Targa Resources annual operating income
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Targa Resources Operating Income Growth & History (TRGP)
Targa Resources's operating income was $3.33B for fiscal 2025.
View full Targa Resources company overviewTarga Resources annual operating income history
| Fiscal year | Period ended | Operating income | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $3.33B | $635.8M | +23.59% |
| 2024 | 2024-12-31 | $2.70B | $69.2M | +2.63% |
| 2023 | 2023-12-31 | $2.63B | $897.2M | +51.89% |
| 2022 | 2022-12-31 | $1.73B | $864.2M | +99.93% |
| 2021 | 2021-12-31 | $864.8M | $2.17B | — |
| 2020 | 2020-12-31 | −$1.30B | −$1.50B | — |
| 2019 | 2019-12-31 | $192.9M | −$44.6M | −18.78% |
| 2018 | 2018-12-31 | $237.5M | $359.9M | — |
| 2017 | 2017-12-31 | −$122.4M | −$178.2M | — |
| 2016 | 2016-12-31 | $55.8M | −$103.5M | −64.97% |
| 2015 | 2015-12-31 | $159.3M | −$481.2M | −75.13% |
| 2014 | 2014-12-31 | $640.5M | $272.3M | +73.95% |
| 2013 | 2013-12-31 | $368.2M | $31.9M | +9.49% |
| 2012 | 2012-12-31 | $336.3M | −$14.8M | −4.22% |
| 2011 | 2011-12-31 | $351.1M | $155.0M | +79.04% |
| 2010 | 2010-12-31 | $196.1M | −$21.1M | −9.71% |
| 2009 | 2009-12-31 | $217.2M | — | — |
Targa Resources quarterly operating income
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Q1.26
Q2.26
| Fiscal quarter | Period ended | Operating income | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $1.23B | $200.9M | +19.44% |
| Q1 2026 | 2026-03-31 | $846.9M | $303.6M | +55.88% |
| Q4 2025 | 2025-12-31 | $917.4M | $216.8M | +30.94% |
| Q3 2025 | 2025-09-30 | $836.9M | $108.7M | +14.93% |
| Q2 2025 | 2025-06-30 | $1.03B | $406.4M | +64.80% |
| Q1 2025 | 2025-03-31 | $543.3M | −$96.1M | −15.03% |
| Q4 2024 | 2024-12-31 | $700.6M | $65.3M | +10.28% |
| Q3 2024 | 2024-09-30 | $728.2M | $223.1M | +44.17% |
| Q2 2024 | 2024-06-30 | $627.2M | −$21.9M | −3.37% |
| Q1 2024 | 2024-03-31 | $639.4M | −$197.3M | −23.58% |
| Q4 2023 | 2023-12-31 | $635.3M | $84.0M | +15.24% |
| Q3 2023 | 2023-09-30 | $505.1M | $75.1M | +17.47% |
| Q2 2023 | 2023-06-30 | $649.1M | $197.2M | +43.64% |
| Q1 2023 | 2023-03-31 | $836.7M | $540.9M | +182.86% |
| Q4 2022 | 2022-12-31 | $551.3M | $642.9M | — |
| Q3 2022 | 2022-09-30 | $430.0M | $63.5M | +17.33% |
| Q2 2022 | 2022-06-30 | $451.9M | $206.1M | +83.85% |
| Q1 2022 | 2022-03-31 | $295.8M | −$48.3M | −14.04% |
| Q4 2021 | 2021-12-31 | −$91.6M | −$356.8M | — |
| Q3 2021 | 2021-09-30 | $366.5M | $71.0M | +24.03% |
| Q2 2021 | 2021-06-30 | $245.8M | $32.7M | +15.34% |
| Q1 2021 | 2021-03-31 | $344.1M | $2.42B | — |
| Q4 2020 | 2020-12-31 | $265.2M | $288.9M | — |
| Q3 2020 | 2020-09-30 | $295.5M | $253.9M | +610.34% |
| Q2 2020 | 2020-06-30 | $213.1M | $99.4M | +87.42% |
| Q1 2020 | 2020-03-31 | −$2.08B | −$2.14B | — |
| Q4 2019 | 2019-12-31 | −$23.7M | $57.2M | — |
