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Targa Resources Corp. (TRGP)

For the quarter ending 2025-06-30, TRGP made $4,260,100K in revenue. $629,100K in net income. Net profit margin of 14.77%.

Overview

Revenue
$4,260,100K
Net Income
$629,100K
Net Profit Margin
14.77%
EPS
$2.87
Unit: Thousand (K) dollars
Revenue Breakdown
    • Natural Gas Liquids Reserves
    • Natural Gas Reserves
    • Gathering And Processing Fees
    • Others
Revenue Breakdown
    • Natural Gas Liquids Reserves
    • Natural Gas Reserves
    • Gathering And Processing Fees
    • Others

Unit: Thousand (K) dollars (except for numbers of shares and EPS)
2025-06-30
2025-03-31
2024-09-30
2024-06-30
Total revenues4,260,100 4,561,500 3,851,800 3,562,000
Other operating (income) expense1,800 5,300 400 200
Operating expenses323,600 303,600 301,000 290,700
General and administrative expense95,000 94,500 102,600 98,300
Depreciation and amortization expense373,700 367,600 355,400 348,600
Product purchases and fuel2,436,000 3,257,800 2,365,000 2,197,400
Income (loss) from operations1,033,600 543,300 728,200 627,200
Interest expense, net-218,400 -197,100 -184,900 -176,000
Equity earnings (loss)5,100 5,500 2,200 2,900
Other, net1,000 300 -400 -100
Gain (loss) from financing activities- - - -800
Income (loss) before income taxes821,300 352,000 545,100 453,200
Income tax (expense) benefit184,100 72,200 97,000 94,300
Net income (loss)637,200 279,800 448,100 358,900
Less net income (loss) attributable to noncontrolling interests8,100 9,300 60,700 60,400
Net income (loss) attributable to targa resources corp629,100 270,500 387,400 298,500
Premium on repurchase of noncontrolling interests, net of tax- 70,500 - -
Net income (loss) attributable to common shareholders629,100 200,000 387,400 298,500
Earnings per share, basic, total2.88 0.91 1.76 1.34
Earnings per share, diluted, total2.87 0.91 1.75 1.33
Weighted average number of shares outstanding, basic, total216,600,000 217,900,000 219,000,000 221,000,000
Weighted average shares outstanding - diluted (in shares)217,300,000 218,700,000 220,000,000 221,900,000
Unit: Thousand (K) dollars (except for numbers of shares and EPS)

Income Statement

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Natural Gas LiquidsReserves$2,832,900K Natural Gas Reserves$458,200K Oil And Condensate$111,300K Designated As HedgingInstrument$27,700K Nondesignated$206,200K Gathering And ProcessingFees$403,700K Midstream Services Other$16,000K NGLTransportation FractionationAnd Services$83,200K Storage Terminaling AndExport$120,900K Revenue recognized$3,402,400K Non-customer revenue$233,900K Revenuerecognized-Service$623,800K Product$3,636,300K (21.57%↑ Y/Y)Other operating(income) expense$1,800K (800.00%↑ Y/Y)Total revenues$4,260,100K (19.60%↑ Y/Y)Equity earnings (loss)$5,100K (75.86%↑ Y/Y)Income (loss) fromoperations$1,033,600K (64.80%↑ Y/Y)Other, net$1,000K (1100.00%↑ Y/Y)Product purchases andfuel$2,436,000K (10.86%↑ Y/Y)Depreciation andamortization expense$373,700K (7.20%↑ Y/Y)General andadministrative expense$95,000K (-3.36%↓ Y/Y)Operating expenses$323,600K (11.32%↑ Y/Y)Income (loss) beforeincome taxes$821,300K (81.22%↑ Y/Y)Interest expense, net-$218,400K (-24.09%↓ Y/Y)Net income (loss)$637,200K (77.54%↑ Y/Y)Income tax (expense)benefit$184,100K (95.23%↑ Y/Y)Net income (loss)attributable to targa...$629,100K (110.75%↑ Y/Y)Less net income(loss) attributable to...$8,100K (-86.59%↓ Y/Y)Net income (loss)attributable to common...$629,100K (110.75%↑ Y/Y)