Company / Net Income
Targa Resources Net Income History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Net Income
$1.9B
FY2025
5-year range
$71.2M / $1.9B
FY2021-FY2025
Trend
+46.6%
vs FY2024
Sector context
#17 of 103
Energy
What the data says
Targa Resources's net income of $1.9B is higher than 83% of companies in the Energy sector (FY2025). Net Income has fluctuated over the past 10 years, ranging from -$209M in FY2019 to $1.9B in FY2025.
Based on SEC 10-K filings.
$1.9B in FY2025 with a 5-year CAGR of +313.0%. Top quartile in the Energy sector.
Improved from $71M to $1.9B over the past 2 years.
Energy sector context is included.
Net Income over time
Growth rates
- 3-Year CAGR
- +17.2%
- 5-Year CAGR
- +313.0%
- 10-Year CAGR
- -
Sector benchmark
Top 17% in EnergyTop 17% of 103This company $1.9B Sector average $1.1B
▼
+75.1% above sector average
Key checks
Key Insights
- 5-year CAGR of +313.0%, indicating consistent growth.
- In FY2025, net income increased 46.6% year-over-year.
- Ranks #17 out of 103 companies in the Energy sector.
- Lowest net income in the period was in FY2019.
Company context
Key Data Points
- Altman Z-Score 1.19 (distress zone, below 1.8 threshold)
- High earnings quality (cash-backed earnings)
- Strong return on equity: 63.9%
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Net IncomeValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $1.9B | +46.6% |
| FY2024 | $1.3B | +1742.7% |
| FY2023 | $71.2M | -94.0% |
| FY2022 | $1.2B | +1579.1% |
| FY2021 | $71.2M | +4350.0% |
| FY2020 | $1.6M | +100.8% |
| FY2019 | -$209.2M | -11.7% |
| FY2018 | -$187.3M | -446.9% |
| FY2017 | $54.0M | +128.8% |
| FY2016 | -$187.3M | -421.3% |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026