Targa Resources annual gross profit
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Targa Resources Gross Profit Growth & History (TRGP)
Targa Resources's gross profit was $6.52B for fiscal 2025.
View full Targa Resources company overviewTarga Resources annual gross profit history
| Fiscal year | Period ended | Gross profit | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $6.52B | $3.09B | +89.87% |
| 2024 | 2024-12-31 | $3.43B | $589.6M | +20.73% |
| 2023 | 2023-12-31 | $2.84B | −$94.0M | −3.20% |
| 2022 | 2022-12-31 | $2.94B | $575.0M | +24.33% |
| 2021 | 2021-12-31 | $2.36B | $676.0M | +40.06% |
| 2020 | 2020-12-31 | $1.69B | −$865.0M | −33.89% |
| 2019 | 2019-12-31 | $2.55B | $306.8M | +13.66% |
| 2018 | 2018-12-31 | $2.25B | $337.0M | +17.66% |
| 2017 | 2017-12-31 | $1.91B | $140.8M | +7.96% |
| 2016 | 2016-12-31 | $1.77B | −$53.0M | −2.91% |
| 2015 | 2015-12-31 | $1.82B | $251.4M | +16.02% |
| 2014 | 2014-12-31 | $1.57B | $392.1M | +33.30% |
| 2013 | 2013-12-31 | $1.18B | $170.8M | +16.97% |
| 2012 | 2012-12-31 | $1.01B | $51.2M | +5.36% |
| 2011 | 2011-12-31 | $955.5M | — | — |
Targa Resources quarterly gross profit
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| Fiscal quarter | Period ended | Gross profit | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $2.14B | $314.0M | +17.21% |
| Q1 2026 | 2026-03-31 | $1.70B | $396.5M | +30.41% |
| Q4 2025 | 2025-12-31 | $1.75B | $1.42B | +434.53% |
| Q3 2025 | 2025-09-30 | $1.64B | $158.0M | +10.63% |
| Q2 2025 | 2025-06-30 | $1.82B | $973.8M | +114.52% |
| Q1 2025 | 2025-03-31 | $1.30B | $533.6M | +69.29% |
| Q4 2024 | 2024-12-31 | $327.0M | −$415.0M | −55.93% |
| Q3 2024 | 2024-09-30 | $1.49B | $817.7M | +122.21% |
| Q2 2024 | 2024-06-30 | $850.3M | $199.6M | +30.67% |
| Q1 2024 | 2024-03-31 | $770.1M | −$12.7M | −1.62% |
| Q4 2023 | 2023-12-31 | $742.0M | −$21.0M | −2.75% |
| Q3 2023 | 2023-09-30 | $669.1M | −$68.1M | −9.24% |
| Q2 2023 | 2023-06-30 | $650.7M | −$102.9M | −13.65% |
| Q1 2023 | 2023-03-31 | $782.8M | $98.0M | +14.31% |
| Q4 2022 | 2022-12-31 | $763.0M | $145.4M | +23.54% |
| Q3 2022 | 2022-09-30 | $737.2M | $150.1M | +25.57% |
| Q2 2022 | 2022-06-30 | $753.6M | $260.8M | +52.92% |
| Q1 2022 | 2022-03-31 | $684.8M | $18.7M | +2.81% |
| Q4 2021 | 2021-12-31 | $617.6M | $88.6M | +16.75% |
| Q3 2021 | 2021-09-30 | $587.1M | $178.4M | +43.65% |
| Q2 2021 | 2021-06-30 | $492.8M | $160.6M | +48.34% |
| Q1 2021 | 2021-03-31 | $666.1M | $248.4M | +59.47% |
| Q4 2020 | 2020-12-31 | $529.0M | −$242.1M | −31.40% |
| Q3 2020 | 2020-09-30 | $408.7M | −$165.7M | −28.85% |
| Q2 2020 | 2020-06-30 | $332.2M | −$301.5M | −47.58% |
| Q1 2020 | 2020-03-31 | $417.7M | −$155.7M | −27.15% |
| Q4 2019 | 2019-12-31 | $771.1M | $181.9M | +30.87% |
| Q3 2019 | 2019-09-30 | $574.4M | −$28.5M | −4.73% |
| Q2 2019 | 2019-06-30 | $633.7M | $94.6M | +17.55% |
| Q1 2019 | 2019-03-31 | $573.4M | $58.8M | +11.43% |
| Q4 2018 | 2018-12-31 | $589.2M | $54.6M | +10.21% |
| Q3 2018 | 2018-09-30 | $602.9M | $134.2M | +28.63% |
| Q2 2018 | 2018-06-30 | $539.1M | $92.0M | +20.58% |
| Q1 2018 | 2018-03-31 | $514.6M | $56.2M | +12.26% |
| Q4 2017 | 2017-12-31 | $534.6M | $66.0M | +14.08% |
| Q3 2017 | 2017-09-30 | $468.7M | $39.1M | +9.10% |
| Q2 2017 | 2017-06-30 | $447.1M | $8.7M | +1.98% |
| Q1 2017 | 2017-03-31 | $458.4M | $27.0M | +6.26% |
| Q4 2016 | 2016-12-31 | $468.6M | $8.8M | +1.91% |
| Q3 2016 | 2016-09-30 | $429.6M | −$39.2M | −8.36% |
| Q2 2016 | 2016-06-30 | $438.4M | −$32.9M | −6.98% |
| Q1 2016 | 2016-03-31 | $431.4M | $10.3M | +2.45% |
| Q4 2015 | 2015-12-31 | $459.8M | — | — |
| Q3 2015 | 2015-09-30 | $468.8M | — | — |
| Q2 2015 | 2015-06-30 | $471.3M | — | — |
| Q1 2015 | 2015-03-31 | $421.1M | — | — |
| Q4 2013 | 2013-12-31 | $355.0M | $94.9M | +36.49% |
| Q3 2013 | 2013-09-30 | $297.0M | $56.5M | +23.49% |
| Q2 2013 | 2013-06-30 | $265.2M | $20.7M | +8.47% |
| Q1 2013 | 2013-03-31 | $260.3M | −$1.3M | −0.50% |
| Q4 2012 | 2012-12-31 | $260.1M | $600,000 | +0.23% |
| Q3 2012 | 2012-09-30 | $240.5M | $12.4M | +5.44% |
| Q2 2012 | 2012-06-30 | $244.5M | −$6.0M | −2.40% |
| Q1 2012 | 2012-03-31 | $261.6M | $44.2M | +20.33% |
| Q4 2011 | 2011-12-31 | $259.5M | — | — |
| Q3 2011 | 2011-09-30 | $228.1M | — | — |
| Q2 2011 | 2011-06-30 | $250.5M | — | — |
| Q1 2011 | 2011-03-31 | $217.4M | — | — |
Targa Resources gross profit trends
Over the last five fiscal years, Targa Resources's gross profit increased from $1.69B to $6.52B, a change of $4.83B. The latest reported quarter, Q2 2026, shows $2.14B.
About the metric
What gross profit means
Gross profit is the amount of revenue remaining after the direct costs of producing and delivering a company’s goods or services. It helps show the dollars available to cover operating expenses before operating income, interest, and taxes.
Calculation and source
SEC-reported and calculated gross profit
TickerStat uses gross profit reported in company SEC filings when available. Otherwise, it calculates gross profit as SEC-reported revenue minus aligned cost of revenue for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Targa Resources source filings ↗