TR
Targa Resources Corp.
TRGP Utilities · Utilities
Latest period 2026-06-30 · 37 filings on record
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% CHARTED 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 21-09 → TTM 26-06 · following the period bar 23 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 | no filing | no filing | no filing | 10-K FY 2020 |
All 23 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 →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
| Period | Period end | Revenue |
|---|---|---|
| TTM 21-09 | 2021-09-30 | $14.1B |
| TTM 21-12 | 2021-12-31 | $16.9B |
| TTM 22-03 | 2022-03-31 | $18.3B |
| TTM 22-06 | 2022-06-30 | $20.9B |
| TTM 22-09 | 2022-09-30 | $21.8B |
| TTM 22-12 | 2022-12-31 | $20.9B |
| TTM 23-03 | 2023-03-31 | $20.5B |
| TTM 23-06 | 2023-06-30 | $17.8B |
| TTM 23-09 | 2023-09-30 | $16.4B |
| TTM 23-12 | 2023-12-31 | $16.1B |
| TTM 24-03 | 2024-03-31 | $16.1B |
| TTM 24-06 | 2024-06-30 | $16.3B |
| 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 |
Net income
| Period | Period end | Net income |
|---|---|---|
| TTM 21-09 | 2021-09-30 | $418.4M |
| TTM 21-12 | 2021-12-31 | $71.2M |
| TTM 22-03 | 2022-03-31 | $12.8M |
| TTM 22-06 | 2022-06-30 | $553.0M |
| TTM 22-09 | 2022-09-30 | $563.9M |
| TTM 22-12 | 2022-12-31 | $1.2B |
| TTM 23-03 | 2023-03-31 | $1.6B |
| TTM 23-06 | 2023-06-30 | $1.3B |
| TTM 23-09 | 2023-09-30 | $1.4B |
| TTM 23-12 | 2023-12-31 | $1.3B |
| TTM 24-03 | 2024-03-31 | $1.1B |
| TTM 24-06 | 2024-06-30 | $1.1B |
| 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 |
Operating income
| Period | Period end | Operating income |
|---|---|---|
| TTM 21-09 | 2021-09-30 | $1.2B |
| TTM 21-12 | 2021-12-31 | $864.8M |
| TTM 22-03 | 2022-03-31 | $816.5M |
| TTM 22-06 | 2022-06-30 | $1.0B |
| TTM 22-09 | 2022-09-30 | $1.1B |
| TTM 22-12 | 2022-12-31 | $1.7B |
| TTM 23-03 | 2023-03-31 | $2.3B |
| TTM 23-06 | 2023-06-30 | $2.5B |
| TTM 23-09 | 2023-09-30 | $2.5B |
| TTM 23-12 | 2023-12-31 | $2.6B |
| TTM 24-03 | 2024-03-31 | $2.4B |
| TTM 24-06 | 2024-06-30 | $2.4B |
| 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 |
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
Hover to read every grade at a period · shared with the trends chart · axis fixed 0–100
| Period | Period end | Growth | Quality | Safety |
|---|---|---|---|---|
| TTM 21-09 | 2021-09-30 | not scored | not scored | not scored |
| TTM 21-12 | 2021-12-31 | not scored | not scored | not scored |
| TTM 22-03 | 2022-03-31 | not scored | not scored | not scored |
| TTM 22-06 | 2022-06-30 | not scored | not scored | not scored |
| TTM 22-09 | 2022-09-30 | not scored | not scored | not scored |
| TTM 22-12 | 2022-12-31 | not scored | not scored | not scored |
| TTM 23-03 | 2023-03-31 | not scored | not scored | not scored |
| TTM 23-06 | 2023-06-30 | not scored | not scored | not scored |
| TTM 23-09 | 2023-09-30 | 33 | 52 | 69 |
| TTM 23-12 | 2023-12-31 | 46 | 67 | 78 |
| TTM 24-03 | 2024-03-31 | 44 | 63 | 65 |
| TTM 24-06 | 2024-06-30 | 40 | 64 | 58 |
| 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 |