Targa Resources (TRGP) Revenue & Revenue Breakdown

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Targa Resources Revenue Highlights

Latest Revenue (Y)

$17.14B

Latest Revenue (Q)

$4.15B

Main Segment (Y)

Logistics And Transportation

Main Geography (Y)

Logistics And Transportation

Targa Resources Revenue by Period

Targa Resources Revenue by Year

Date	Revenue	Change
2025-12-31	$17.14B	3.06%
2024-12-31	$16.63B	6.45%
2023-12-31	$15.62B	-27.97%
2022-12-31	$21.68B	24.33%
2021-12-31	$17.44B	110.82%
2020-12-31	$8.27B	-4.60%
2019-12-31	$8.67B	-17.85%
2018-12-31	$10.55B	19.07%
2017-12-31	$8.86B	33.40%
2016-12-31	$6.64B	1.02%
2015-12-31	$6.58B	-23.74%
2014-12-31	$8.63B	32.00%
2013-12-31	$6.54B	11.92%
2012-12-31	$5.84B	-16.52%
2011-12-31	$6.99B	28.09%
2010-12-31	$5.46B	20.39%
2009-12-31	$4.54B	-43.29%
2008-12-31	$8.00B	-

Targa Resources generated $17.14B in revenue during NA 2025, up 3.06% compared to the previous quarter, and up 207.15% compared to the same period a year ago.

Targa Resources Revenue by Quarter

Date	Revenue	Change
2025-09-30	$4.15B	3.10%
2025-06-30	$4.03B	-17.03%
2025-03-31	$4.85B	7.25%
2024-12-31	$4.52B	16.44%
2024-09-30	$3.89B	7.39%
2024-06-30	$3.62B	-21.29%
2024-03-31	$4.60B	8.64%
2023-12-31	$4.23B	9.03%
2023-09-30	$3.88B	20.96%
2023-06-30	$3.21B	-25.33%
2023-03-31	$4.30B	-5.90%
2022-12-31	$4.57B	-18.50%
2022-09-30	$5.60B	-10.10%
2022-06-30	$6.23B	18.00%
2022-03-31	$5.28B	-5.74%
2021-12-31	$5.60B	23.33%
2021-09-30	$4.54B	28.85%
2021-06-30	$3.53B	-6.40%
2021-03-31	$3.77B	28.92%
2020-12-31	$2.92B	45.69%
2020-09-30	$2.01B	37.84%
2020-06-30	$1.46B	-22.96%
2020-03-31	$1.89B	-23.61%
2019-12-31	$2.47B	25.88%
2019-09-30	$1.96B	0.57%
2019-06-30	$1.95B	-14.62%
2019-03-31	$2.29B	-11.89%
2018-12-31	$2.60B	-13.78%
2018-09-30	$3.01B	22.69%
2018-06-30	$2.45B	-0.05%
2018-03-31	$2.46B	-9.15%
2017-12-31	$2.70B	26.78%
2017-09-30	$2.13B	14.14%
2017-06-30	$1.87B	-11.59%
2017-03-31	$2.11B	4.97%
2016-12-31	$2.01B	21.81%
2016-09-30	$1.65B	4.34%
2016-06-30	$1.58B	9.79%
2016-03-31	$1.44B	-12.44%
2015-12-31	$1.65B	0.94%
2015-09-30	$1.63B	-3.96%
2015-06-30	$1.70B	1.17%
2015-03-31	$1.68B	-17.37%
2014-12-31	$2.03B	-11.17%
2014-09-30	$2.29B	10.98%
2014-06-30	$2.06B	-12.37%
2014-03-31	$2.35B	8.94%
2013-12-31	$2.16B	38.73%
2013-09-30	$1.56B	7.99%
2013-06-30	$1.44B	3.13%
2013-03-31	$1.40B	-8.48%
2012-12-31	$1.53B	9.60%
2012-09-30	$1.39B	5.64%
2012-06-30	$1.32B	-19.85%
2012-03-31	$1.65B	-14.90%
2011-12-31	$1.93B	12.86%
2011-09-30	$1.71B	-0.82%
2011-06-30	$1.73B	6.77%
2011-03-31	$1.62B	5.95%
2010-12-31	$1.53B	25.18%
2010-09-30	$1.22B	-1.62%
2010-06-30	$1.24B	-16.41%
2010-03-31	$1.48B	6.66%
2009-12-31	$1.39B	23.58%
2009-09-30	$1.13B	-

Targa Resources generated $4.15B in revenue during Q3 2025, up 3.10% compared to the previous quarter, and up 114.72% compared to the same period a year ago.

