For Q1 FY2026 (ended March 31, 2026), Targa Resources reported revenue of $4,094.7 million, down 10.2% year-over-year. Net income surged 77.3% to $479.6 million, while operating income rose 55.9% to $846.9 million. Diluted EPS increased 142.9% to $2.21. The company had $100.1 million in cash, $3,136.5 million in equity, and $19,131.8 million in long-term debt.
•Revenue decreased 10.2% YoY to $4,094.7 million.
•Net income rose 77.3% to $479.6 million.
•Diluted EPS more than doubled to $2.21.
•Long-term debt stood at $19.13 billion.
Informational summary based on SEC XBRL figures · generated by deepseek-v4-flash. Not investment advice.
Targa Resources Corp., together with its subsidiaries, owns, operates acquires, and develops a portfolio of complementary domestic infrastructure assets in North America. It operates in two segments, Gathering and Processing, and Logistics and Transportation.
The company is involved in gathering, compressing, treating, processing, transporting, and selling natural gas. Its portfolio also includes storing, fractionating, treating, transporting, and selling natural gas liquids (NGL) and NGL products Including services to liquefied petroleum gas exporters, and gathering, storing, terminaling, purchasing, and selling crude oil.
It is involved in the purchase and resale of NGL products; and sale of propane, as well as provision of related logistics services to multi-state retailers, independent retailers, and end-users NGL balancing services; and transportation services to refineries and petrochemical companies in the Gulf Coast area, as well as purchases, markets, and resells natural gas. It also leased and owned railcars, tractors, vacuum trucks and pressurized NGL barges. Incorporated in 2005, Targa Resources is headquartered in Houston, Texas.
Targa Resources Corp. owns, operates, acquires, and develops a portfolio of complementary domestic infrastructure assets in North America. It operates through two segments: Gathering and Processing, and Logistics and Transportation. The company gathers, compresses, treats, processes, transports, and sells natural gas. It also stores, fractionates, treats, transports, and sells natural gas liquids (NGL) and NGL products, including services to liquefied petroleum gas exporters. Additionally, Targa gathers, stores, terminals, purchases, and sells crude oil. It is involved in the purchase and resale of NGL products, sale of propane, and provision of related logistics services to multi-state retailers, independent retailers, and end-users. The company also provides NGL balancing services and transportation services to refineries and petrochemical companies in the Gulf Coast area, and purchases, markets, and resells natural gas.
Where is Targa Resources Corp. listed and what currency does it trade in?
Targa Resources Corp. is listed on the New York Stock Exchange (NYSE) under the ticker symbol TRGP. The company trades in United States Dollars (USD). As a US-based company, its financial reporting and stock trading are conducted in USD, making it accessible to investors on major US exchanges.
What sector and industry does Targa Resources Corp. operate in?
Targa Resources Corp. operates in the Energy sector, specifically within the Oil & Gas Midstream industry. This means the company is involved in the transportation, storage, and processing of oil and gas products, acting as a critical link between upstream producers and downstream consumers. Its midstream activities include gathering, processing, and fractionating natural gas and natural gas liquids, as well as crude oil gathering and terminaling.
Where is Targa Resources Corp. headquartered and what markets does it serve?
Targa Resources Corp. is headquartered in Houston, Texas, United States. The company serves markets primarily in North America, with a focus on the Gulf Coast area. Its infrastructure assets are domestic, covering natural gas gathering and processing, NGL logistics, and crude oil services. The company provides transportation services to refineries and petrochemical companies in the Gulf Coast, and sells propane and other NGL products to multi-state retailers, independent retailers, and end-users across the region.
How does Targa Resources Corp. make money?
Targa Resources Corp. generates revenue through its two segments: Gathering and Processing, and Logistics and Transportation. In the Gathering and Processing segment, it earns fees for gathering, compressing, treating, processing, and transporting natural gas. The Logistics and Transportation segment generates revenue from storing, fractionating, treating, transporting, and selling NGL and NGL products, including services to liquefied petroleum gas exporters. Additionally, the company profits from purchasing and reselling NGL products, selling propane, and providing logistics services. It also earns from crude oil gathering, storing, terminaling, and purchasing and selling crude oil, as well as from leasing railcars, tractors, vacuum trucks, and pressurized NGL barges.