Targa Resources annual operating expenses
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Targa Resources Operating Expenses Growth & History (TRGP)
Targa Resources's operating expenses was $1.30B for fiscal 2025.
View full Targa Resources company overviewTarga Resources annual operating expenses history
| Fiscal year | Period ended | Operating expenses | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $1.30B | $122.7M | +10.44% |
| 2024 | 2024-12-31 | $1.18B | $97.7M | +9.06% |
| 2023 | 2023-12-31 | $1.08B | $165.1M | +18.09% |
| 2022 | 2022-12-31 | $912.8M | $165.8M | +22.20% |
| 2021 | 2021-12-31 | $747.0M | $48.6M | +6.96% |
| 2020 | 2020-12-31 | $698.4M | −$5.0M | −0.71% |
| 2019 | 2019-12-31 | $703.4M | −$18.6M | −2.58% |
| 2018 | 2018-12-31 | $722.0M | $99.1M | +15.91% |
| 2017 | 2017-12-31 | $622.9M | $69.2M | +12.50% |
| 2016 | 2016-12-31 | $553.7M | $13.7M | +2.54% |
| 2015 | 2015-12-31 | $540.0M | $52.7M | +10.81% |
| 2014 | 2014-12-31 | $487.3M | $111.0M | +29.50% |
| 2013 | 2013-12-31 | $376.3M | $63.2M | +20.19% |
| 2012 | 2012-12-31 | $313.1M | $26.0M | +9.06% |
| 2011 | 2011-12-31 | $287.1M | $27.8M | +10.72% |
| 2010 | 2010-12-31 | $259.3M | $24.3M | +10.34% |
| 2009 | 2009-12-31 | $235.0M | — | — |
Targa Resources quarterly operating expenses
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| Fiscal quarter | Period ended | Operating expenses | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $354.1M | $30.5M | +9.43% |
| Q1 2026 | 2026-03-31 | $333.7M | $30.1M | +9.91% |
| Q4 2025 | 2025-12-31 | $337.6M | $31.7M | +10.36% |
| Q3 2025 | 2025-09-30 | $333.5M | $32.5M | +10.80% |
| Q2 2025 | 2025-06-30 | $323.6M | $32.9M | +11.32% |
| Q1 2025 | 2025-03-31 | $303.6M | $25.6M | +9.21% |
| Q4 2024 | 2024-12-31 | $305.9M | $36.5M | +13.55% |
| Q3 2024 | 2024-09-30 | $301.0M | $23.3M | +8.39% |
| Q2 2024 | 2024-06-30 | $290.7M | $18.1M | +6.64% |
| Q1 2024 | 2024-03-31 | $278.0M | $19.8M | +7.67% |
| Q4 2023 | 2023-12-31 | $269.4M | $17.2M | +6.82% |
| Q3 2023 | 2023-09-30 | $277.7M | $16.4M | +6.28% |
| Q2 2023 | 2023-06-30 | $272.6M | $56.8M | +26.32% |
| Q1 2023 | 2023-03-31 | $258.2M | $74.7M | +40.71% |
| Q4 2022 | 2022-12-31 | $252.2M | $50.5M | +25.04% |
| Q3 2022 | 2022-09-30 | $261.3M | $71.9M | +37.96% |
| Q2 2022 | 2022-06-30 | $215.8M | $31.0M | +16.77% |
| Q1 2022 | 2022-03-31 | $183.5M | $12.4M | +7.25% |
| Q4 2021 | 2021-12-31 | $201.7M | $10.2M | +5.33% |
| Q3 2021 | 2021-09-30 | $189.4M | $27.2M | +16.77% |
| Q2 2021 | 2021-06-30 | $184.8M | $20.9M | +12.75% |
| Q1 2021 | 2021-03-31 | $171.1M | −$9.7M | −5.37% |
| Q4 2020 | 2020-12-31 | $191.5M | −$603.3M | −75.91% |
| Q3 2020 | 2020-09-30 | $162.2M | −$38.0M | −18.98% |
| Q2 2020 | 2020-06-30 | $163.9M | −$46.3M | −22.03% |
| Q1 2020 | 2020-03-31 | $180.8M | −$9.4M | −4.94% |
