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TR

Targa Resources Corp.

TRGP Utilities · Utilities
Latest period 2026-06-30 · 37 filings on record
Quarterly TTM Annual
8Q 3Y 5Y 10Y MAX
TTM 16-09 → TTM 26-06 40 TTM POINTS
SHOWING Trailing twelve months — each point sums the four quarters ending there.
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 49th pct

▲+16 over range · as of 2026-06-30

Revenue +4.2% YoY, earnings +21.5% YoY · sector avg 73

Quality 79th pct

▲+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

Safety 69th pct

0 over range · as of 2026-06-30

Net debt 3.5x EBITDA, 0.8x current ratio · sector avg 60

OVERVIEWvs prior TTM Δ

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%
Debt / equity 5.16 −11.9%
EPS (diluted) — — EBITDA $5.5B +5.4%

Filings

TTM 16-09 → TTM 26-06 · following the period bar 32 match
ALL 10-K 10-Q Q1 Q2 Q3 FY SORT NEWEST ↓
Year Q1Q2Q3FY
2026 10-Q 10-Q
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
10-Q Q2 2026 2026-08-06 Pro → 10-Q Q1 2026 2026-05-07 Pro → 10-K FY 2025 2026-02-19 Pro → 10-Q Q3 2025 2025-11-05 Pro → 10-Q Q2 2025 2025-08-07 Pro → 10-Q Q1 2025 2025-05-01 Pro →
All 32 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 →

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

Trends

Trailing twelve months, rolling one quarter at a time
Revenue
Latest$16.7B vs prior TTM+1.1% Periods35
$21.8B$14.4B$7.2B$0TTM 16-092016-09-30TTM 21-092021-09-30TTM 26-062026-06-30
Revenue by period
PeriodPeriod end Revenue
TTM 16-092016-09-30 not reported
TTM 16-122016-12-31 not reported
TTM 17-032017-03-31 not reported
TTM 17-062017-06-30 not reported
TTM 17-092017-09-30 not reported
TTM 17-122017-12-31 $8.8B
TTM 18-032018-03-31 $9.2B
TTM 18-062018-06-30 $9.7B
TTM 18-092018-09-30 $10.6B
TTM 18-122018-12-31 $10.5B
TTM 19-032019-03-31 $10.3B
TTM 19-062019-06-30 $9.9B
TTM 19-092019-09-30 $8.8B
TTM 19-122019-12-31 $8.7B
TTM 20-032020-03-31 $8.4B
TTM 20-062020-06-30 $7.9B
TTM 20-092020-09-30 $8.2B
TTM 20-122020-12-31 $8.3B
TTM 21-032021-03-31 $9.8B
TTM 21-062021-06-30 $11.7B
TTM 21-092021-09-30 $14.1B
TTM 21-122021-12-31 $16.9B
TTM 22-032022-03-31 $18.3B
TTM 22-062022-06-30 $20.9B
TTM 22-092022-09-30 $21.8B
TTM 22-122022-12-31 $20.9B
TTM 23-032023-03-31 $20.5B
TTM 23-062023-06-30 $17.8B
TTM 23-092023-09-30 $16.4B
TTM 23-122023-12-31 $16.1B
TTM 24-032024-03-31 $16.1B
TTM 24-062024-06-30 $16.3B
TTM 24-092024-09-30 $16.2B
TTM 24-122024-12-31 $16.4B
TTM 25-032025-03-31 $16.4B
TTM 25-062025-06-30 $17.1B
TTM 25-092025-09-30 $17.4B
TTM 25-122025-12-31 $17.0B
TTM 26-032026-03-31 $16.6B
TTM 26-062026-06-30 $16.7B
Net income
Latest$2.3B vs prior TTM+6.4% Periods40
$2.3B$881.1M-$464.7M-$1.8BTTM 16-092016-09-30TTM 21-092021-09-30TTM 26-062026-06-30
Net income by period
PeriodPeriod end Net income
TTM 16-092016-09-30 $8.5M
TTM 16-122016-12-31 -$159.1M
TTM 17-032017-03-31 -$268.9M
TTM 17-062017-06-30 -$183.7M
TTM 17-092017-09-30 -$335.6M
TTM 17-122017-12-31 $104.2M
TTM 18-032018-03-31 $253.6M
TTM 18-062018-06-30 $304.1M
TTM 18-092018-09-30 $435.5M
TTM 18-122018-12-31 $47.9M
TTM 19-032019-03-31 -$29.9M
TTM 19-062019-06-30 -$161.2M
TTM 19-092019-09-30 -$184.8M
TTM 19-122019-12-31 -$111.5M
TTM 20-032020-03-31 -$1.8B
TTM 20-062020-06-30 -$1.7B
TTM 20-092020-09-30 -$1.6B
TTM 20-122020-12-31 -$1.6B
TTM 21-032021-03-31 $330.3M
TTM 21-062021-06-30 $305.5M
TTM 21-092021-09-30 $418.4M
TTM 21-122021-12-31 $71.2M
TTM 22-032022-03-31 $12.8M
TTM 22-062022-06-30 $553.0M
TTM 22-092022-09-30 $563.9M
TTM 22-122022-12-31 $1.2B
TTM 23-032023-03-31 $1.6B
TTM 23-062023-06-30 $1.3B
TTM 23-092023-09-30 $1.4B
TTM 23-122023-12-31 $1.3B
TTM 24-032024-03-31 $1.1B
TTM 24-062024-06-30 $1.1B
TTM 24-092024-09-30 $1.3B
TTM 24-122024-12-31 $1.3B
TTM 25-032025-03-31 $1.3B
TTM 25-062025-06-30 $1.6B
TTM 25-092025-09-30 $1.7B
TTM 25-122025-12-31 $1.9B
TTM 26-032026-03-31 $2.1B
TTM 26-062026-06-30 $2.3B
Operating income
Latest$3.8B vs prior TTM+5.5% Periods40
$3.8B$1.9B-$38.0M-$1.9BTTM 16-092016-09-30TTM 21-092021-09-30TTM 26-062026-06-30
Operating income by period
PeriodPeriod end Operating income
TTM 16-092016-09-30 -$53.5M
TTM 16-122016-12-31 $55.8M
TTM 17-032017-03-31 $70.8M
TTM 17-062017-06-30 $41.7M
TTM 17-092017-09-30 -$333.5M
TTM 17-122017-12-31 -$122.4M
TTM 18-032018-03-31 -$86.6M
TTM 18-062018-06-30 $31.6M
TTM 18-092018-09-30 $431.9M
TTM 18-122018-12-31 $237.5M
TTM 19-032019-03-31 $212.5M
TTM 19-062019-06-30 $170.8M
TTM 19-092019-09-30 $135.7M
TTM 19-122019-12-31 $192.9M
TTM 20-032020-03-31 -$1.9B
TTM 20-062020-06-30 -$1.8B
TTM 20-092020-09-30 -$1.6B
TTM 20-122020-12-31 -$1.3B
TTM 21-032021-03-31 $1.1B
TTM 21-062021-06-30 $1.2B
TTM 21-092021-09-30 $1.2B
TTM 21-122021-12-31 $864.8M
TTM 22-032022-03-31 $816.5M
TTM 22-062022-06-30 $1.0B
TTM 22-092022-09-30 $1.1B
TTM 22-122022-12-31 $1.7B
TTM 23-032023-03-31 $2.3B
TTM 23-062023-06-30 $2.5B
TTM 23-092023-09-30 $2.5B
TTM 23-122023-12-31 $2.6B
TTM 24-032024-03-31 $2.4B
TTM 24-062024-06-30 $2.4B
TTM 24-092024-09-30 $2.6B
TTM 24-122024-12-31 $2.7B
TTM 25-032025-03-31 $2.6B
TTM 25-062025-06-30 $3.0B
TTM 25-092025-09-30 $3.1B
TTM 25-122025-12-31 $3.3B
TTM 26-032026-03-31 $3.6B
TTM 26-062026-06-30 $3.8B
ZOOM
TTM 10-12 TTM 26-06