| Q3 2019 | 2019-09-30 | $41.6M | −$35.1M | −45.76% |
| Q2 2019 | 2019-06-30 | $113.7M | −$41.7M | −26.83% |
| Q1 2019 | 2019-03-31 | $61.3M | −$25.0M | −28.97% |
| Q4 2018 | 2018-12-31 | −$80.9M | −$194.4M | — |
| Q3 2018 | 2018-09-30 | $76.7M | $400.3M | — |
| Q2 2018 | 2018-06-30 | $155.4M | $118.2M | +317.74% |
| Q1 2018 | 2018-03-31 | $86.3M | $35.8M | +70.89% |
| Q4 2017 | 2017-12-31 | $113.5M | $211.1M | — |
| Q3 2017 | 2017-09-30 | −$323.6M | −$375.2M | — |
| Q2 2017 | 2017-06-30 | $37.2M | −$29.1M | −43.89% |
| Q1 2017 | 2017-03-31 | $50.5M | $15.0M | +42.25% |
| Q4 2016 | 2016-12-31 | −$97.6M | $109.3M | — |
| Q3 2016 | 2016-09-30 | $51.6M | −$63.7M | −55.25% |
| Q2 2016 | 2016-06-30 | $66.3M | −$46.1M | −41.01% |
| Q1 2016 | 2016-03-31 | $35.5M | −$103.0M | −74.37% |
| Q4 2015 | 2015-12-31 | −$206.9M | −$370.0M | — |
| Q3 2015 | 2015-09-30 | $115.3M | −$53.4M | −31.65% |
| Q2 2015 | 2015-06-30 | $112.4M | −$37.9M | −25.22% |
| Q1 2015 | 2015-03-31 | $138.5M | −$19.9M | −12.56% |
| Q4 2014 | 2014-12-31 | $163.1M | $18.2M | +12.56% |
| Q3 2014 | 2014-09-30 | $168.7M | $80.2M | +90.62% |
| Q2 2014 | 2014-06-30 | $150.3M | $89.4M | +146.80% |
| Q1 2014 | 2014-03-31 | $158.4M | $84.5M | +114.34% |
| Q4 2013 | 2013-12-31 | $144.9M | $58.5M | +67.71% |
| Q3 2013 | 2013-09-30 | $88.5M | $29.5M | +50.00% |
| Q2 2013 | 2013-06-30 | $60.9M | −$22.3M | −26.80% |
| Q1 2013 | 2013-03-31 | $73.9M | −$33.8M | −31.38% |
| Q4 2012 | 2012-12-31 | $86.4M | −$21.9M | −20.22% |
| Q3 2012 | 2012-09-30 | $59.0M | −$11.8M | −16.67% |
| Q2 2012 | 2012-06-30 | $83.2M | −$15.3M | −15.53% |
| Q1 2012 | 2012-03-31 | $107.7M | $34.2M | +46.53% |
| Q4 2011 | 2011-12-31 | $108.3M | $58.7M | +118.35% |
| Q3 2011 | 2011-09-30 | $70.8M | $27.5M | +63.51% |
| Q2 2011 | 2011-06-30 | $98.5M | $50.1M | +103.51% |
| Q1 2011 | 2011-03-31 | $73.5M | $18.7M | +34.12% |
| Q4 2010 | 2010-12-31 | $49.6M | — | — |
| Q3 2010 | 2010-09-30 | $43.3M | — | — |
| Q2 2010 | 2010-06-30 | $48.4M | — | — |
| Q1 2010 | 2010-03-31 | $54.8M | — | — |
Targa Resources operating income trends
Over the last five fiscal years, Targa Resources's operating income increased from −$1.30B to $3.33B, a change of $4.63B. The latest reported quarter, Q2 2026, shows $1.23B.
About the metric
What operating income means
Operating income is the profit or loss a company generates from its core business after cost of revenue and operating expenses, but before non-operating items such as interest and income taxes.
Calculation and source
SEC-reported operating income
TickerStat standardizes operating income reported in company SEC filings for aligned fiscal periods. It is not adjusted EBIT, an analyst estimate, or company guidance. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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