TTM
$2.13B
YoY change
+45.3%
5Y CAGR
—
Peak year (2025)
$1.84B
Cumulative net income
$4.09B
Net Income history chart for Targa Resources (TRGP) from 2008 to 2025
Latest: $1.84B
Net Income growth chart for Targa Resources (TRGP) from 2008 to 2025
Latest: +45.3%
Net Income history table for Targa Resources (TRGP) from 2008 to 2025
| 2025 | $1.84B | +45.3% | +$574.90M | ||
| 2024 | $1.27B | +53.3% | +$441.30M | ||
| 2023 | $828.20M | -27.5% | −$314.10M | ||
| 2022 | $1.14B | +1504.4% | +$1.07B | ||
| 2021 | $71.20M | -104.6% | +$1.63B | ||
| 2020 | −$1.55B | +642.8% | −$1.34B | ||
| 2019 | −$209.20M | -13175.0% | −$210.80M | ||
| 2018 | $1.60M | -97.0% | −$52.40M | ||
| 2017 | $54.00M | -128.8% | +$241.30M | ||
| 2016 | −$187.30M | -421.3% | −$245.60M | ||
| 2015 | $58.30M | -43.0% | −$44.00M | ||
| 2014 | $102.30M | +57.1% | +$37.20M | ||
| 2013 | $65.10M | +70.9% | +$27.00M | ||
| 2012 | $38.10M | +24.1% | +$7.40M | ||
| 2011 | $30.70M | -304.7% | +$45.70M | ||
| 2010 | −$15.00M | -151.2% | −$44.30M | ||
| 2009 | $29.30M | -21.4% | −$8.00M | ||
| 2008 | $37.30M | — | — |
- 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 (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 Net Income at Targa Resources (TRGP)
According to Targa Resources's latest reported financial statements, the company's current net income (TTM) is $2.13B. 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 .
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.
Targa Resources Net Income by Year
Targa Resources Net Income 2025: $1.84B
Targa Resources posted net income of $1.84B in 2025, surged 45.3% from 2024. This figure represents the highest annual value in the available history.
Targa Resources Net Income 2024: $1.27B
In 2024, Targa Resources reported net income of $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
2022's net income for Targa Resources came in at $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 by Net Income
Energy peers of Targa Resources (TRGP), ranked by their latest net income
| $28.84B | |
| $12.30B | |
| $7.99B | |
| $5.37B | |
| $4.05B | |
| $3.35B | |
| $2.62B | |
| $2.35B |
- $28.84B
- $12.30B
- $7.99B
- $5.37B
- $4.05B
- $3.35B
- $2.62B
- $2.35B
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