Financial insights of TRGP

MyFinsight

For the year ending 2025-12-31, TRGP made $17,028.3M in revenue. $1,852.5M in net income. Net profit margin of 10.88%.

Unit: Million (M) dollars (except for numbers of shares and EPS)

Income Statement	2025-12-31	2024-12-31	2023-12-31	2022-12-31
Total revenues	17,028.3	16,381.5	16,060.3	20,929.8
Product purchases and fuel	10,507.8	10,703	10,676.4	16,882.1
Operating expenses	1,298.3	1,175.6	1,077.9	912.8
Depreciation and amortization expense	1,515.3	1,423	1,329.6	1,096
General and administrative expense	406	384.9	348.7	309.7
Other operating (income) expense	30.3	0.4	-1.5	-0.2
Income (loss) from operations	3,331.2	2,695.4	2,626.2	1,729
Interest expense, net	-852.8	-767.2	-687.8	-446.1
Equity earnings (loss)	11.8	9.4	9	9.1
Gain (loss) from financing activities	-	-0.8	-2.1	-49.6
Gain (loss) from sale of equity-method investment	-	-	-	435.9
Other, net	-3.8	1.2	-2.8	-15.1
Income (loss) before income taxes	2,486.4	1,938	1,942.5	1,663.2
Income tax (expense) benefit	529.7	384.5	363.2	131.8
Net income (loss)	1,956.7	1,553.5	1,579.3	1,531.4
Less net income (loss) attributable to noncontrolling interests	33.7	241.5	233.4	335.9
Net income (loss) attributable to targa resources corp	1,923	1,312	1,345.9	1,195.5
Premium on repurchase of noncontrolling interests, net of tax	70.5	32.9	510.1	53.2
Dividends on series a preferred stock	-	-	-	30
Deemed dividends on series a preferred stock	-	-	-	215.5
Net income (loss) attributable to common shareholders	1,852.5	1,279.1	835.8	896.8

Earnings per share, basic, total	8.52	5.77	3.69	3.95
Earnings per share, diluted, total	8.49	5.74	3.66	3.88
Weighted average shares outstanding - basic (in shares)	216,100,000	220,200,000	224,600,000	227,300,000
Weighted average shares outstanding - diluted (in shares)	216,900,000	221,300,000	226,000,000	231,100,000