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
DateValue
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