Targa Resources (TRGP) Operating Income (2010 - 2026)
Targa Resources (TRGP) posted quarterly Operating Income of $846.9 million for Q1 2026, up 55.88% year-over-year from $543.3 million in Q1 2025, and down 7.68% quarter-over-quarter from $917.4 million in Q4 2025.
Targa Resources (TRGP) Operating Income (2010 - 2026) Analysis & Trends
Targa Resources (TRGP) has reported Operating Income for 17 consecutive years, with $846.9 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Operating Income rose 55.88% year-over-year to $846.9 million; the TTM figure through Mar 2026 stood at $3.6 billion (up 39.84% YoY), while the FY2025 annual figure was $3.3 billion, up 23.59% from the prior year.
- Operating Income fell to $846.9 million in Q1 2026 per TRGP's latest filing, from $917.4 million in the prior quarter.
- Across five years, Operating Income topped out at $1.0 billion in Q2 2025 and bottomed at $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.
- Annual changes were most pronounced in 2022 — Operating Income jumped 701.97% — and 2024, when it fell 23.58%.
- Targa Resources' Operating Income stood at $551.4 million in 2022, then increased by 15.22% to $635.3 million in 2023, then grew by 10.26% to $700.5 million in 2024, then jumped by 30.96% to $917.4 million in 2025, then decreased by 7.68% to $846.9 million in 2026.
- Business Quant data shows TRGP's Operating Income at $846.9 million in Q1 2026, $917.4 million in Q4 2025, and $836.9 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 112.69 Bn | 112.57 Bn | 3.07 Bn | 1.35 Bn |
| 2 | Enbridge | 110.91 Bn | 109.42 Bn | 5.23 Bn | 2.10 Bn |
| 3 | Enterprise Products Partners | 83.41 Bn | 82.50 Bn | - | 2.25 Bn |
| 4 | Energy Transfer | 72.45 Bn | 71.42 Bn | 7.40 Bn | 3.57 Bn |
| 5 | Tc Energy | 65.95 Bn | 58.39 Bn | 1.24 Bn | 384.60 Mn |
| 6 | Mplx | 60.44 Bn | 59.41 Bn | 2.73 Bn | 1.38 Bn |
| 7 | Oneok | 59.80 Bn | 59.64 Bn | 2.81 Bn | 1.59 Bn |
| 8 | Targa Resources | 59.00 Bn | 58.86 Bn | 2.14 Bn | 1.23 Bn |
| 9 | Cheniere Energy | 55.77 Bn | 54.52 Bn | 5.29 Bn | 4.29 Bn |
| 10 | Venture Global | 34.04 Bn | 30.82 Bn | 2.92 Bn | 2.19 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 1.23 Bn |
| 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 |