Targa Resources Corp.
Profit after direct costs
Core business profitability
Bottom line profitability
Top line growth rate
Flow of revenue through cost categories to net income
| Item | Trend | 2021 | 2022 | 2023 | 2024 | 2025 | YoY Change |
|---|---|---|---|---|---|---|---|
Total Revenue | 17.44B | 21.68B | 15.62B | 16.63B | 17.14B | 3.1% | |
| Cost of Revenue | (15.35B) | (18.89B) | (13.08B) | (13.30B) | (12.59B) | -5.3% | |
Gross Profit | 2.09B | 2.79B | 2.54B | 3.33B | 4.54B | 36.6% | |
| Operating Expenses | |||||||
| Research & Development | — | — | — | — | — | — | |
| Selling, General & Administrative | (273.20M) | (309.70M) | (348.70M) | (384.90M) | (406.00M) | 5.5% | |
| General & Administrative | (273.20M) | (309.70M) | (348.70M) | (384.90M) | (406.00M) | 5.5% | |
| Depreciation & Amortization | (874.60M) | (1.10B) | (1.34B) | (1.43B) | (1.52B) | 5.7% | |
Operating Income (EBIT) | 1.82B | 2.48B | 2.19B | 2.94B | 3.45B | 17.1% | |
| Non-Operating Items | |||||||
| Interest Income | — | — | — | — | — | — | |
| Interest Expense | (387.90M) | (446.10M) | (687.80M) | (767.20M) | (852.80M) | 11.2% | |
| Other Income/Expenses (Net) | -1.38B | -820.70M | -244.20M | -1.01B | -960.40M | -4.5% | |
Income Before Tax | 436.90M | 1.66B | 1.94B | 1.94B | 2.49B | 28.3% | |
| Income Tax Expense | (14.80M) | (131.80M) | (363.20M) | (384.50M) | (529.70M) | 37.8% | |
Net Income | 71.20M | 1.14B | 828.20M | 1.27B | 1.84B | 45.3% | |
| Per Share Metrics | |||||||
| Earnings Per Share (Basic) | $-0 | $4 | $4 | $6 | $9 | 48.0% | |
| Weighted Avg Shares Outstanding | 228.60M | 227.30M | 224.60M | 220.20M | 215.00M | -2.4% | |
| Weighted Avg Shares Outstanding (Diluted) | 228.60M | 231.10M | 226.00M | 221.30M | 215.00M | -2.8% | |
EBITDA | 1.70B | 3.21B | 3.97B | 4.14B | 4.85B | 17.3% |
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Large Cap