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TRGP

Targa Resources·NYSE
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TRGP fundamentals

Targa Resources (TRGP) released its earnings on Nov 5, 2025: revenue was 4.15B (YoY +7.77%), missed estimates; EPS was 2.2 (YoY +25.71%), missed estimates.
Revenue / YoY
4.15B
+7.77%
EPS / YoY
2.2
+25.71%
Report date
Nov 5, 2025
TRGP Earnings Call Summary for Q3,2025
  • Record Q3 EBITDA: $1.275B (+19% YoY), full-year 2025 EBITDA at top end of $4.65-4.85B range.
  • Permian Growth: 2025 volumes up 10%, 2026 guidance for low double-digit growth; 5+ new plants under construction.
  • Major Projects: Speedway NGL pipeline (500,000 b/d), LPG export expansion to 19M b/mo, and Copperhead gas plant.
  • Free Cash Flow Inflection: 2027+ with downstream capex dropping ~$1B/yr.
  • Dividend Hike: 25% increase to $5/share, with $642M in YTD buybacks.
  • Competitive Edge: Largest Permian sour gas processor (2.5 Bcf/d), 7 AGI wells, and integrated infrastructure.
EPS
Revenue

Revenue & Expenses

TRGP has released its 2025 Q3 earnings report, with revenue of 4.15B, reflecting a YoY change of 7.77%, and net profit of 486.60M, showing a YoY change of 8.59%. 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.
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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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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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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Where does Targa Resources (TRGP) generate its revenue? Explore its key revenue streams and top earning regions.
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Track Targa Resources (TRGP) Dividend Yield, Payout Ratio & Sustainability Through Its Dividend History
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Dividend Yield