Targa Resources Income Statement
TRGP / Energy|15 years of annual SEC 10-K data (FY2011-FY2025)
Line items include revenue, cost of goods sold, gross profit, operating expenses, interest, taxes, and net income with per-share data across 15 fiscal years. All figures from audited SEC 10-K filings.
Targa Resources reported $17.0B in revenue and $1.9B in net income for FY2025. Revenue has grown at a 13.2% compound annual rate over the past 9 years.
Based on SEC 10-K filings.
Key Data Points
- Altman Z-Score NaN (distress zone, below 1.23 threshold)
- Cash-backed earnings: Operating cash flow exceeds net income
- High leverage: Debt-to-equity ratio of 5.68
Data sourced from SEC EDGAR filings. Not investment advice.
| Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $17.0B | $16.4B | $16.1B | $20.9B | $16.9B | $8.3B | $8.7B | $10.5B | $8.8B | $5.6B | - | - | - | - | - |
| Cost of Revenue | $10.5B | $10.7B | $10.7B | $16.9B | $13.7B | $5.2B | $6.2B | $8.2B | $6.9B | $4.9B | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | $2.6B | $2.2B | $1.9B | $1.8B | $1.8B | $379.6M | $1.2B | $1.0B | $955.5M |
| SG&A Expense | $406.0M | $384.9M | $348.7M | $309.7M | $273.2M | $254.6M | $280.7M | $256.9M | $203.4M | $187.2M | $161.7M | $148.0M | $151.5M | $139.8M | $136.1M |
| Operating Income | $3.3B | $2.7B | $2.6B | $1.7B | $864.8M | -$1.3B | $192.9M | $237.5M | -$122.4M | $55.8M | $159.3M | $640.5M | $368.2M | $336.3M | $351.1M |
| Interest Expense | - | - | - | - | - | - | - | - | -$233.7M | -$254.2M | -$231.9M | -$147.1M | -$134.1M | -$120.8M | $111.7M |
| Income Tax | $529.7M | $384.5M | $363.2M | $131.8M | $14.8M | -$248.1M | -$87.9M | $5.5M | -$397.1M | -$100.6M | $39.6M | $68.0M | $48.2M | $36.9M | $26.6M |
| Net Income | $1.9B | $1.3B | $1.3B | $1.2B | $71.2M | -$1.6B | -$209.2M | $1.6M | $54.0M | -$187.3M | $58.3M | $102.3M | $65.1M | $38.1M | $30.7M |
| EPS (Basic) | $3.69 | $3.95 | -$0.07 | $3.95 | -$7.26 | -$0.53 | -$0.31 | -$1.80 | -$0.31 | -$1.80 | $1.09 | $2.44 | $1.56 | $0.93 | $0.75 |
| EPS (Diluted) | $3.66 | $3.88 | -$0.07 | $3.88 | -$7.26 | -$0.53 | -$0.31 | -$1.80 | -$0.31 | -$1.80 | $1.09 | $2.43 | $1.55 | $0.91 | $0.74 |
| Shares Outstanding | 217.8M | 222.6M | 226.0M | 231.1M | 228.2M | 232.8M | 231.8M | 217.6M | 206.9M | 154.4M | 53.6M | 42.1M | 42.1M | 41.8M | 41.4M |
| Gross Margin | - | - | - | - | - | - | 29.4% | 21.4% | 21.7% | 31.6% | - | - | - | - | - |
| Operating Margin | 19.6% | 16.4% | 16.4% | 8.3% | 5.1% | -15.8% | 2.2% | 2.3% | -1.4% | 1.0% | - | - | - | - | - |
| Profit Margin | 11.3% | 8.0% | 8.4% | 5.7% | 0.4% | -18.8% | -2.4% | 0.0% | 0.6% | -3.4% | - | - | - | - | - |