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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 23-09 → TTM 26-06 12 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 CHARTED 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 23-09 → TTM 26-06 · following the period bar 15 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-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 15 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 →

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% Periods12
$17.4B$11.5B$5.7B$0TTM 23-092023-09-30TTM 25-032025-03-31TTM 26-062026-06-30
Revenue by period
PeriodPeriod end Revenue
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% Periods12
$2.3B$1.5B$748.3M$0TTM 23-092023-09-30TTM 25-032025-03-31TTM 26-062026-06-30
Net income by period
PeriodPeriod end Net income
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% Periods12
$3.8B$2.5B$1.3B$0TTM 23-092023-09-30TTM 25-032025-03-31TTM 26-062026-06-30
Operating income by period
PeriodPeriod end Operating income
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
Gross margin
Latest43.2% vs prior TTM+1.4pp Periods12
43.2%28.5%14.3%0.0%TTM 23-092023-09-30TTM 25-032025-03-31TTM 26-062026-06-30
Gross margin by period
PeriodPeriod end Gross margin
TTM 23-092023-09-30 32.2%
TTM 23-122023-12-31 33.5%
TTM 24-032024-03-31 32.5%
TTM 24-062024-06-30 32.3%
TTM 24-092024-09-30 34.1%
TTM 24-122024-12-31 34.7%
TTM 25-032025-03-31 34.4%
TTM 25-062025-06-30 35.7%
TTM 25-092025-09-30 36.0%
TTM 25-122025-12-31 38.3%
TTM 26-032026-03-31 41.8%
TTM 26-062026-06-30 43.2%
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 23-092023-09-30TTM 25-032025-03-31TTM 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 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