Symbols

TRGP

Targa Resources·NYSE

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TRGP fundamentals

TRGP Q4 2025 Earnings

Targa Resources (TRGP) released its earnings on Feb 19, 2026: revenue was 4.06B (YoY -7.94%), missed estimates; EPS was 2.29 (YoY +57.93%), missed estimates.

Revenue / YoY

4.06B

-7.94%

EPS / YoY

2.29

+57.93%

Report date

Feb 19, 2026

TRGP Earnings Call Summary for Q4,2025

Record 2025 Financials: $4.96B adj EBITDA (+21%), $3.3B capex
2026+ Growth: 10-12% Permian volume growth, $5.5B EBITDA
Free Cash Flow: >$2.5B/year post-Speedway 2027
Capex: $4.5B 2026 (Permian 60%, Downstream 30%)
Tax Advantage: 2026+ 0% tax rate
Waha Sensitivity: +30% Waha price = +$200M EBITDA

Earnings

EPS

Revenue

Revenue & Expenses

TRGP has released its 2025 Q4 earnings report, with revenue of 4.06B, reflecting a YoY change of -7.94%, and net profit of 553.10M, showing a YoY change of 33.60%. The Sankey diagram below clearly presents TRGP's revenue sources and cost distribution.

Key Indicators

Targa Resources (TRGP) key financial stats and ratios, covering profitability, financial health, and leverage.

Income Statement

Targa Resources (TRGP)'s revenue and profit trends over recent years, visualized with a waterfall chart to showcase the revenue-to-profit funnel.

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Breakdown

Balance Sheet

Targa Resources (TRGP)'s asset and liability trends over recent years, visualized with a waterfall chart to illustrate changes in its asset-liability structure.

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Breakdown

Cash Flow

Targa Resources (TRGP)'s cash flow trends over recent years, visualized with a waterfall chart to illustrate changes in its operating, investing, and financing cash flows.

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