Gross Profit for Targa Resources (TRGP)
According to Targa Resources's latest reported financial statements, the company's current gross profit (TTM) is $4.54B USD. 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 .
TRGP
Currently viewingGross ProfitSwitch metric
TTM (last 4 quarters)
$4.54B
YoY change
+36.6%
5Y CAGR
+24.4%
Peak year (2025)
$4.54B
Cumulative gross profit
$24.06B
Gross Profit history chart for Targa Resources (TRGP) from 2008 to 2025
Gross Profit history table for Targa Resources (TRGP) from 2008 to 2025
| Fiscal year | Period ended | Reported | Gross Profit | YoY |
|---|---|---|---|---|
| 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 (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
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 (TRGP) sits 9th of 8 Energy peers we track on this metric, against a peer median of $14.92B.
Targa Resources Gross Profit by Year
Targa Resources Gross Profit 2025: $4.54B
Targa Resources gross profit in 2025 was $4.54B, surged 36.6% from 2024. This figure represents the highest annual value in the available history.
Targa Resources Gross Profit 2024: $3.33B
Targa Resources gross profit in 2024 was $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
Targa Resources gross profit in 2022 was $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 — Gross Profit
Companies in the same sector as Targa Resources, ranked by their latest gross profit.
| Company | Gross Profit | Sector |
|---|---|---|
| Exxon Mobil Corporation (XOM) | $70.23B | Energy |
| Chevron Corporation (CVX) | $56.09B | Energy |
| Enbridge Inc. (ENB) | $21.50B | Energy |
| EOG Resources, Inc. (EOG) | $15.37B | Energy |
| ConocoPhillips (COP) | $14.46B | Energy |
| SLB N.V. (SLB) | $6.50B | Energy |
| Valero Energy Corporation (VLO) | $5.37B | Energy |
| The Williams Companies, Inc. (WMB) | $5.12B | Energy |
Frequently asked questions
What is Targa Resources's gross profit?
- Latest reported gross profit for Targa Resources (TRGP) is $4.54B (period ending December 31, 2025).
How has Targa Resources gross profit changed year-over-year?
- Targa Resources (TRGP) gross profit changed +36.6% year-over-year on the latest annual filing.
What is the long-term growth rate of Targa Resources gross profit?
- Targa Resources (TRGP) gross profit compound annual growth rate is +24.4% over the most recent 5 years available.
When did Targa Resources gross profit hit its highest annual value?
- Targa Resources gross profit reached its highest annual value of $4.54B in 2025.
What was Targa Resources gross profit in 2024?
- Targa Resources (TRGP) gross profit in 2024 was $3.33B.
What was Targa Resources gross profit in 2025?
- Targa Resources (TRGP) gross profit in 2025 was $4.54B.
Metrics overview
Pick a metric for charts, filings, and peers — each row shows the latest TTM or annual value with year-over-year change.
Explore more
TRGP Overview
Company profile, financial tools, and key metrics
TRGP Revenue Counter
Earns $543.39 every second. See per minute, hour, and day.
TRGP Earnings Counter
Earns $58.49 per second net profit. See per minute, hour, and day.
TRGP Economic Scale
Exceeds North Macedonia's GDP. Compare with world economies.
TRGP What If Invested
What if you had invested $1,000? See historical returns from any date.
TRGP How It Makes Money
Discover visual breakdown of $17.14B in revenue — where it comes from and where it goes.
TRGP Stock Seasonality
Best and worst months to invest. Historical monthly returns heatmap.
TRGP Price Target Scenarios
Model bear, base, and bull cases with EPS growth and exit P/E — pre-filled from analysts and history.
TRGP Daily Price Character
Explosive · 53.3% historical win rate (green days). Streaks & record days.
TRGP Buybacks
1.62% TTM buyback yield. Shareholder yield & SBC comparison.
TRGP Dividend Profile
Yield: 1.60%. Safety: 4/8. See full history.
TRGP Dividend Calculator
How much dividend income would $1,000 have earned? Calculate from any date.
TRGP Dividend Forecast
Project future income with DRIP, growth assumptions, and optional monthly contributions.