Targa Resources Corp. (TRGP) — Financial statements
Income statement, balance sheet, and cash flow for Targa Resources Corp. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 17,136↑3.1% | 16,627↑6.5% | 15,619↓28.0% | 21,685↑24.3% | 17,440 | |
| Cost of Revenue | 12,593↓5.3% | 13,302↑1.7% | 13,084↓30.7% | 18,891↑23.1% | 15,347 | |
| Gross Profit | 4,543↑36.6% | 3,325↑31.2% | 2,535↓9.2% | 2,794↑33.5% | 2,093 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 406↑5.5% | 385↑10.4% | 349↑12.6% | 310↑13.4% | 273 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 406↑5.5% | 385↑10.4% | 349↑12.6% | 310↑13.4% | 273 | |
| Other Expenses | 690↑19817.1% | -4↓3400.0% | -0.10 | 0.00↓100.0% | 0.10 | |
| Operating Expenses | 1,096↑187.4% | 381↑9.4% | 349↑12.6% | 310↑13.3% | 273 | |
| Total Costs & Expenses | 13,689↑0.0% | 13,683↑1.9% | 13,433↓30.0% | 19,201↑22.9% | 15,620 | |
| Operating Results | ||||||
| Operating Income | 3,447↑17.1% | 2,944↑34.6% | 2,187↓12.0% | 2,484↑36.5% | 1,820 | |
| Depreciation & Amortization | 1,515↑5.7% | 1,434↑7.3% | 1,336↑21.3% | 1,101↑25.9% | 875 | |
| EBITDA | 4,855↑17.3% | 4,139↑4.4% | 3,966↑23.5% | 3,210↑88.9% | 1,699 | |
| EBIT | 3,339↑23.4% | 2,705↑2.8% | 2,630↑24.7% | 2,109↑155.7% | 825 | |
| Interest & Other Income | ||||||
| Net Interest Income | -853↓11.2% | -767↓11.5% | -688↓54.2% | -446↓15.0% | -388 | |
| Interest Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Interest Expense | 853↑11.2% | 767↑11.5% | 688↑54.2% | 446↑15.0% | 388 | |
| Non-Operating Income | 108↓54.9% | 239↑153.8% | -444↓218.4% | 375↓62.4% | 995 | |
| Other Income / Expenses | -960↑4.5% | -1,006↓311.9% | -244↑70.2% | -821↑40.7% | -1,383 | |
| Income Before Tax | 2,486↑28.3% | 1,938↓0.2% | 1,943↑16.8% | 1,663↑280.7% | 437 | |
| Income Tax Expense | 530↑37.8% | 385↑5.9% | 363↑175.6% | 132↑790.5% | 15 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 1,957↑26.0% | 1,554↓1.6% | 1,579↑3.1% | 1,531↑262.8% | 422 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 1,844↑45.3% | 1,270↑53.3% | 828↓27.5% | 1,142↑1504.4% | 71 | |
| Bottom-Line Net Income | 1,844↑45.3% | 1,270↑53.3% | 828↓7.6% | 897↑5670.2% | -16 | |
| EPS (Basic) | 8.54↑48.0% | 5.77↑56.5% | 3.69↓6.5% | 3.95↑5704.3% | -0.07 | |
| EPS (Diluted) | 8.52↑48.4% | 5.74↑56.6% | 3.66↓5.6% | 3.88↑5612.2% | -0.07 | |
| Weighted Average Shares | 215↓2.4% | 220↓2.0% | 225↓1.2% | 227↓0.6% | 229 | |
| Weighted Average Diluted Shares | 215↓2.8% | 221↓2.1% | 226↓2.2% | 231↑1.1% | 229 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.