Targa Resources Revenue Breakdown

Targa Resources Revenue Breakdown by Product

Annual Revenue by Product

Product/Service	Dec 25	Dec 24	Dec 23	Dec 22	Dec 21
Corporate Non Segment And Inter Segment Elimination	$-32.40M	$-28.10M	-	-	-
Logistics And Transportation	$14.56B	$14.03B	-	-	-
Gathering And Processing	$7.42B	$6.81B	$1.34B	-	-
Service	-	-	$2.10B	$1.86B	$1.35B
Product	-	-	$13.96B	$19.07B	$15.60B
Storage Terminaling And Export	-	-	$440.70M	$372.20M	$379.70M
Oil and Condensate	-	-	$519.50M	$565.30M	-
Natural Gas	-	-	$2.42B	$5.47B	-
Natural Gas Liquids	-	-	$10.58B	$13.79B	-
N G L Transportation Fractionation And Services	-	-	$261.10M	$285.10M	$190.60M
Midstream Services Other	-	-	$53.60M	$69.30M	$46.70M
Gathering And Processing Fees	-	-	$1.34B	$1.14B	$730.30M
Oil And Condensate	-	-	-	-	$358.40M
Natural Gas Reserves	-	-	-	-	$3.52B
Natural Gas Liquids Reserves	-	-	-	-	$12.21B

Targa Resources's latest annual revenue breakdown by segment (product or service), as of Dec 25: Logistics And Transportation (66.36%), Gathering And Processing (33.79%), and Corporate Non Segment And Inter Segment Elimination (-0.15%).

Quarterly Revenue by Product

Product/Service	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21
Gathering And Processing	$1.60B	$1.87B	$1.75B	$2.19B	$4.45B	$1.57B	$385.70M	$405.90M	-	-	-	-	-	-	-	-	-	-	-	-
Logistics And Transportation	$3.41B	$3.53B	$3.42B	$4.20B	$10.81B	$3.22B	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Corporate Non Segment And Inter Segment Elimination	$-8.70M	$-8.60M	$-7.80M	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gathering And Processing Fees	-	-	-	-	-	-	-	$405.90M	$376.60M	$333.30M	$317.40M	$315.50M	$307.60M	$376.40M	$247.10M	$206.00M	$244.60M	$201.30M	$168.00M	$116.30M
N G L Transportation Fractionation And Services	-	-	-	-	-	-	-	$63.00M	$70.50M	$71.10M	$63.40M	$56.10M	$70.00M	$82.30M	$66.90M	$65.80M	$52.10M	$45.80M	$45.60M	$47.20M
Natural Gas Liquids	-	-	-	-	-	-	-	$3.36B	$5.79B	$2.64B	$2.15B	$2.74B	-	-	-	-	-	-	-	-
Midstream Services Other	-	-	-	-	-	-	-	$14.80M	$5.90M	$15.70M	$16.90M	$15.10M	$15.00M	$18.60M	$15.70M	$20.20M	$13.10M	$6.80M	$14.20M	$12.70M
Storage Terminaling And Export	-	-	-	-	-	-	-	$125.70M	$138.30M	$102.20M	$91.40M	$108.80M	$86.90M	$82.50M	$101.90M	$100.90M	$106.60M	$87.70M	$96.50M	$88.80M
Service	-	-	-	-	-	-	-	$609.40M	$591.30M	$522.30M	$489.10M	$495.50M	$479.50M	$559.80M	$431.60M	$392.90M	$416.40M	$341.60M	$324.30M	$265.00M
Oil and Condensate	-	-	-	-	-	-	-	$137.20M	$247.70M	$117.70M	$154.10M	$124.30M	-	-	-	-	-	-	-	-
Natural Gas	-	-	-	-	-	-	-	$494.60M	$1.40B	$606.00M	$413.80M	$1.23B	-	-	-	-	-	-	-	-
Product	-	-	-	-	-	-	-	$3.95B	$3.65B	$3.37B	$2.91B	$4.03B	$4.08B	$4.80B	$5.62B	$4.57B	$5.03B	$4.12B	$3.09B	$3.37B
Oil And Condensate	-	-	-	-	-	-	-	-	-	-	-	$121.20M	$150.00M	$172.80M	$118.10M	$102.20M	$100.70M	$88.90M	$66.60M	-
Natural Gas Reserves	-	-	-	-	-	-	-	-	-	-	-	$816.10M	$1.75B	$1.53B	$964.30M	$1.15B	$916.10M	$613.80M	$841.40M	-
Natural Gas Liquids Reserves	-	-	-	-	-	-	-	-	-	-	-	$2.86B	$3.15B	$4.10B	$3.81B	$3.93B	$3.19B	$2.50B	$2.59B	-

Targa Resources's latest quarterly revenue breakdown by segment (product or service), as of Dec 25: Logistics And Transportation (68.10%), Gathering And Processing (32.07%), and Corporate Non Segment And Inter Segment Elimination (-0.17%).

