TRGP Q4 2025 Earnings — Targa Resources Corp. Revenue & Financial Results | Market Cap Arena

TRGPTarga Resources Corp.

$51B

Q4 2025 Earnings

Energy Oil & Gas Midstream

Income Statement

Revenue

$4.1B-7.9% YoY

Gross Profit

$1.7B43.1% margin

Operating Income

$917M22.6% margin

Net Income

$545M13.4% margin

EPS (Diluted)

$2.53

QoQ Revenue Growth

-3.5%

Cash Flow

Operating Cash Flow

$1.5B

Free Cash Flow

$542M

Stock-Based Comp.

$17M

Balance Sheet

Total Assets

$25.2B

Total Liabilities

$22.0B

Stockholders' Equity

$3.1B

Cash & Equivalents

$166M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$4.1B	$4.4B	-7.9%
Gross Profit	$1.7B	$1.1B	+58.3%
Operating Income	$917M	$701M	+31.0%
Net Income	$545M	$351M	+55.3%

Revenue Segments

Logistics And Transportation

$3.4B68%

Gathering And Processing

$1.6B32%

Geographic Segments

Logistics And Transportation

$3.4B68%

Gathering And Processing

$1.6B32%