TTM
$3.46B
YoY change
+17.1%
5Y CAGR
+22.2%
Peak year (2025)
$3.45B
Cumulative operating income
$18.93B
Operating Income history chart for Targa Resources (TRGP) from 2008 to 2025
Latest: $3.45B
Operating Income growth chart for Targa Resources (TRGP) from 2008 to 2025
Latest: +17.1%
Operating Income history table for Targa Resources (TRGP) from 2008 to 2025
| 2025 | $3.45B | +17.1% | +$502.90M | ||
| 2024 | $2.94B | +34.6% | +$757.20M | ||
| 2023 | $2.19B | -12.0% | −$297.20M | ||
| 2022 | $2.48B | +36.5% | +$663.90M | ||
| 2021 | $1.82B | +43.8% | +$554.70M | ||
| 2020 | $1.27B | +555.9% | +$1.07B | ||
| 2019 | $192.90M | -62.8% | −$325.40M | ||
| 2018 | $518.30M | +61.4% | +$197.10M | ||
| 2017 | $321.20M | +44.0% | +$98.20M | ||
| 2016 | $223.00M | -38.1% | −$137.50M | ||
| 2015 | $360.50M | -44.2% | −$285.00M | ||
| 2014 | $645.50M | +81.3% | +$289.40M | ||
| 2013 | $356.10M | +15.3% | +$47.20M | ||
| 2012 | $308.90M | -12.1% | −$42.40M | ||
| 2011 | $351.30M | +87.2% | +$163.60M | ||
| 2010 | $187.70M | -14.4% | −$31.50M | ||
| 2009 | $219.20M | -11.6% | −$28.70M | ||
| 2008 | $247.90M | — | — |
- 2025$3.45B+17.1%
- 2024$2.94B+34.6%
- 2023$2.19B-12.0%
- 2022$2.48B+36.5%
- 2021$1.82B+43.8%
- 2020$1.27B+555.9%
- 2019$192.90M-62.8%
- 2018$518.30M+61.4%
- 2017$321.20M+44.0%
- 2016$223.00M-38.1%
- 2015$360.50M-44.2%
- 2014$645.50M+81.3%
- 2013$356.10M+15.3%
- 2012$308.90M-12.1%
- 2011$351.30M+87.2%
- 2010$187.70M-14.4%
- 2009$219.20M-11.6%
- 2008$247.90M—
Operating 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 Operating Income at Targa Resources (TRGP)
According to Targa Resources's latest reported financial statements, the company's current operating income (TTM) is $3.46B. Operating income is profit from core operations: revenue minus cost of goods sold and operating expenses (SG&A, R&D). It excludes interest, taxes, and non-operating items, so it isolates how profitable the business itself is before financing and tax decisions. Compare with EBITDA and net income.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
In 2025, Targa Resources (TRGP) operating income totalled $3.45B – grew 17.1% year-over-year.
Looking at the 2020–2025 (5 years) stretch, Targa Resources operating income compounded at +22.2% per year, sustaining 2 straight years of year-over-year growth.
2025 marks the peak operating income at $3.45B, with the historical low of $187.70M recorded in 2010.
Targa Resources Operating Income by Year
Targa Resources Operating Income 2025: $3.45B
Targa Resources posted operating income of $3.45B in 2025, grew 17.1% from 2024. This figure represents the highest annual value in the available history.
Targa Resources Operating Income 2024: $2.94B
In 2024, Targa Resources reported operating income of $2.94B, surged 34.6% from 2023.
Targa Resources Operating Income 2023: $2.19B
Targa Resources operating income in 2023 was $2.19B, declined 12.0% below 2022.
Targa Resources Operating Income 2022: $2.48B
2022's operating income for Targa Resources came in at $2.48B, surged 36.5% from 2021.
Targa Resources Operating Income 2021: $1.82B
Targa Resources operating income in 2021 was $1.82B.
See more financial history for Targa Resources (TRGP).
Sector peers by Operating Income
Energy peers of Targa Resources (TRGP), ranked by their latest operating income
| $33.94B | |
| $16.67B | |
| $11.49B | |
| $7.86B | |
| $5.77B | |
| $5.46B | |
| $4.40B | |
| $4.31B |
- $33.94B
- $16.67B
- $11.49B
- $7.86B
- $5.77B
- $5.46B
- $4.40B
- $4.31B
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