Revenue for Targa Resources (TRGP)
According to Targa Resources's latest reported financial statements, the company's current revenue (TTM) is $17.14B USD. Revenue is the total income from selling goods or services before any expenses. Unlike net income (earnings), revenue does not subtract operating costs, taxes, or other charges. Figures are in USD; chart and tables below use historical filings (not a live revenue-per-second estimate).
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
TRGP
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TTM (last 4 quarters)
$17.14B
YoY change
+3.1%
5Y CAGR
+15.7%
Peak year (2022)
$21.68B
Cumulative revenue
$184.08B
Revenue history chart for Targa Resources (TRGP) from 2008 to 2025
Revenue history table for Targa Resources (TRGP) from 2008 to 2025
| Fiscal year | Period ended | Reported | Revenue | YoY |
|---|---|---|---|---|
| 2025 | $17.14B | +3.1% | ||
| 2024 | $16.63B | +6.5% | ||
| 2023 | $15.62B | -28.0% | ||
| 2022 | $21.68B | +24.3% | ||
| 2021 | $17.44B | +110.8% | ||
| 2020 | $8.27B | -4.6% | ||
| 2019 | $8.67B | -17.8% | ||
| 2018 | $10.55B | +19.1% | ||
| 2017 | $8.86B | +33.4% | ||
| 2016 | $6.64B | +1.0% | ||
| 2015 | $6.58B | -23.7% | ||
| 2014 | $8.63B | +32.0% | ||
| 2013 | $6.54B | +11.9% | ||
| 2012 | $5.84B | -16.5% | ||
| 2011 | $6.99B | +28.1% | ||
| 2010 | $5.46B | +20.4% | ||
| 2009 | $4.54B | -43.3% | ||
| 2008 | $8.00B | — |
Revenue 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
As of the 2025 fiscal year, Targa Resources (TRGP) reported revenue of $17.14B – edged up 3.1% year-over-year.
Across 2020–2025 (5 years), Targa Resources revenue produced a CAGR of +15.7% – sustaining 2 straight years of year-over-year growth.
Between 2022 and 2025, Targa Resources revenue declined 21.0%, falling from $21.68B to $17.14B.
The highest annual revenue of $21.68B was reported in 2022. The lowest in the available history was $4.54B in 2009.
Within Energy, Targa Resources (TRGP) ranks 8th among 8 peers we track. The peer median for revenue is $61.95B.
Targa Resources Revenue by Year
Targa Resources Revenue 2025: $17.14B
Targa Resources revenue in 2025 was $17.14B, edged up 3.1% from 2024.
Targa Resources Revenue 2024: $16.63B
Targa Resources revenue in 2024 was $16.63B, grew 6.5% from 2023.
Targa Resources Revenue 2023: $15.62B
Targa Resources revenue in 2023 was $15.62B, declined 28.0% below 2022.
Targa Resources Revenue 2022: $21.68B
Targa Resources revenue in 2022 was $21.68B, grew 24.3% from 2021. This figure represents the highest annual value in the available history.
Targa Resources Revenue 2021: $17.44B
Targa Resources revenue in 2021 was $17.44B.
See more financial history for Targa Resources (TRGP).
Sector peers — Revenue
Companies in the same sector as Targa Resources, ranked by their latest revenue.
| Company | Revenue | Sector |
|---|---|---|
| Exxon Mobil Corporation (XOM) | $323.90B | Energy |
| Chevron Corporation (CVX) | $184.43B | Energy |
| Valero Energy Corporation (VLO) | $122.69B | Energy |
| Enbridge Inc. (ENB) | $65.19B | Energy |
| ConocoPhillips (COP) | $58.71B | Energy |
| SLB N.V. (SLB) | $35.71B | Energy |
| EOG Resources, Inc. (EOG) | $22.57B | Energy |
| The Williams Companies, Inc. (WMB) | $11.95B | Energy |
Frequently asked questions
What is Targa Resources's revenue?
- Latest reported revenue for Targa Resources (TRGP) is $17.14B (period ending December 31, 2025).
How has Targa Resources revenue changed year-over-year?
- Targa Resources (TRGP) revenue changed +3.1% year-over-year on the latest annual filing.
What is the long-term growth rate of Targa Resources revenue?
- Targa Resources (TRGP) revenue compound annual growth rate is +15.7% over the most recent 5 years available.
When did Targa Resources revenue hit its highest annual value?
- Targa Resources revenue reached its highest annual value of $21.68B in 2022.
What was Targa Resources revenue in 2024?
- Targa Resources (TRGP) revenue in 2024 was $16.63B.
What was Targa Resources revenue in 2025?
- Targa Resources (TRGP) revenue in 2025 was $17.14B.
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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