TARGA RESOURCES CORP. (TRGP) — financial distillation
Annual history (10-K)
Quarterly history (10-Q)
Two headline lines are shown to start. Click any item in a legend to add or remove it — every figure on the chart is one the table below also carries, for the period it names.
In brief, from the full filed history
- Revenue grew from $6.69B (period ending 2016-12-31) to $17.03B (period ending 2025-12-31) — a 10.9% annual pace across 9 year(s) of filed history.
- Net margin turned from a loss (-2.8%) to a 11.3% margin over that same span.
- Across 27 tracked quarters, the strongest was $5.80B (quarter ending 2022-06-30) and the weakest was $1.21B (quarter ending 2020-06-30).
Annual — most recent 10-K
| Line | Value | Period ends | Form | Filing |
|---|---|---|---|---|
| Revenue | $14.14B | 2024-12-31 | 10-K | 0000950170-25-023983 |
| Gross profit | $2.55B | 2019-12-31 | 10-K | 0001564590-20-005592 |
| Operating income | $3.33B | 2025-12-31 | 10-K | 0001193125-26-059296 |
| Net income | $1.92B | 2025-12-31 | 10-K | 0001193125-26-059296 |
| Diluted EPS | $8.49 | 2025-12-31 | 10-K | 0001193125-26-059296 |
| Total assets | $25.22B | 2025-12-31 | 10-K | 0001193125-26-059296 |
| Cash & equivalents | $166.1M | 2025-12-31 | 10-K | 0001193125-26-059296 |
| Operating cash flow | $3.92B | 2025-12-31 | 10-K | 0001193125-26-059296 |
Quarterly — most recent 10-Q
| Line | Value | Period ends | Form | Filing |
|---|---|---|---|---|
| Revenue | $3.05B | 2024-06-30 | 10-Q | 0000950170-24-089135 |
| Operating income | $1.23B | 2026-06-30 | 10-Q | 0001193125-26-337729 |
| Net income | $764.6M | 2026-06-30 | 10-Q | 0001193125-26-337729 |
| Diluted EPS | $3.54 | 2026-06-30 | 10-Q | 0001193125-26-337729 |
| Total assets | $28.52B | 2026-06-30 | 10-Q | 0001193125-26-337729 |
| Cash & equivalents | $132.3M | 2026-06-30 | 10-Q | 0001193125-26-337729 |
| Operating cash flow | $739.5M | 2026-03-31 | 10-Q | 0001193125-26-211698 |
Reading
The figures above are taken directly from filings with the U.S. Securities and Exchange Commission. The reading below was generated by a local language model from only those figures; it introduces no numbers of its own. It is not investment advice.
Targa Resources Corp. (TRGP) operates in the energy sector, specifically in the midstream natural gas and NGL services industry. The company’s scale is substantial, with total assets reaching $28.52 billion as of the most recent quarterly filing. Revenue has demonstrated a steady growth trajectory over the past nine years, increasing from $6.69 billion in 2016 to $17.03 billion in 2025, reflecting an average annual growth rate of approximately 10.9%. This growth is underpinned by robust operating income, which rose from $3.33 billion in the annual period ending December 2025 to $1.23 billion in the quarter ending June 2026.
Net income has transitioned from significant losses in earlier periods to consistent profitability, with a net margin improvement from -2.8% in 2016 to 11.3% in 2025. This positive trend is further supported by diluted EPS, which grew from $8.49 in the annual period ending December 2025 to $3.54 in the quarter ending June 2026. Cash and equivalents have fluctuated but remained relatively modest, standing at $132.3 million as of the latest quarterly filing.
In monitoring future performance, investors should focus on Targa Resources Corp.’s ability to sustain revenue growth amid potential market volatility and its capacity to maintain or enhance profit margins. The next filing will likely reveal whether the company can continue this positive trajectory, especially given the recent quarter’s operating income and net income figures. Additionally, the management of cash and equivalents will be crucial for funding operations and potential investments in growth opportunities.
Source: SEC EDGAR company facts for CIK 0001389170 · filings index