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 49 Quality 79 Safety 69
0255075100TTM 16-092016-09-30TTM 21-092021-09-30TTM 26-062026-06-30

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

Grade history by period
PeriodPeriod end GrowthQualitySafety
TTM 16-092016-09-30 not scorednot scorednot scored
TTM 16-122016-12-31 not scorednot scorednot scored
TTM 17-032017-03-31 not scorednot scorednot scored
TTM 17-062017-06-30 not scorednot scorednot scored
TTM 17-092017-09-30 not scorednot scorednot scored
TTM 17-122017-12-31 not scorednot scorednot scored
TTM 18-032018-03-31 not scorednot scorednot scored
TTM 18-062018-06-30 not scorednot scorednot scored
TTM 18-092018-09-30 not scorednot scorednot scored
TTM 18-122018-12-31 not scorednot scorednot scored
TTM 19-032019-03-31 not scorednot scorednot scored
TTM 19-062019-06-30 not scorednot scorednot scored
TTM 19-092019-09-30 not scorednot scorednot scored
TTM 19-122019-12-31 not scorednot scorednot scored
TTM 20-032020-03-31 not scorednot scorednot scored
TTM 20-062020-06-30 not scorednot scorednot scored
TTM 20-092020-09-30 not scorednot scorednot scored
TTM 20-122020-12-31 not scorednot scorednot scored
TTM 21-032021-03-31 not scorednot scorednot scored
TTM 21-062021-06-30 not scorednot scorednot scored
TTM 21-092021-09-30 not scorednot scorednot scored
TTM 21-122021-12-31 not scorednot scorednot scored
TTM 22-032022-03-31 not scorednot scorednot scored
TTM 22-062022-06-30 not scorednot scorednot scored
TTM 22-092022-09-30 not scorednot scorednot scored
TTM 22-122022-12-31 not scorednot scorednot scored
TTM 23-032023-03-31 not scorednot scorednot scored
TTM 23-062023-06-30 not scorednot scorednot scored
TTM 23-092023-09-30 335269
TTM 23-122023-12-31 466778
TTM 24-032024-03-31 446365
TTM 24-062024-06-30 406458
TTM 24-092024-09-30 536266
TTM 24-122024-12-31 576373
TTM 25-032025-03-31 176358
TTM 25-062025-06-30 917766
TTM 25-092025-09-30 516369
TTM 25-122025-12-31 477767
TTM 26-032026-03-31 436366
TTM 26-062026-06-30 497969