Targa Resources (TRGP) reported $17.0B in revenue for fiscal 2025, +3.9% year on year. That ranks #331 by revenue among 2853 SEC filers and #18 in Utilities. Net income was $1.9B, a net margin of 11.3%. Revenue has grown 10.9% a year on average since 2016 ($6.7B then). The fiscal 2025 balance sheet shows $25.2B in total assets, $166M in cash and $17.4B in long-term debt.
Key figures
| Key figures | FY2025 | YoY | Source |
|---|---|---|---|
| RevenueRevenues | $17.0B | +3.9% | FY20252025-12-31 |
| Gross profitGrossProfit | $2.6B | +13.7% | FY20192019-12-31 |
| Operating incomeOperatingIncomeLoss | $3.3B | +23.6% | FY20252025-12-31 |
| Net incomeNetIncomeLoss | $1.9B | +46.6% | FY20252025-12-31 |
| Operating cash flowNetCashProvidedByUsedInOperatingActivities | $3.9B | +7.3% | FY20252025-12-31 |
| Capital expenditurePaymentsToAcquirePropertyPlantAndEquipment | $3.3B | +12.4% | FY20252025-12-31 |
| Total assetsAssets | $25.2B | +10.9% | FY20252025-12-31 |
| Shareholders' equityStockholdersEquity | $3.1B | +18.3% | FY20252025-12-31 |
| CashCashAndCashEquivalentsAtCarryingValue | $166M | +5.6% | FY20252025-12-31 |
| Long-term debtLongTermDebt | $17.4B | +23.0% | FY20252025-12-31 |
Revenue is total net sales for the fiscal year, taken from each company's own annual filing.
Reported since the last full year
Three-month figures this company has filed since FY2025. A quarter is not comparable with a full year, and these figures are used nowhere else on the site: not in any ranking, not in comparisons, not in the download.
| Quarter | Revenue | Net income | Source |
|---|---|---|---|
| Q1 20262026-03-31 | $4.1B | $480M | Open → |
| Q2 20262026-06-30 | $4.4B | $765M | Open → |
Only periods that end on a calendar quarter appear here. A company whose fiscal year ends in June files on a different calendar, so it has no row.
Where this sits in its sector
Each bar is the spread of the whole sector: the box covers the middle half of companies, the line inside it the median, and the triangle this company. The axis is clipped at the 5th and 95th percentile so a single outlier does not flatten it.
| Where this sits in its sector | FY2025 | Position in sector |
|---|---|---|
| Net marginRank 48 of 82 companies compared | 11.3% | |
| Operating marginRank 51 of 79 companies compared | 19.6% | |
| Cash as share of revenueRank 54 of 82 companies compared | 1.0% |
All four are ratios derived from two reported lines, not single filing items. Peer group: companies in the same sector with revenue of $1bn or more; loss-making companies are included.
Profile
- Legal name
- Targa Resources Corp.
- Ticker
- TRGP
- Exchange
- NYSE
- SIC classification
- Natural Gas Transmission (4922)
- Fiscal year end
- 12-31
- CIK
- 0001389170
Filings
- 10-QAug 6, 2026Open filing →
- 10-QMay 7, 2026Open filing →
- 10-KFeb 19, 2026Open filing →
Similar in size, same sector
| Company | Revenue | Net income |
|---|---|---|
| Republic ServicesRSG | $19.0B | $2.1B |
| VistraVST | $17.7B | $944M |
| Consolidated EdisonED | $17.0B | $2.0M |
| Targa ResourcesTRGP | $17.0B | $1.9B |
| Kinder MorganKMI | $16.9B | $3.1B |
| Dominion EnergyD | $16.5B | $3.0B |
| FirstenergyFE | $15.1B | $1.0B |
Targa Resources compared withConsolidated EdisonKinder Morgan
Cite this page
Ready-made references for the figures on this page, as published on September 25, 2026.
Wikipedia
{{cite web |title=Targa Resources — Key figures |url=https://companiesranked.com/en/company/targa-resources |website=CompaniesRanked |date=2026-09-25 |language=en}}APA 7
CompaniesRanked. (September 25, 2026). Targa Resources — Key figures. CompaniesRanked. https://companiesranked.com/en/company/targa-resourcesBibTeX
@misc{companiesranked-en-company-targa-resources-2026,
author = {{CompaniesRanked}},
title = {{Targa Resources — Key figures}},
year = {2026},
howpublished = {\url{https://companiesranked.com/en/company/targa-resources}},
note = {Compiled from SEC EDGAR XBRL filings; data as of 2026-09-25},
urldate = {2026-09-25}
}The filing itself
The numbers above are read from this document: 10-K · 0001193125-26-059296 · February 19, 2026
{{cite web |title=Targa Resources — Key figures — 10-K (0001193125-26-059296) |url=https://www.sec.gov/Archives/edgar/data/1389170/000119312526059296/trgp-20251231.htm |website=SEC EDGAR |publisher=U.S. Securities and Exchange Commission |date=2026-02-19}}The figures are rebuilt with every data refresh, so the reference carries the publication date. Add your own access date if your style requires one.