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TR

Targa Resources Corp.

TRGP Utilities · Utilities
Latest period 2026-06-30 · 37 filings on record
Quarterly TTM Annual
3Y 5Y 8FY 10Y MAX
FY 2018 → FY 2025 8 YEARS
SHOWING Fiscal years as the company filed them — each point is one closed year from its 10-K, ending on that year's own close. A year with no 10-K on file is assembled from its four quarters and labelled by its ending date instead; a year still open gets no column at all.
Ranked against Utilities · 35 peers

Each grade is a single reported quarter's assessment, never an average — a card shows the grade at the newest quarter in view, so it follows the period and range controls above. Latest scored quarter: 2026-06-30.

Growth 47th pct

▲+1 over range · as of 2025-12-31

Quality 77th pct

▲+9 over range · as of 2025-12-31

Safety 67th pct

▼−11 over range · as of 2025-12-31

OVERVIEWYoY Δ

Latest fiscal year · ending 2025-12-31 · green = improving · click a row to chart it

Revenue $17.0B +3.9% Gross margin 38.3% +3.6pp Operating margin 19.6% +3.1pp Net margin 11.3% +3.3pp Net income $1.9B +46.6%
Debt / equity 5.45 +69.9%
EPS (diluted) $8.49 +47.9% EBITDA $4.8B +17.7%

Filings

FY 2018 → FY 2025 · following the period bar 19 match
ALL 10-K 10-Q Q1 Q2 Q3 FY CLEAR SORT NEWEST ↓
Year Q1Q2Q3FY
2025 10-Q 10-Q 10-Q 10-K
2024 10-Q 10-Q 10-Q 10-K
2023 10-Q 10-Q 10-Q 10-K
2022 10-Q 10-Q 10-Q 10-K
2021 10-Q 10-Q 10-Q 10-K
2020 10-Q 10-Q 10-Q 10-K
2019 10-Q 10-K
2018 10-K
10-Q Q3 2025 2025-11-05 Pro → 10-Q Q2 2025 2025-08-07 Pro → 10-Q Q1 2025 2025-05-01 Pro → 10-Q Q3 2024 2024-11-05 Pro → 10-Q Q2 2024 2024-08-01 Pro → 10-Q Q1 2024 2024-05-02 Pro →
All 19 filings 10-Q Q3 2023 2023-11-02 Pro → 10-Q Q2 2023 2023-08-03 Pro → 10-Q Q1 2023 2023-05-04 Pro → 10-Q Q3 2022 2022-11-03 Pro → 10-Q Q2 2022 2022-08-04 Pro → 10-Q Q1 2022 2022-05-05 Pro → 10-Q Q3 2021 2021-11-04 Pro → 10-Q Q2 2021 2021-08-05 Pro → 10-Q Q1 2021 2021-05-06 Pro → 10-Q Q3 2020 2020-11-05 Pro → 10-Q Q2 2020 2020-08-06 Pro → 10-Q Q1 2020 2020-05-07 Pro → 10-Q Q3 2019 2019-11-07 Pro →

Filing-level fact detail is a Pro feature. The grades and figures above are free. See Pro plans

Trends

Fiscal years as the company filed them
Revenue
Latest$17.0B YoY+3.9% Periods8
$20.9B$13.8B$6.9B$0FY 20182018-12-31FY 20222022-12-31FY 20252025-12-31
Revenue by period
PeriodPeriod end Revenue
FY 20182018-12-31 $10.5B
FY 20192019-12-31 $8.7B
FY 20202020-12-31 $8.3B
FY 20212021-12-31 $16.9B
FY 20222022-12-31 $20.9B
FY 20232023-12-31 $16.1B
FY 20242024-12-31 $16.4B
FY 20252025-12-31 $17.0B
Net income
Latest$1.9B YoY+46.6% Periods8
$1.9B$740.9M-$406.5M-$1.6BFY 20182018-12-31FY 20222022-12-31FY 20252025-12-31
Net income by period
PeriodPeriod end Net income
FY 20182018-12-31 $1.6M
FY 20192019-12-31 -$209.2M
FY 20202020-12-31 -$1.6B
FY 20212021-12-31 $71.2M
FY 20222022-12-31 $1.2B
FY 20232023-12-31 $1.3B
FY 20242024-12-31 $1.3B
FY 20252025-12-31 $1.9B
Operating income
Latest$3.3B YoY+23.6% Periods8
$3.3B$1.8B$225.8M-$1.3BFY 20182018-12-31FY 20222022-12-31FY 20252025-12-31
Operating income by period
PeriodPeriod end Operating income
FY 20182018-12-31 $237.5M
FY 20192019-12-31 $192.9M
FY 20202020-12-31 -$1.3B
FY 20212021-12-31 $864.8M
FY 20222022-12-31 $1.7B
FY 20232023-12-31 $2.6B
FY 20242024-12-31 $2.7B
FY 20252025-12-31 $3.3B
ZOOM
FY 2010 FY 2025

Grade history

Point-in-time: each period shows the grade of the quarter it ends at — grades are never summed or averaged across a window.

Growth 47 Quality 77 Safety 67
0255075100FY 20182018-12-31FY 20222022-12-31FY 20252025-12-31

Hover to read every grade at a period · shared with the trends chart · axis fixed 0–100

Grade history by period
PeriodPeriod end GrowthQualitySafety
FY 20182018-12-31 not scorednot scorednot scored
FY 20192019-12-31 not scorednot scorednot scored
FY 20202020-12-31 not scorednot scorednot scored
FY 20212021-12-31 not scorednot scorednot scored
FY 20222022-12-31 not scorednot scorednot scored
FY 20232023-12-31 466778
FY 20242024-12-31 576373
FY 20252025-12-31 477767