| Q4 2019 | 2019-12-31 | $794.8M | $124.7M | +18.61% |
| Q3 2019 | 2019-09-30 | $200.2M | $5.3M | +2.72% |
| Q2 2019 | 2019-06-30 | $210.2M | $39.7M | +23.28% |
| Q1 2019 | 2019-03-31 | $190.2M | $17.0M | +9.82% |
| Q4 2018 | 2018-12-31 | $670.1M | $249.0M | +59.13% |
| Q3 2018 | 2018-09-30 | $194.9M | $39.4M | +25.34% |
| Q2 2018 | 2018-06-30 | $170.5M | $15.3M | +9.86% |
| Q1 2018 | 2018-03-31 | $173.2M | $21.3M | +14.02% |
| Q4 2017 | 2017-12-31 | $421.1M | −$145.1M | −25.63% |
| Q3 2017 | 2017-09-30 | $155.5M | $12.5M | +8.74% |
| Q2 2017 | 2017-06-30 | $155.2M | $16.3M | +11.74% |
| Q1 2017 | 2017-03-31 | $151.9M | $19.8M | +14.99% |
| Q4 2016 | 2016-12-31 | $566.2M | −$100.5M | −15.07% |
| Q3 2016 | 2016-09-30 | $143.0M | $300,000 | +0.21% |
| Q2 2016 | 2016-06-30 | $138.9M | −$6.9M | −4.73% |
| Q1 2016 | 2016-03-31 | $132.1M | $11.0M | +9.08% |
| Q4 2015 | 2015-12-31 | $666.7M | $503.1M | +307.52% |
| Q3 2015 | 2015-09-30 | $142.7M | $29.9M | +26.51% |
| Q2 2015 | 2015-06-30 | $145.8M | $39.2M | +36.77% |
| Q1 2015 | 2015-03-31 | $121.1M | $16.8M | +16.11% |
| Q4 2014 | 2014-12-31 | $163.6M | −$46.5M | −22.13% |
| Q3 2014 | 2014-09-30 | $112.8M | $15.2M | +15.57% |
| Q2 2014 | 2014-06-30 | $106.6M | $10.5M | +10.93% |
| Q1 2014 | 2014-03-31 | $104.3M | $18.2M | +21.14% |
| Q4 2013 | 2013-12-31 | $210.1M | $36.4M | +20.96% |
| Q3 2013 | 2013-09-30 | $97.6M | $19.3M | +24.65% |
| Q2 2013 | 2013-06-30 | $96.1M | $18.8M | +24.32% |
| Q1 2013 | 2013-03-31 | $86.1M | $14.5M | +20.25% |
| Q4 2012 | 2012-12-31 | $173.7M | $22.5M | +14.88% |
| Q3 2012 | 2012-09-30 | $78.3M | $1.8M | +2.35% |
| Q2 2012 | 2012-06-30 | $77.3M | $5.7M | +7.96% |
| Q1 2012 | 2012-03-31 | $71.6M | $5.7M | +8.65% |
| Q4 2011 | 2011-12-31 | $151.2M | — | — |
| Q3 2011 | 2011-09-30 | $76.5M | $10.3M | +15.56% |
| Q2 2011 | 2011-06-30 | $71.6M | $9.7M | +15.67% |
| Q1 2011 | 2011-03-31 | $65.9M | — | — |
| Q3 2010 | 2010-09-30 | $66.2M | — | — |
| Q2 2010 | 2010-06-30 | $61.9M | — | — |
Targa Resources operating expenses trends
Over the last five fiscal years, Targa Resources's operating expenses increased from $698.4M to $1.30B, a change of $599.9M. The latest reported quarter, Q2 2026, shows $354.1M.
About the metric
What operating expenses mean
Operating expenses are the recurring costs of running a company’s business beyond the direct costs used to calculate gross profit. They commonly include selling, general and administrative expenses, research and development, and other operating costs.
Calculation and source
SEC-reported and calculated operating expenses
TickerStat uses operating expenses reported in company SEC filings when available. When a separate total is unavailable, it calculates operating expenses as aligned gross profit minus operating income for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Targa Resources source filings ↗