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.
▲+16 over range · as of 2026-06-30
Revenue +4.2% YoY, earnings +21.5% YoY · sector avg 73
▲+27 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
0 over range · as of 2026-06-30
Net debt 3.5x EBITDA, 0.8x current ratio · sector avg 60
Latest quarter · ending 2026-06-30 · green = improving · click a row to chart it
Revenue $4.4B +8.4% CHARTED Gross margin 48.2% +6.6pp Operating margin 27.8% +7.1pp Net margin 17.2% +5.5pp Net income $764.6M +59.4%Filings
Full history 37 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 | 10-Q Q1 2023 | 10-Q Q2 2023 | 10-Q Q3 2023 | 10-K FY 2023 |
| 2022 | 10-Q Q1 2022 | 10-Q Q2 2022 | 10-Q Q3 2022 | 10-K FY 2022 |
| 2021 | 10-Q Q1 2021 | 10-Q Q2 2021 | 10-Q Q3 2021 | 10-K FY 2021 |
| 2020 | 10-Q Q1 2020 | 10-Q Q2 2020 | 10-Q Q3 2020 | 10-K FY 2020 |
| 2019 | no filing | no filing | 10-Q Q3 2019 | 10-K FY 2019 |
All 37 filings
10-K FY 2024 2025-02-20 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 → 10-K FY 2023 2024-02-15 Pro → 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-K FY 2022 2023-02-22 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-K FY 2021 2022-02-24 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-K FY 2020 2021-02-18 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-K FY 2019 2020-02-20 Pro → 10-Q Q3 2019 2019-11-07 Pro → 10-K FY 2018 2019-03-01 Pro → 10-K FY 2017 2018-02-16 Pro → 10-K FY 2016 2017-02-21 Pro → 10-K FY 2015 2016-02-29 Pro → 10-K FY 2014 2015-02-17 Pro → 10-K FY 2013 2014-02-14 Pro → 10-K FY 2012 2013-02-19 Pro → 10-K/A FY 2011 2012-03-20 Pro → 10-Q/A Q2 2011 2011-08-19 Pro →Filing-level fact detail is a Pro feature. The grades and figures above are free. See Pro plans
Trends
| Period | Period end | Revenue |
|---|---|---|
| 10-03 | 2010-03-31 | not reported |
| 10-06 | 2010-06-30 | not reported |
| 10-09 | 2010-09-30 | not reported |
| 10-12 | 2010-12-31 | not reported |
| 11-03 | 2011-03-31 | not reported |
| 11-06 | 2011-06-30 | not reported |
| 11-09 | 2011-09-30 | not reported |
| 11-12 | 2011-12-31 | not reported |
| 12-03 | 2012-03-31 | not reported |
| 12-06 | 2012-06-30 | not reported |
| 12-09 | 2012-09-30 | not reported |
| 12-12 | 2012-12-31 | not reported |
| 13-03 | 2013-03-31 | not reported |
| 13-06 | 2013-06-30 | not reported |
| 13-09 | 2013-09-30 | not reported |
| 13-12 | 2013-12-31 | not reported |
| 14-03 | 2014-03-31 | not reported |
| 14-06 | 2014-06-30 | not reported |
| 14-09 | 2014-09-30 | not reported |
| 14-12 | 2014-12-31 | not reported |
| 15-03 | 2015-03-31 | not reported |
| 15-06 | 2015-06-30 | not reported |
| 15-09 | 2015-09-30 | not reported |
| 15-12 | 2015-12-31 | not reported |
| 16-03 | 2016-03-31 | not reported |
| 16-06 | 2016-06-30 | not reported |
| 16-09 | 2016-09-30 | not reported |
| 16-12 | 2016-12-31 | not reported |
| 17-03 | 2017-03-31 | $2.1B |
| 17-06 | 2017-06-30 | $1.9B |
| 17-09 | 2017-09-30 | $2.1B |
| 17-12 | 2017-12-31 | $2.7B |
| 18-03 | 2018-03-31 | $2.5B |
| 18-06 | 2018-06-30 | $2.4B |
| 18-09 | 2018-09-30 | $3.0B |
