Net Income for Targa Resources (TRGP)
According to Targa Resources's latest reported financial statements, the company's current net income (TTM) is $1.84B USD. Net income is the bottom-line profit after all expenses — cost of goods sold, operating expenses, interest, and taxes — are subtracted from revenue. It is the figure used to compute earnings per share (EPS) and is the residual available to shareholders.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
TRGP
Currently viewingNet IncomeSwitch metric
TTM (last 4 quarters)
$1.84B
YoY change
+45.3%
5Y CAGR
N/A
Peak year (2025)
$1.84B
Cumulative net income
$3.61B
Net Income history chart for Targa Resources (TRGP) from 2008 to 2025
Net Income history table for Targa Resources (TRGP) from 2008 to 2025
| Fiscal year | Period ended | Reported | Net Income | YoY |
|---|---|---|---|---|
| 2025 | $1.84B | +45.3% | ||
| 2024 | $1.27B | +53.3% | ||
| 2023 | $828.20M | -27.5% | ||
| 2022 | $1.14B | +1504.4% | ||
| 2021 | $71.20M | -104.6% | ||
| 2020 | -$1.55B | +642.8% | ||
| 2019 | -$209.20M | -13175.0% | ||
| 2018 | $1.60M | -97.0% | ||
| 2017 | $54.00M | -128.8% | ||
| 2016 | -$187.30M | -421.3% | ||
| 2015 | $58.30M | -43.0% | ||
| 2014 | $102.30M | +57.1% | ||
| 2013 | $65.10M | +70.9% | ||
| 2012 | $38.10M | +24.1% | ||
| 2011 | $30.70M | -304.7% | ||
| 2010 | -$15.00M | -151.2% | ||
| 2009 | $29.30M | -21.4% | ||
| 2008 | $37.30M | — |
Net Income 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 net income stands at $1.84B (2025) – surged 45.3% year-over-year.
Over 2015–2025 (10 years), Targa Resources net income expanded at a +41.3% compound annual rate, sustaining 2 straight years of year-over-year growth.
Across the available history, net income reached its high of $1.84B in 2025 and its low of -$1.55B in 2020.
Among 8 Energy peers, Targa Resources (TRGP) ranks 9th; the peer median for net income is $6.24B.
Targa Resources Net Income by Year
Targa Resources Net Income 2025: $1.84B
Targa Resources net income in 2025 was $1.84B, surged 45.3% from 2024. This figure represents the highest annual value in the available history.
Targa Resources Net Income 2024: $1.27B
Targa Resources net income in 2024 was $1.27B, surged 53.3% from 2023.
Targa Resources Net Income 2023: $828.20M
Targa Resources net income in 2023 was $828.20M, declined 27.5% below 2022.
Targa Resources Net Income 2022: $1.14B
Targa Resources net income in 2022 was $1.14B, surged 1504.4% from 2021.
Targa Resources Net Income 2021: $71.20M
Targa Resources net income in 2021 was $71.20M.
See more financial history for Targa Resources (TRGP).
Sector peers — Net Income
Companies in the same sector as Targa Resources, ranked by their latest net income.
| Company | Net Income | Sector |
|---|---|---|
| Exxon Mobil Corporation (XOM) | $28.84B | Energy |
| Chevron Corporation (CVX) | $12.30B | Energy |
| ConocoPhillips (COP) | $7.99B | Energy |
| Enbridge Inc. (ENB) | $7.49B | Energy |
| EOG Resources, Inc. (EOG) | $4.98B | Energy |
| SLB N.V. (SLB) | $3.35B | Energy |
| The Williams Companies, Inc. (WMB) | $2.62B | Energy |
| Valero Energy Corporation (VLO) | $2.35B | Energy |
Frequently asked questions
What is Targa Resources's net income?
- Latest reported net income for Targa Resources (TRGP) is $1.84B (period ending December 31, 2025).
How has Targa Resources net income changed year-over-year?
- Targa Resources (TRGP) net income changed +45.3% year-over-year on the latest annual filing.
What is the long-term growth rate of Targa Resources net income?
- Targa Resources (TRGP) net income compound annual growth rate is +41.3% over the most recent 10 years available.
When did Targa Resources net income hit its highest annual value?
- Targa Resources net income reached its highest annual value of $1.84B in 2025.
What was Targa Resources net income in 2024?
- Targa Resources (TRGP) net income in 2024 was $1.27B.
What was Targa Resources net income in 2025?
- Targa Resources (TRGP) net income in 2025 was $1.84B.
Metrics overview
Pick a metric for charts, filings, and peers — each row shows the latest TTM or annual value with year-over-year change.
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