) Analysis & Trends
Targa Resources (TRGP) has 17 years of Operating Income data on file, last reported at $846.9 million in Q1 2026.
- On a quarterly basis, Operating Income rose 55.88% year-over-year to $846.9 million in Q1 2026; TTM through Mar 2026 was $3.6 billion, a 39.84% increase from a year earlier, with the FY2025 full-year figure at $3.3 billion, up 23.59% from the prior year.
- Operating Income for Q1 2026 stood at $846.9 million, down from $917.4 million in the prior quarter.
- Over the last five years, Operating Income for TRGP reached as high as $1.0 billion in Q2 2025 and fell as low as $295.8 million in Q1 2022.
- Historically, Operating Income has averaged $660.5 million across 5 years, with a median of $639.4 million in 2024.
- Across the five-year window, Operating Income surged 701.97% in 2022 and dropped 23.58% in 2024, its largest moves.
- Year by year, Operating Income stood at $551.4 million in 2022, then gained by 15.22% to $635.3 million in 2023, then rose by 10.26% to $700.5 million in 2024, then soared by 30.96% to $917.4 million in 2025, then dropped by 7.68% to $846.9 million in 2026.
- Per Business Quant data, the three most recent Operating Income figures were $846.9 million in Q1 2026, $917.4 million in Q4 2025, and $836.9 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | DHT Holdings | 2,706.13 Bn | 2,706.00 Bn | 167.16 Mn | 167.66 Mn |
| 2 | Flex LNG | 1,674.16 Bn | 1,673.77 Bn | 61.79 Mn | 83.60 Mn |
| 3 | Kinder Morgan | 112.74 Bn | 113.82 Bn | 3.07 Bn | 1.35 Bn |
| 4 | Enbridge | 89.82 Bn | 89.03 Bn | 6.70 Bn | 2.35 Bn |
| 5 | Enterprise Products Partners | 83.97 Bn | 82.82 Bn | - | 1.90 Bn |
| 6 | Tc Energy | 72.76 Bn | 73.95 Bn | 1.36 Bn | 441.01 Mn |
| 7 | Energy Transfer | 70.27 Bn | 69.30 Bn | 6.62 Bn | 2.98 Bn |
| 8 | Targa Resources | 61.30 Bn | 61.34 Bn | 1.70 Bn | 846.90 Mn |
| 9 | Oneok | 61.15 Bn | 61.02 Bn | 8.98 Bn | 1.43 Bn |
| 10 | Mplx | 58.39 Bn | 56.89 Bn | 1.95 Bn | 1.21 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 846.90 Mn |
| Dec 31, 2025 | 917.40 Mn |
| Sep 30, 2025 | 836.90 Mn |
| Jun 30, 2025 | 1.03 Bn |
| Mar 31, 2025 | 543.30 Mn |
| Dec 31, 2024 | 700.50 Mn |
| Sep 30, 2024 | 728.20 Mn |
| Jun 30, 2024 | 627.20 Mn |
| Mar 31, 2024 | 639.40 Mn |
| Dec 31, 2023 | 635.30 Mn |
| Sep 30, 2023 | 505.10 Mn |
| Jun 30, 2023 | 649.10 Mn |
| Mar 31, 2023 | 836.70 Mn |
| Dec 31, 2022 | 551.40 Mn |
| Sep 30, 2022 | 430.00 Mn |
| Jun 30, 2022 | 451.90 Mn |
| Mar 31, 2022 | 295.80 Mn |
| Dec 31, 2021 | -91.60 Mn |
| Sep 30, 2021 | 366.50 Mn |
| Jun 30, 2021 | 245.80 Mn |