| 18-12 | 2018-12-31 | $2.6B |
| 19-03 | 2019-03-31 | $2.3B |
| 19-06 | 2019-06-30 | $2.0B |
| 19-09 | 2019-09-30 | $1.9B |
| 19-12 | 2019-12-31 | $2.5B |
| 20-03 | 2020-03-31 | $2.0B |
| 20-06 | 2020-06-30 | $1.5B |
| 20-09 | 2020-09-30 | $2.1B |
| 20-12 | 2020-12-31 | $2.6B |
| 21-03 | 2021-03-31 | $3.6B |
| 21-06 | 2021-06-30 | $3.4B |
| 21-09 | 2021-09-30 | $4.5B |
| 21-12 | 2021-12-31 | $5.4B |
| 22-03 | 2022-03-31 | $5.0B |
| 22-06 | 2022-06-30 | $6.1B |
| 22-09 | 2022-09-30 | $5.4B |
| 22-12 | 2022-12-31 | $4.6B |
| 23-03 | 2023-03-31 | $4.5B |
| 23-06 | 2023-06-30 | $3.4B |
| 23-09 | 2023-09-30 | $3.9B |
| 23-12 | 2023-12-31 | $4.2B |
| 24-03 | 2024-03-31 | $4.6B |
| 24-06 | 2024-06-30 | $3.6B |
| 24-09 | 2024-09-30 | $3.9B |
| 24-12 | 2024-12-31 | $4.4B |
| 25-03 | 2025-03-31 | $4.6B |
| 25-06 | 2025-06-30 | $4.3B |
| 25-09 | 2025-09-30 | $4.2B |
| 25-12 | 2025-12-31 | $4.1B |
| 26-03 | 2026-03-31 | $4.1B |
| 26-06 | 2026-06-30 | $4.4B |
| Period | Period end | Net income |
|---|---|---|
| 10-03 | 2010-03-31 | $21.9M |
| 10-06 | 2010-06-30 | -$11.6M |
| 10-09 | 2010-09-30 | -$17.5M |
| 10-12 | 2010-12-31 | -$7.8M |
| 11-03 | 2011-03-31 | $6.8M |
| 11-06 | 2011-06-30 | $10.5M |
| 11-09 | 2011-09-30 | $4.9M |
| 11-12 | 2011-12-31 | $8.5M |
| 12-03 | 2012-03-31 | $9.6M |
| 12-06 | 2012-06-30 | $8.6M |
| 12-09 | 2012-09-30 | $8.7M |
| 12-12 | 2012-12-31 | $11.2M |
| 13-03 | 2013-03-31 | $13.4M |
| 13-06 | 2013-06-30 | $15.0M |
| 13-09 | 2013-09-30 | $16.3M |
| 13-12 | 2013-12-31 | $20.4M |
| 14-03 | 2014-03-31 | $19.6M |
| 14-06 | 2014-06-30 | $26.4M |
| 14-09 | 2014-09-30 | $30.7M |
| 14-12 | 2014-12-31 | $25.6M |
| 15-03 | 2015-03-31 | $3.4M |
| 15-06 | 2015-06-30 | $15.2M |
| 15-09 | 2015-09-30 | $12.7M |
| 15-12 | 2015-12-31 | $27.0M |
| 16-03 | 2016-03-31 | -$700.0K |
| 16-06 | 2016-06-30 | -$14.6M |
| 16-09 | 2016-09-30 | -$3.2M |
| 16-12 | 2016-12-31 | -$140.6M |
| 17-03 | 2017-03-31 | -$110.5M |
| 17-06 | 2017-06-30 | $70.6M |
| 17-09 | 2017-09-30 | -$155.1M |
| 17-12 | 2017-12-31 | $299.2M |
| 18-03 | 2018-03-31 | $38.9M |
| 18-06 | 2018-06-30 | $121.1M |
| 18-09 | 2018-09-30 | -$23.7M |
| 18-12 | 2018-12-31 | -$88.4M |
| 19-03 | 2019-03-31 | -$38.9M |
| 19-06 | 2019-06-30 | -$10.2M |
| 19-09 | 2019-09-30 | -$47.3M |
| 19-12 | 2019-12-31 | -$15.1M |
| 20-03 | 2020-03-31 | -$1.7B |
| 20-06 | 2020-06-30 | $81.0M |
| 20-09 | 2020-09-30 | $69.3M |
| 20-12 | 2020-12-31 | $33.6M |
| 21-03 | 2021-03-31 | $146.4M |
| 21-06 | 2021-06-30 | $56.2M |
| 21-09 | 2021-09-30 | $182.2M |
| 21-12 | 2021-12-31 | -$313.6M |
| 22-03 | 2022-03-31 | $88.0M |
| 22-06 | 2022-06-30 | $596.4M |
| 22-09 | 2022-09-30 | $193.1M |
| 22-12 | 2022-12-31 | $318.0M |
| 23-03 | 2023-03-31 | $497.0M |
| 23-06 | 2023-06-30 | $329.3M |
| 23-09 | 2023-09-30 | $220.0M |
| 23-12 | 2023-12-31 | $299.6M |
| 24-03 | 2024-03-31 | $275.2M |
| 24-06 | 2024-06-30 | $298.5M |
| 24-09 | 2024-09-30 | $387.4M |
| 24-12 | 2024-12-31 | $350.9M |
| 25-03 | 2025-03-31 | $270.5M |
| 25-06 | 2025-06-30 | $629.1M |
| 25-09 | 2025-09-30 | $478.4M |
| 25-12 | 2025-12-31 | $545.0M |
