Targa Resources Corp.
TRGP Utilities · UtilitiesEach 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.
▼−4 over range · as of 2026-06-30
Revenue +4.2% YoY, earnings +21.5% YoY · sector avg 73
▲+17 over range · as of 2026-06-30
17.2% net margin, 60% return on equity, 4% free-cash-flow margin, profitable in 8 of last 8 quarters · sector avg 51
▲+3 over range · as of 2026-06-30
Net debt 3.5x EBITDA, 0.8x current ratio · sector avg 60
Trailing twelve months · ending 2026-06-30 · green = improving · click a row to chart it
Revenue $16.7B +1.1% Gross margin 43.2% +1.4pp Operating margin 22.9% +1.0pp Net margin 13.5% +0.7pp Net income $2.3B +6.4%Filings
TTM 24-09 → TTM 26-06 · following the period bar 2 match| Year | Q1 | Q2 | Q3 | FY |
|---|---|---|---|---|
| 2026 | 10-Q Q1 2026 | 10-Q Q2 2026 | no filing | no filing |
| 2025 | 10-Q Q1 2025 | 10-Q Q2 2025 | 10-Q Q3 2025 | 10-K FY 2025 |
| 2024 | 10-Q Q1 2024 | 10-Q Q2 2024 | 10-Q Q3 2024 | 10-K FY 2024 |
| 2023 | no filing | no filing | no filing | 10-K FY 2023 |
Filing-level fact detail is a Pro feature. The grades and figures above are free. See Pro plans
Trends
| Period | Period end | Revenue |
|---|---|---|
| TTM 24-09 | 2024-09-30 | $16.2B |
| TTM 24-12 | 2024-12-31 | $16.4B |
| TTM 25-03 | 2025-03-31 | $16.4B |
| TTM 25-06 | 2025-06-30 | $17.1B |
| TTM 25-09 | 2025-09-30 | $17.4B |
| TTM 25-12 | 2025-12-31 | $17.0B |
| TTM 26-03 | 2026-03-31 | $16.6B |
| TTM 26-06 | 2026-06-30 | $16.7B |
| Period | Period end | Net income |
|---|---|---|
| TTM 24-09 | 2024-09-30 | $1.3B |
| TTM 24-12 | 2024-12-31 | $1.3B |
| TTM 25-03 | 2025-03-31 | $1.3B |
| TTM 25-06 | 2025-06-30 | $1.6B |
| TTM 25-09 | 2025-09-30 | $1.7B |
| TTM 25-12 | 2025-12-31 | $1.9B |
| TTM 26-03 | 2026-03-31 | $2.1B |
| TTM 26-06 | 2026-06-30 | $2.3B |
| Period | Period end | Operating income |
|---|---|---|
| TTM 24-09 | 2024-09-30 | $2.6B |
| TTM 24-12 | 2024-12-31 | $2.7B |
| TTM 25-03 | 2025-03-31 | $2.6B |
| TTM 25-06 | 2025-06-30 | $3.0B |
| TTM 25-09 | 2025-09-30 | $3.1B |
| TTM 25-12 | 2025-12-31 | $3.3B |
| TTM 26-03 | 2026-03-31 | $3.6B |
| TTM 26-06 | 2026-06-30 | $3.8B |
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.
Hover to read every grade at a period · shared with the trends chart · axis fixed 0–100
| Period | Period end | Growth | Quality | Safety |
|---|---|---|---|---|
| TTM 24-09 | 2024-09-30 | 53 | 62 | 66 |
| TTM 24-12 | 2024-12-31 | 57 | 63 | 73 |
| TTM 25-03 | 2025-03-31 | 17 | 63 | 58 |
| TTM 25-06 | 2025-06-30 | 91 | 77 | 66 |
| TTM 25-09 | 2025-09-30 | 51 | 63 | 69 |
| TTM 25-12 | 2025-12-31 | 47 | 77 | 67 |
| TTM 26-03 | 2026-03-31 | 43 | 63 | 66 |
| TTM 26-06 | 2026-06-30 | 49 | 79 | 69 |