Company / Operating Income
Targa Resources Operating Income History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Operating Income
$3.3B
FY2025
5-year range
$864.8M / $3.3B
FY2021-FY2025
Trend
+23.6%
vs FY2024
Sector context
#7 of 89
Energy
What the data says
Among 89 Energy companies, Targa Resources is in the top 8% for operating income. Operating Income has fluctuated over the past 10 years, ranging from -$122M in FY2017 to $3.3B in FY2025.
Based on SEC 10-K filings.
$3.3B in FY2025 with a 5-year CAGR of +69.6%. Top quartile in the Energy sector.
Improved from $865M to $3.3B over the past 2 years.
Energy sector context is included.
Operating Income over time
Growth rates
- 3-Year CAGR
- +24.4%
- 5-Year CAGR
- +69.6%
- 10-Year CAGR
- -
Sector benchmark
Top 8% in EnergyTop 8% of 89This company $3.3B Sector average $877.0M
▼
+279.8% above sector average
Key checks
Key Insights
- 5-year CAGR of +69.6%, indicating consistent growth.
- In FY2025, operating income increased 23.6% year-over-year.
- Ranks #7 out of 89 companies in the Energy sector.
- Lowest operating income in the period was in FY2017.
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 | Operating IncomeValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $3.3B | +23.6% |
| FY2024 | $2.7B | +211.7% |
| FY2023 | $864.8M | -50.0% |
| FY2022 | $1.7B | +99.9% |
| FY2021 | $864.8M | +264.1% |
| FY2020 | $237.5M | +23.1% |
| FY2019 | $192.9M | +245.7% |
| FY2018 | $55.8M | +145.6% |
| FY2017 | -$122.4M | -319.4% |
| FY2016 | $55.8M | -65.0% |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026