| 26-03 | 2026-03-31 | $479.6M |
| 26-06 | 2026-06-30 | $764.6M |
| Period | Period end | Operating income |
|---|---|---|
| 10-03 | 2010-03-31 | $54.8M |
| 10-06 | 2010-06-30 | $48.4M |
| 10-09 | 2010-09-30 | $43.3M |
| 10-12 | 2010-12-31 | $49.6M |
| 11-03 | 2011-03-31 | $73.5M |
| 11-06 | 2011-06-30 | $98.5M |
| 11-09 | 2011-09-30 | $70.8M |
| 11-12 | 2011-12-31 | $108.3M |
| 12-03 | 2012-03-31 | $107.7M |
| 12-06 | 2012-06-30 | $83.2M |
| 12-09 | 2012-09-30 | $59.0M |
| 12-12 | 2012-12-31 | $86.4M |
| 13-03 | 2013-03-31 | $73.9M |
| 13-06 | 2013-06-30 | $60.9M |
| 13-09 | 2013-09-30 | $88.5M |
| 13-12 | 2013-12-31 | $144.9M |
| 14-03 | 2014-03-31 | $158.4M |
| 14-06 | 2014-06-30 | $150.3M |
| 14-09 | 2014-09-30 | $168.7M |
| 14-12 | 2014-12-31 | $163.1M |
| 15-03 | 2015-03-31 | $138.5M |
| 15-06 | 2015-06-30 | $112.4M |
| 15-09 | 2015-09-30 | $115.3M |
| 15-12 | 2015-12-31 | -$206.9M |
| 16-03 | 2016-03-31 | $35.5M |
| 16-06 | 2016-06-30 | $66.3M |
| 16-09 | 2016-09-30 | $51.6M |
| 16-12 | 2016-12-31 | -$97.6M |
| 17-03 | 2017-03-31 | $50.5M |
| 17-06 | 2017-06-30 | $37.2M |
| 17-09 | 2017-09-30 | -$323.6M |
| 17-12 | 2017-12-31 | $113.5M |
| 18-03 | 2018-03-31 | $86.3M |
| 18-06 | 2018-06-30 | $155.4M |
| 18-09 | 2018-09-30 | $76.7M |
| 18-12 | 2018-12-31 | -$80.9M |
| 19-03 | 2019-03-31 | $61.3M |
| 19-06 | 2019-06-30 | $113.7M |
| 19-09 | 2019-09-30 | $41.6M |
| 19-12 | 2019-12-31 | -$23.7M |
| 20-03 | 2020-03-31 | -$2.1B |
| 20-06 | 2020-06-30 | $213.1M |
| 20-09 | 2020-09-30 | $295.5M |
| 20-12 | 2020-12-31 | $265.2M |
| 21-03 | 2021-03-31 | $344.1M |
| 21-06 | 2021-06-30 | $245.8M |
| 21-09 | 2021-09-30 | $366.5M |
| 21-12 | 2021-12-31 | -$91.6M |
| 22-03 | 2022-03-31 | $295.8M |
| 22-06 | 2022-06-30 | $451.9M |
| 22-09 | 2022-09-30 | $430.0M |
| 22-12 | 2022-12-31 | $551.3M |
| 23-03 | 2023-03-31 | $836.7M |
| 23-06 | 2023-06-30 | $649.1M |
| 23-09 | 2023-09-30 | $505.1M |
| 23-12 | 2023-12-31 | $635.3M |
| 24-03 | 2024-03-31 | $639.4M |
| 24-06 | 2024-06-30 | $627.2M |
| 24-09 | 2024-09-30 | $728.2M |
| 24-12 | 2024-12-31 | $700.6M |
| 25-03 | 2025-03-31 | $543.3M |
| 25-06 | 2025-06-30 | $1.0B |
| 25-09 | 2025-09-30 | $836.9M |
| 25-12 | 2025-12-31 | $917.4M |
| 26-03 | 2026-03-31 | $846.9M |
| 26-06 | 2026-06-30 | $1.2B |
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 |
|---|---|---|---|---|
| 10-03 | 2010-03-31 | not scored | not scored | not scored |
| 10-06 | 2010-06-30 | not scored | not scored | not scored |
| 10-09 | 2010-09-30 | not scored | not scored | not scored |
| 10-12 | 2010-12-31 | not scored | not scored | not scored |
| 11-03 | 2011-03-31 | not scored | not scored | not scored |
| 11-06 | 2011-06-30 | not scored | not scored | not scored |
| 11-09 | 2011-09-30 | not scored | not scored | not scored |
| 11-12 | 2011-12-31 | not scored | not scored | not scored |
| 12-03 | 2012-03-31 | not scored | not scored | not scored |
| 12-06 | 2012-06-30 | not scored | not scored | not scored |
| 12-09 | 2012-09-30 | not scored | not scored | not scored |
| 12-12 | 2012-12-31 | not scored | not scored | not scored |
