Targa Resources Corp.
TRGPEnergy & utilities
Latest available resultsSeptember 30, 2026Quarter · 10-Q filed Nov 5, 2026
Next reportFebruary 17, 2027after close · forecast 2.832 $/share
Revenue
$5.60B
▲ +34.9% vs prior year YoY
Net income
$658.20M
▲ +37.6% vs prior year YoY
EPS
3.04$
▲ +38.2% vs prior year YoY
Net margin
11.8%
▲ +0.2 pp vs prior year YoY
Revenue▲ +34.9%
Margins (% of revenue)GrossOperatingNet
Net income▲ +37.6%
EPS▲ +38.2%
Financial statements
View 10-Q filed November 5, 2026 on SEC ↗| Metric | Dec 2024* | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025* | Mar 2026 | Jun 2026 | Sep 2026 | YoY |
|---|---|---|---|---|---|---|---|---|---|
| Operations | |||||||||
| Revenue | $4.41B | $4.56B | $4.26B | $4.15B | $4.06B | $4.09B | $4.44B | $5.60B | ▲ +34.9% |
| Gross profit | $1.48B | $1.30B | $1.82B | $1.64B | $1.75B | $1.70B | $2.14B | $2.02B | ▲ +22.8% |
| Operating income | $700.60M | $543.30M | $1.03B | $836.90M | $917.40M | $846.90M | $1.23B | $1.10B | ▲ +31.0% |
| Net income | $350.90M | $270.50M | $629.10M | $478.40M | $545.00M | $479.60M | $764.60M | $658.20M | ▲ +37.6% |
| R&Dnever filed | — | — | — | — | — | — | — | — | — |
| EPS (diluted) | — | 0.91 $ | 2.87 $ | 2.20 $ | — | 2.21 $ | 3.54 $ | 3.04 $ | ▲ +38.2% |
| Margins (% of revenue) | |||||||||
| Gross | 33.7 % | 28.6 % | 42.8 % | 39.6 % | 43.1 % | 41.5 % | 48.2 % | 36.1 % | ▼ -3.5 pt |
| Operating | 15.9 % | 11.9 % | 24.3 % | 20.2 % | 22.6 % | 20.7 % | 27.8 % | 19.6 % | ▼ -0.6 pt |
| Net | 8.0 % | 5.9 % | 14.8 % | 11.5 % | 13.4 % | 11.7 % | 17.2 % | 11.8 % | ▲ +0.2 pt |
| Balance sheet | |||||||||
| Assets | $22.73B | $22.80B | $23.51B | $24.17B | $25.22B | $27.11B | $28.52B | $29.60B | ▲ +22.4% |
| Liabilities | $18.32B | $20.23B | $20.80B | $21.34B | $22.02B | $23.84B | $24.72B | $25.64B | ▲ +20.1% |
| Equity | $4.42B | $2.57B | $2.71B | $2.83B | $3.20B | $3.27B | $3.80B | $3.96B | ▲ +39.8% |
| Cash | $157.30M | $151.40M | $113.10M | $124.10M | $166.10M | $100.10M | $132.30M | $142.60M | ▲ +14.9% |
| Capital | |||||||||
| Shares outstanding | 218.11M | 216.93M | 215.19M | 214.66M | 214.95M | 214.64M | 214.43M | 214.55M | ▼ -0.0% |
| Public floatexcluding insiders | — | — | — | — | — | — | — | — | — |
* No 10-Q is filed for a fourth quarter: these amounts are the fiscal year minus the first three quarters, all filed. EPS stays blank — dilution doesn't subtract.