How Targa Resources (TRGP) Makes Money: A Visual Guide
Targa Resources (TRGP) generated $17.14B in revenue (TTM through Q4 2025), earning $1.84B in net profit (10.8% margin). Its largest revenue source is Logistics And Transportation (66.4% of revenue). Below is an interactive breakdown of how revenue flows through the income statement.
Targa Resources (TRGP) Income Statement Flow
Frequently asked questions
How does Targa Resources (TRGP) make money?
- Targa Resources (TRGP) primarily makes money through Logistics And Transportation, which accounts for 66.4% of total revenue. For TTM through Q4 2025, Targa Resources generated $17.14B in total revenue with a net profit margin of 10.8%.
What is Targa Resources (TRGP) gross profit margin?
- Targa Resources (TRGP) reported a gross profit margin of 26.5% for TTM through Q4 2025, equivalent to $4.54B in gross profit. This means Targa Resources retains 26.5% of each revenue unit after direct costs of production.
What is Targa Resources (TRGP) operating profit margin?
- Targa Resources (TRGP) reported an operating profit margin of 20.1% for TTM through Q4 2025, equivalent to $3.45B in operating profit. This reflects profitability after operating expenses such as R&D, sales, and administration, but before taxes and non-operating items.
What is Targa Resources (TRGP) net profit margin?
- Targa Resources (TRGP) reported a net profit margin of 10.8% for TTM through Q4 2025, equivalent to $1.84B in net profit. This is the share of revenue that remains as profit after all expenses, taxes, and non-operating items.
How much does Targa Resources (TRGP) spend on capital expenditures?
- Targa Resources (TRGP) spent $3.33B on capital expenditures in TTM through Q4 2025 (19.5% of total revenue). Capital expenditures represent investments in physical assets such as property, equipment, and infrastructure.
What is Targa Resources (TRGP) free cash flow?
- Targa Resources (TRGP) generated $584.10M in free cash flow for TTM through Q4 2025 (3.4% of total revenue). Free cash flow is the cash remaining after capital expenditures and represents the company's ability to fund growth, pay dividends, or reduce debt.
What is Targa Resources (TRGP) effective tax rate?
- Targa Resources (TRGP) had an effective tax rate of 21.3% for TTM through Q4 2025. This is the actual percentage of pre-tax income paid as income taxes.
About this data
- What is a Sankey diagram?
- A Sankey diagram shows how money flows through a company from revenue to net profit. The width of each flow represents its proportion.
- How is the data calculated?
- We use the income statement from company filings. For TTM (Trailing Twelve Months), we sum the last four quarters. Revenue flows to cost of revenue and gross profit, then to operating expenses (R&D, S&M, G&A) and operating profit.
- When was this data last updated?
- Based on company filings through TTM through Q4 2025.