| 13-03 | 2013-03-31 | not scored | not scored | not scored |
| 13-06 | 2013-06-30 | not scored | not scored | not scored |
| 13-09 | 2013-09-30 | not scored | not scored | not scored |
| 13-12 | 2013-12-31 | not scored | not scored | not scored |
| 14-03 | 2014-03-31 | not scored | not scored | not scored |
| 14-06 | 2014-06-30 | not scored | not scored | not scored |
| 14-09 | 2014-09-30 | not scored | not scored | not scored |
| 14-12 | 2014-12-31 | not scored | not scored | not scored |
| 15-03 | 2015-03-31 | not scored | not scored | not scored |
| 15-06 | 2015-06-30 | not scored | not scored | not scored |
| 15-09 | 2015-09-30 | not scored | not scored | not scored |
| 15-12 | 2015-12-31 | not scored | not scored | not scored |
| 16-03 | 2016-03-31 | not scored | not scored | not scored |
| 16-06 | 2016-06-30 | not scored | not scored | not scored |
| 16-09 | 2016-09-30 | not scored | not scored | not scored |
| 16-12 | 2016-12-31 | not scored | not scored | not scored |
| 17-03 | 2017-03-31 | not scored | not scored | not scored |
| 17-06 | 2017-06-30 | not scored | not scored | not scored |
| 17-09 | 2017-09-30 | not scored | not scored | not scored |
| 17-12 | 2017-12-31 | not scored | not scored | not scored |
| 18-03 | 2018-03-31 | not scored | not scored | not scored |
| 18-06 | 2018-06-30 | not scored | not scored | not scored |
| 18-09 | 2018-09-30 | not scored | not scored | not scored |
| 18-12 | 2018-12-31 | not scored | not scored | not scored |
| 19-03 | 2019-03-31 | not scored | not scored | not scored |
| 19-06 | 2019-06-30 | not scored | not scored | not scored |
| 19-09 | 2019-09-30 | not scored | not scored | not scored |
| 19-12 | 2019-12-31 | not scored | not scored | not scored |
| 20-03 | 2020-03-31 | not scored | not scored | not scored |
| 20-06 | 2020-06-30 | not scored | not scored | not scored |
| 20-09 | 2020-09-30 | not scored | not scored | not scored |
| 20-12 | 2020-12-31 | not scored | not scored | not scored |
| 21-03 | 2021-03-31 | not scored | not scored | not scored |
| 21-06 | 2021-06-30 | not scored | not scored | not scored |
| 21-09 | 2021-09-30 | not scored | not scored | not scored |
| 21-12 | 2021-12-31 | not scored | not scored | not scored |
| 22-03 | 2022-03-31 | not scored | not scored | not scored |
| 22-06 | 2022-06-30 | not scored | not scored | not scored |
| 22-09 | 2022-09-30 | not scored | not scored | not scored |
| 22-12 | 2022-12-31 | not scored | not scored | not scored |
| 23-03 | 2023-03-31 | not scored | not scored | not scored |
| 23-06 | 2023-06-30 | not scored | not scored | not scored |
| 23-09 | 2023-09-30 | 33 | 52 | 69 |
| 23-12 | 2023-12-31 | 46 | 67 | 78 |
| 24-03 | 2024-03-31 | 44 | 63 | 65 |
| 24-06 | 2024-06-30 | 40 | 64 | 58 |
| 24-09 | 2024-09-30 | 53 | 62 | 66 |
| 24-12 | 2024-12-31 | 57 | 63 | 73 |
| 25-03 | 2025-03-31 | 17 | 63 | 58 |
| 25-06 | 2025-06-30 | 91 | 77 | 66 |
| 25-09 | 2025-09-30 | 51 | 63 | 69 |
| 25-12 | 2025-12-31 | 47 | 77 | 67 |
| 26-03 | 2026-03-31 | 43 | 63 | 66 |
| 26-06 | 2026-06-30 | 49 | 79 | 69 |