TTM
$4.89B
YoY change
+36.6%
5Y CAGR
+24.4%
Peak year (2025)
$4.54B
Cumulative gross profit
$25.33B
Gross Profit history chart for Targa Resources (TRGP) from 2008 to 2025
Latest: $4.54B
Gross Profit growth chart for Targa Resources (TRGP) from 2008 to 2025
Latest: +36.6%
Gross Profit history table for Targa Resources (TRGP) from 2008 to 2025
| 2025 | $4.54B | +36.6% | +$1.22B | ||
| 2024 | $3.33B | +31.2% | +$790.00M | ||
| 2023 | $2.54B | -9.2% | −$258.30M | ||
| 2022 | $2.79B | +33.5% | +$700.30M | ||
| 2021 | $2.09B | +37.5% | +$570.80M | ||
| 2020 | $1.52B | +2.1% | +$31.00M | ||
| 2019 | $1.49B | +91.5% | +$712.70M | ||
| 2018 | $778.80M | +48.0% | +$252.70M | ||
| 2017 | $526.10M | +28.1% | +$115.40M | ||
| 2016 | $410.70M | -21.5% | −$112.60M | ||
| 2015 | $523.30M | -34.2% | −$271.90M | ||
| 2014 | $795.20M | +56.4% | +$286.90M | ||
| 2013 | $508.30M | +13.1% | +$58.90M | ||
| 2012 | $449.40M | -7.8% | −$38.00M | ||
| 2011 | $487.40M | -17.1% | −$100.20M | ||
| 2010 | $587.60M | +73.0% | +$248.00M | ||
| 2009 | $339.60M | -1.4% | −$4.70M | ||
| 2008 | $344.30M | — | — |
- 2025$4.54B+36.6%
- 2024$3.33B+31.2%
- 2023$2.54B-9.2%
- 2022$2.79B+33.5%
- 2021$2.09B+37.5%
- 2020$1.52B+2.1%
- 2019$1.49B+91.5%
- 2018$778.80M+48.0%
- 2017$526.10M+28.1%
- 2016$410.70M-21.5%
- 2015$523.30M-34.2%
- 2014$795.20M+56.4%
- 2013$508.30M+13.1%
- 2012$449.40M-7.8%
- 2011$487.40M-17.1%
- 2010$587.60M+73.0%
- 2009$339.60M-1.4%
- 2008$344.30M—
Gross Profit values are taken from Targa Resources's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About Gross Profit at Targa Resources (TRGP)
According to Targa Resources's latest reported financial statements, the company's current gross profit (TTM) is $4.89B. Gross profit equals revenue minus the cost of goods sold (COGS) — what remains from sales after the direct cost of producing the product or service. It does not yet subtract operating expenses, interest, or taxes (see operating income and net income for those steps). Higher gross profit (and gross margin) generally signals pricing power and production efficiency.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
Targa Resources (TRGP) most recent annual gross profit stands at $4.54B (2025) – surged 36.6% year-over-year.
Over 2020–2025 (5 years), Targa Resources gross profit expanded at a +24.4% compound annual rate, sustaining 2 straight years of year-over-year growth.
$4.54B stands as the all-time-high annual gross profit, posted in 2025, against a low of $339.60M during 2009.
Targa Resources Gross Profit by Year
Targa Resources Gross Profit 2025: $4.54B
Targa Resources posted gross profit of $4.54B in 2025, surged 36.6% from 2024. This figure represents the highest annual value in the available history.
Targa Resources Gross Profit 2024: $3.33B
In 2024, Targa Resources reported gross profit of $3.33B, surged 31.2% from 2023.
Targa Resources Gross Profit 2023: $2.54B
Targa Resources gross profit in 2023 was $2.54B, declined 9.2% below 2022.
Targa Resources Gross Profit 2022: $2.79B
2022's gross profit for Targa Resources came in at $2.79B, surged 33.5% from 2021.
Targa Resources Gross Profit 2021: $2.09B
Targa Resources gross profit in 2021 was $2.09B.
See more financial history for Targa Resources (TRGP).
Sector peers by Gross Profit
Energy peers of Targa Resources (TRGP), ranked by their latest gross profit
| $70.23B | |
| $56.09B | |
| $15.42B | |
| $14.46B | |
| $10.00B | |
| $6.50B | |
| $5.37B | |
| $5.12B |
- $70.23B
- $56.09B
- $15.42B
- $14.46B
- $10.00B
- $6.50B
- $5.37B
- $5.12B
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