Company Analysis

Targa Resources Corp. (TRGP)

NYSE: TRGP · Natural Gas Transmission · Houston, TX · filing with the SEC since 2007
Grade5.5
◀ Past 5.5● Present 6.0▶ Future 4.9

Income statement, as filed

In millions of US dollars (USD), as filed; per-share figures in US dollars; share counts in millions. The fiscal year ends in December.
Income statement, by fiscal year, newest first
Fiscal yearFY 2025FY 2024FY 2023FY 2021FY 2021FY 2020FY 2019FY 2018FY 2017FY 2016
Period endingDec 31, 2025Dec 31, 2024Dec 31, 2023Dec 31, 2022Dec 31, 2021Dec 31, 2020Dec 31, 2019Dec 31, 2018Dec 31, 2017Dec 31, 2016
Report filedFeb 19, 2026Feb 20, 2025Feb 15, 2024Feb 22, 2023Feb 24, 2022Feb 18, 2021Feb 20, 2020Mar 1, 2019Feb 16, 2018Feb 21, 2017
Revenue17,028.316,381.516,060.320,929.816,949.88,260.38,671.110,484.08,814.95,586.7
For lenders
Net interest income········-233.7-254.2
Cost of revenue10,507.810,703.010,676.416,882.113,729.55,186.5r6,208.0r8,238.26,906.14,922.9
Gross profit······2,552.62,245.81,908.81,768.0
General and administrative406.0384.9348.7309.7273.2254.6280.7256.9203.4187.2
Total costs and expenses1,298.31,175.61,077.9912.8747.0698.4r703.4r722.0622.9553.7
Operating income3,331.22,695.42,626.21,729.0864.8-1,303.7192.9237.5-122.455.8
Interest income (expense), net-852.8-767.2-687.8-446.1-387.9-391.3-337.8-185.8-233.7-254.2
Share of profit of equity-method investments11.89.49.09.1-23.972.639.07.3-17.0-14.3
Other income (expense), net-3.80.4r-4.9r-15.10.5r3.7r·0.1-2.60.8r
Income before income taxes2,486.41,938.01,942.51,663.2436.9-1,573.1-46.765.9-292.9-259.7
Income tax expense529.7384.5363.2131.814.8-248.1-87.95.5-397.1-100.6
Net income including non-controlling interests1,956.71,553.51,579.31,531.4422.1-1,325.041.260.4104.2-159.1
Net income to non-controlling interests33.7241.5233.4335.9350.9228.9250.458.850.228.2
Net income1,923.01,312.01,345.91,195.571.2-1,553.9-209.21.654.0-187.3
Preferred dividends······124.8120.9117.490.8
Net income to common shareholders1,852.51,279.1835.8896.8-16.1-1,684.8-334.0-119.3-63.4-278.1
Earnings per share, basic8.525.773.693.95-0.07-7.26-1.44-0.53-0.31-1.80
Earnings per share, diluted8.495.743.663.88-0.07-7.26-1.44-0.53-0.31-1.80
Earnings per share, basic and diluted·····-7.26-1.44-0.53··
Weighted average shares, basic216.1220.2224.6227.3228.6232.2232.5224.2206.9154.4
Weighted average shares, diluted216.9221.3226.0231.1228.6232.2232.5224.2206.9154.4
As filed with the SEC, each figure from the newest report that carries it, and linked to it. Nothing here is computed.A dot is a line not tagged for that period. r restated by the company in a later report; b a share figure put on the newest basis or filed in the wrong unit. Hover a figure for its filing and note.
What each line is, and the XBRL concept behind it
Revenue what customers paid for what it soldus-gaap:Revenues
us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax
Net interest income interest earned less interest paidus-gaap:InterestIncomeExpenseNet
Cost of revenue what it cost to make or buy what it soldus-gaap:CostOfGoodsAndServicesSold
Gross profit revenue less the cost of what it soldus-gaap:GrossProfit
General and administrative the cost of running the company itselfus-gaap:GeneralAndAdministrativeExpense
Total costs and expenses every operating cost, the cost of revenue includedus-gaap:OperatingCostsAndExpenses
Operating income profit from running the business, before interest and taxus-gaap:OperatingIncomeLoss
Interest income (expense), net interest earned less interest paid, outside the businessus-gaap:InterestIncomeExpenseNonoperatingNet
Share of profit of equity-method investments its share of companies it partly ownsus-gaap:IncomeLossFromEquityMethodInvestments
Other income (expense), net gains and costs outside the businessus-gaap:OtherNonoperatingIncomeExpense
Income before income taxes profit before taxus-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
Income tax expense tax charged on the period's profitus-gaap:IncomeTaxExpenseBenefit
Net income including non-controlling interests the whole group's profit, minority holders' share includedus-gaap:ProfitLoss
Net income to non-controlling interests the share that belongs to minority holdersus-gaap:NetIncomeLossAttributableToNoncontrollingInterest
Net income the profit or loss that belongs to the company's shareholdersus-gaap:NetIncomeLoss
Preferred dividends paid to preferred holders before common shareholdersus-gaap:PreferredStockDividendsIncomeStatementImpact
Net income to common shareholders what is left for common shareholdersus-gaap:NetIncomeLossAvailableToCommonStockholdersBasic
Earnings per share, basic net income per share outstandingus-gaap:EarningsPerShareBasic
Earnings per share, diluted net income per share, counting every share that could be issuedus-gaap:EarningsPerShareDiluted
Earnings per share, basic and diluted net income per share, where both counts are the sameus-gaap:EarningsPerShareBasicAndDiluted
Weighted average shares, basic the average count of shares outstandingus-gaap:WeightedAverageNumberOfSharesOutstandingBasic
Weighted average shares, diluted the average count with every share that could be issuedus-gaap:WeightedAverageNumberOfDilutedSharesOutstanding
SI Assistanton TRGP · research, not advice