Targa Resources Operating Income History
TRGP / Energy|10 years of SEC 10-K data (FY2016-FY2025)
$3.3B in FY2025 with a 3-year CAGR of +24.4%. Top quartile in the Energy sector.
Improved from $2.6B to $3.3B over the past 2 years.
Among 88 Energy companies, Targa Resources is in the top 8% for operating income. Operating Income has increased for 5 consecutive years, from -$1.3B in FY2020 to $3.3B in FY2025.
Based on SEC 10-K filings.
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.
- 3-Year CAGR
- +24.4%
- 5-Year CAGR
- -
- 10-Year CAGR
- -
Operating Income Trend
Top 8% in EnergyTop 8% of 88This company $3.3B Sector average $903.7M
▼
+268.6% above sector average
Key Insights
- Targa Resources's operating income has grown for 5 consecutive years.
- 3-year CAGR of +24.4%, indicating consistent growth.
- In FY2025, operating income increased 23.6% year-over-year.
- Ranks #7 out of 88 companies in the Energy sector.
Annual Data
| Year | Operating Income | YoY Growth |
|---|---|---|
| FY2025 | $3.3B | +23.6% |
| FY2024 | $2.7B | +2.6% |
| FY2023 | $2.6B | +51.9% |
| FY2022 | $1.7B | +99.9% |
| FY2021 | $864.8M | +166.3% |
| FY2020 | -$1.3B | -775.8% |
| FY2019 | $192.9M | -18.8% |
| FY2018 | $237.5M | +294.0% |
| FY2017 | -$122.4M | -319.4% |
| FY2016 | $55.8M | -65.0% |
As of FY2025 · SEC 10-K · Updated Feb 28, 2026