Targa Resources Revenue Breakdown by Country

Annual Revenue by Country

Country	Dec 25	Dec 24	Dec 23	Dec 22	Dec 21
Logistics And Transportation	$14.56B	$14.03B	$13.66B	$19.74B	$16.16B
Gathering And Processing	$7.42B	$6.81B	$7.23B	$11.25B	$7.43B

Targa Resources's latest annual revenue breakdown by geography, as of Dec 25: Logistics And Transportation (66.26%), and Gathering And Processing (33.74%).

Quarterly Revenue by Country

Country	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21
Gathering And Processing	$1.60B	$1.87B	$1.75B	$2.19B	$1.91B	$1.57B	$1.52B	$1.81B	$1.84B	$1.87B	$1.57B	$1.96B	$2.37B	$3.33B	$3.17B	$2.38B	$2.54B	$2.15B	$1.50B	$1.23B
Logistics And Transportation	$3.41B	$3.53B	$3.42B	$4.20B	$3.86B	$3.22B	$3.00B	$3.95B	$3.65B	$3.42B	$2.76B	$3.83B	$4.04B	$5.08B	$5.69B	$4.93B	$5.23B	$4.20B	$3.27B	$3.46B

Targa Resources's latest quarterly revenue breakdown by geography, as of Dec 25: Logistics And Transportation (67.98%), and Gathering And Processing (32.02%).

Targa Resources Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
ET	Energy Transfer LP	$82.63B	$19.95B
CVE	Cenovus Energy	$52.20B	$13.40B
PAA	Plains All American Pipeline	$44.26B	$11.58B
OKE	ONEOK	$33.63B	$8.63B
OXY	Occidental Petroleum	$21.59B	$6.62B
TRGP	Targa Resources	$17.14B	$4.15B
FANG	Diamondback Energy	$15.03B	$3.92B
WDS	Woodside Energy Group	$13.99B	$6.71B
PBA	Pembina Pipeline	$9.13B	$1.60B
CQP	Cheniere Energy Partners	$8.70B	$2.40B
EQT	EQT	$8.64B	$1.82B

TRGP Revenue FAQ

What is Targa Resources’s yearly revenue?

Targa Resources's yearly revenue for 2025 was $17.14B, representing an increase of 3.06% compared to 2024. The company's yearly revenue for 2024 was $16.63B, representing an increase of 6.45% compared to 2023. TRGP's yearly revenue for 2023 was $15.62B, representing a decrease of -27.97% compared to 2022.

What is Targa Resources’s quarterly revenue?

Targa Resources's quarterly revenue for Q3 2025 was $4.15B, a 3.10% increase from the previous quarter (Q2 2025), and a 6.83% increase year-over-year (Q3 2024). The company's quarterly revenue for Q2 2025 was $4.03B, a -17.03% decrease from the previous quarter (Q1 2025), and a 11.26% increase year-over-year (Q2 2024). TRGP's quarterly revenue for Q1 2025 was $4.85B, a 7.25% increase from the previous quarter (Q4 2024), and a 5.55% increase year-over-year (Q1 2024).

What is Targa Resources’s revenue growth rate?

Targa Resources's revenue growth rate for the last 3 years (2023-2025) was 9.71%, and for the last 5 years (2021-2025) was -1.74%.

What are Targa Resources’s revenue streams?

Targa Resources's revenue streams in c 25 are Corporate Non Segment And Inter Segment Elimination, Logistics And Transportation, and Gathering And Processing. Corporate Non Segment And Inter Segment Elimination generated $-32.4M in revenue, accounting -0.15% of the company's total revenue, up 15.30% year-over-year. Logistics And Transportation generated $14.56B in revenue, accounting 66.36% of the company's total revenue, up 3.80% year-over-year. Gathering And Processing generated $7.42B in revenue, accounting 33.79% of the company's total revenue, up 8.93% year-over-year.

What is Targa Resources’s main source of revenue?

For the fiscal year ending Dec 25, the largest source of revenue of Targa Resources was Logistics And Transportation. This segment made a revenue of $14.56B, representing 66.36% of the company's total revenue.