Targa Resources Quarterly Income Statement
NYSE: TRGPUtilitiesNatural Gas DistributionUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Targa Resources revenue and earnings
In the quarter ended Jun 30, 2026, Targa Resources generated $4.44 billion in revenue, up 4.2% from the same quarter a year earlier. Net income was $764.6 million (+21.5% year over year), for a net margin of 17.2% versus a median of 11.7% in the prior 5 quarters. Gross margin was 48.2% (up from 42.8%) and operating margin 27.8%.
Diluted earnings per share came in at $3.54, up from $2.87.
Summary generated from market data by MetaCap's automated system. Methodology
Targa Resources income statement (quarterly)
| Quarter (USD) | Q2 20262026-06-30 | Q1 20262026-03-31 | Q4 20252025-12-31 | Q3 20252025-09-30 | Q2 20252025-06-30 | Q1 20252025-03-31 | Q4 20242024-12-31 | Q3 20242024-09-30 | Q2 20242024-06-30 | Q1 20242024-03-31 | Q4 20232023-12-31 | Q3 20232023-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 4.44B | 4.09B | 4.06B | 4.15B | 4.26B | 4.56B | 4.41B | 3.85B | 3.56B | 4.56B | 4.24B | 3.90B |
| Revenue growth (YoY) | +4.23% | -10.23% | -7.94% | +7.77% | +19.60% | -0.02% | +3.91% | -1.15% | +4.65% | +0.93% | -6.92% | -27.30% |
| Cost of Revenue | 2.30B | 2.39B | 2.31B | 2.51B | 2.44B | 3.26B | 2.92B | 2.37B | 2.20B | 3.22B | 2.90B | 2.69B |
| Gross Profit | 2.14B | 1.70B | 1.75B | 1.64B | 1.82B | 1.30B | 1.48B | 1.49B | 1.36B | 1.34B | 1.34B | 1.21B |
| Operating Expenses | 903.60M | 853.30M | 830.50M | 807.90M | 790.50M | 760.40M | 782.20M | 758.60M | 737.40M | 705.00M | 705.70M | 701.50M |
| Operating Income | 1.23B | 846.90M | 917.40M | 836.90M | 1.03B | 543.30M | 700.50M | 728.20M | 627.20M | 639.40M | 635.30M | 505.10M |
| Other Income (Expense) | -800.00K | -16.60M | -4.00M | -1.10M | 1.00M | 300.00K | 100.00K | -400.00K | -900.00K | 1.70M | 0 | -100.00K |
| Pretax Income | 1.00B | 611.30M | 692.20M | 620.90M | 821.30M | 352.00M | 524.40M | 545.10M | 453.20M | 415.30M | 460.10M | 332.90M |
| Income Tax | 227.20M | 123.90M | 139.10M | 134.30M | 184.10M | 72.20M | 110.40M | 97.00M | 94.30M | 82.70M | 102.50M | 53.90M |
| Net Income | 764.60M | 479.60M | 545.00M | 478.40M | 629.10M | 270.50M | 351.00M | 387.40M | 298.50M | 275.20M | 299.60M | 220.00M |
| Net Income growth (YoY) | +21.54% | +77.30% | +55.27% | +23.49% | +110.75% | -1.71% | +17.16% | +76.09% | -9.35% | -44.63% | -5.79% | +13.93% |
| EPS (Basic) | 3.54 | 2.22 | 2.52 | 2.21 | 2.88 | 0.91 | 1.44 | 1.76 | 1.34 | 1.23 | 1.25 | 0.97 |
| EPS (Diluted) | 3.54 | 2.21 | 2.51 | 2.20 | 2.87 | 0.91 | 1.44 | 1.75 | 1.33 | 1.22 | 1.22 | 0.97 |
| Shares Outstanding (Basic) | 214.60M | 214.80M | — | 215.20M | 216.60M | 217.90M | — | 219.00M | 221.00M | 222.80M | — | 223.80M |
| Shares Outstanding (Diluted) | 215.20M | 215.50M | — | 216.00M | 217.30M | 218.70M | — | 220.00M | 221.90M | 223.70M | — | 225.10M |
| EBITDA | 1.69B | 1.27B | 1.31B | 1.22B | 1.41B | 910.90M | 1.08B | 1.08B | 975.80M | 979.90M | 976.70M | 836.40M |
| Gross Margin | 48.15% | 41.52% | 43.10% | 39.62% | 42.82% | 28.58% | 33.66% | 38.60% | 38.31% | 29.47% | 31.63% | 30.97% |
| Operating Margin | 27.80% | 20.68% | 22.62% | 20.16% | 24.26% | 11.91% | 15.90% | 18.91% | 17.61% | 14.01% | 14.99% | 12.96% |
| Net Margin | 17.22% | 11.71% | 13.44% | 11.52% | 14.77% | 5.93% | 7.97% | 10.06% | 8.38% | 6.03% | 7.07% | 5.65% |
This table shows 12 quarterly periods of Targa Resources's income statement, from Q2 2026 back to Q3 2023, across 18 line items including revenue, cost of revenue, gross profit. Values in USD; B = billions, M = millions. Fiscal periods follow TRGP's reporting calendar. What is a income statement?