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TRGP · NYSE · Oil & Gas Midstream

Targa Resources (TRGP)

Moves Permian natural gas and NGLs from gathering systems to Gulf Coast fractionation and exports.

$288.05

vs last close+5.89 (+2.09%)

In millions of USD, except per-share figures

In millions	Q3 FY23Sep 2023	Q4 FY23Dec 2023	Q1 FY24Mar 2024	Q2 FY24Jun 2024	Q3 FY24Sep 2024	Q4 FY24Dec 2024	Q1 FY25Mar 2025	Q2 FY25Jun 2025	Q3 FY25Sep 2025	Q4 FY25Dec 2025	Q1 FY26Mar 2026	Q2 FY26Jun 2026
Revenue	3,881	4,232	4,562	3,619	3,886	4,405	4,853	4,026	4,202	4,056	4,095	4,440
Cost of revenue	3,299	3,509	3,559	2,837	3,021	3,301	3,929	3,133	3,223	2,308	2,821	2,302
Gross profit	582	722	1,004	782	865	1,104	924	893	978	1,748	1,274	2,138
	90	95	365	98	101	404	88	84	94	831	427	904
	90	95	87	98	103	98	95	95	105	112	108	108
General & administrative	90	95	87	98	103	98	95	95	105	112	108	108
Other expenses	0	0	278	0	−2	306	−7	−11	−11	719	320	796
Operating income	492	627	639	684	764	701	836	809	885	917	847	1,235
	−160	−167	−224	−230	−219	−176	−484	13	−264	−225	−236	−684
Interest expense	175	178	229	176	185	178	197	218	221	216	0	237
Other non-operating income	−16	−11	−5	54	34	−2	287	−231	43	9	236	447
Income before tax	333	460	415	453	545	524	352	821	621	692	611	551
Income tax expense	54	103	83	94	97	110	72	184	134	139	124	−227
Net income from continuing operations	279	358	333	359	448	414	280	637	487	553	487	778
Other adjustments	−2	−3	0	−2	−3	0	−1	−4	−3	0	0	0
Net income	218	278	275	296	385	351	199	625	476	545	480	765
EPS, basic	$0.97	$1.25	$1.23	$1.34	$1.76	$1.45	$0.91	$2.89	$2.21	$2.53	$2.23	$3.56
EPS, diluted	$0.97	$1.25	$1.22	$1.33	$1.75	$1.45	$0.91	$2.88	$2.20	$2.53	$2.21	$3.56
Weighted average shares, basic	224	223	223	221	219	220	218	217	215	215	215	215
Weighted average shares, diluted	225	223	224	222	220	221	219	217	216	215	215	215
EBITDA	841	981	984	979	1,086	1,081	917	1,413	1,226	1,299	1,037	1,240
Depreciation & amortization	333	343	341	350	356	379	368	374	384	391	426	453
EBIT	508	638	644	629	730	702	549	1,040	842	908	611	787