Targa Resources (TRGP) Revenue & Revenue Breakdown
Targa Resources Revenue Highlights
Latest Revenue (Y)
$16.06B
Latest Revenue (Q)
$3.56B
Main Segment (Y)
Product
Main Geography (Y)
Logistics And Transportation
Targa Resources Revenue by Period
Targa Resources Revenue by Year
| Date | Revenue | Change |
|---|---|---|
| 2023-12-31 | $16.06B | -23.27% |
| 2022-12-31 | $20.93B | 23.48% |
| 2021-12-31 | $16.95B | 105.20% |
| 2020-12-31 | $8.26B | -4.74% |
| 2019-12-31 | $8.67B | -17.29% |
| 2018-12-31 | $10.48B | 18.93% |
| 2017-12-31 | $8.81B | 31.74% |
| 2016-12-31 | $6.69B | 0.49% |
| 2015-12-31 | $6.66B | -22.72% |
| 2014-12-31 | $8.62B | 31.43% |
| 2013-12-31 | $6.56B | 11.39% |
| 2012-12-31 | $5.89B | -15.85% |
| 2011-12-31 | $6.99B | 27.89% |
| 2010-12-31 | $5.47B | 20.57% |
| 2009-12-31 | $4.54B | -43.29% |
| 2008-12-31 | $8.00B | - |
Targa Resources generated $16.06B in revenue during NA 2023, up -23.27% compared to the previous quarter, and up 153.19% compared to the same period a year ago.
Targa Resources Revenue by Quarter
| Date | Revenue | Change |
|---|---|---|
| 2024-06-30 | $3.56B | -22.52% |
| 2024-03-31 | $4.60B | 8.64% |
| 2023-12-31 | $4.23B | 8.60% |
| 2023-09-30 | $3.90B | 14.48% |
| 2023-06-30 | $3.40B | -24.71% |
| 2023-03-31 | $4.52B | -0.75% |
| 2022-12-31 | $4.55B | -15.02% |
| 2022-09-30 | $5.36B | -11.49% |
| 2022-06-30 | $6.06B | 22.11% |
| 2022-03-31 | $4.96B | -8.87% |
| 2021-12-31 | $5.44B | 22.02% |
| 2021-09-30 | $4.46B | 30.56% |
| 2021-06-30 | $3.42B | -5.97% |
| 2021-03-31 | $3.63B | 41.20% |
| 2020-12-31 | $2.57B | 21.64% |
| 2020-09-30 | $2.12B | 38.83% |
| 2020-06-30 | $1.52B | -25.64% |
| 2020-03-31 | $2.05B | -17.18% |
| 2019-12-31 | $2.47B | 30.03% |
| 2019-09-30 | $1.90B | -4.65% |
| 2019-06-30 | $2.00B | -13.23% |
| 2019-03-31 | $2.30B | -11.48% |
| 2018-12-31 | $2.60B | -13.02% |
| 2018-09-30 | $2.99B | 22.17% |
| 2018-06-30 | $2.44B | -0.46% |
| 2018-03-31 | $2.46B | -9.15% |
| 2017-12-31 | $2.70B | 26.78% |
| 2017-09-30 | $2.13B | 14.14% |
| 2017-06-30 | $1.87B | -11.59% |
| 2017-03-31 | $2.11B | 4.97% |
| 2016-12-31 | $2.01B | 21.81% |
| 2016-09-30 | $1.65B | 4.34% |
| 2016-06-30 | $1.58B | 9.79% |
| 2016-03-31 | $1.44B | -12.44% |
| 2015-12-31 | $1.65B | 0.94% |
| 2015-09-30 | $1.63B | -3.96% |
| 2015-06-30 | $1.70B | 1.17% |
| 2015-03-31 | $1.68B | -17.37% |
| 2014-12-31 | $2.03B | -11.17% |
| 2014-09-30 | $2.29B | 10.98% |
| 2014-06-30 | $2.06B | -12.37% |
| 2014-03-31 | $2.35B | 8.94% |
| 2013-12-31 | $2.16B | 38.73% |
| 2013-09-30 | $1.56B | 7.99% |
| 2013-06-30 | $1.44B | 3.13% |
| 2013-03-31 | $1.40B | -8.48% |
| 2012-12-31 | $1.53B | 9.60% |
| 2012-09-30 | $1.39B | 5.64% |
| 2012-06-30 | $1.32B | -19.85% |
| 2012-03-31 | $1.65B | -14.90% |
| 2011-12-31 | $1.93B | 12.86% |
| 2011-09-30 | $1.71B | -0.82% |
| 2011-06-30 | $1.73B | 6.77% |
| 2011-03-31 | $1.62B | 5.95% |
| 2010-12-31 | $1.53B | 25.18% |
| 2010-09-30 | $1.22B | -1.62% |
| 2010-06-30 | $1.24B | -16.41% |
| 2010-03-31 | $1.48B | 6.66% |
| 2009-12-31 | $1.39B | 23.58% |
| 2009-09-30 | $1.13B | - |
Targa Resources generated $3.56B in revenue during Q2 2024, up -22.52% compared to the previous quarter, and up 78.80% compared to the same period a year ago.
Targa Resources Revenue Breakdown
Targa Resources Revenue Breakdown by Product
Annual Revenue by Product
| Product/Service | Dec 23 | Dec 22 | Dec 21 | Dec 20 | Dec 19 |
|---|---|---|---|---|---|
| Oil and Condensate | $519.50M | $565.30M | - | - | - |
| Service | $2.10B | $1.86B | $1.35B | $1.09B | $1.28B |
| Storage Terminaling And Export | $440.70M | $372.20M | $379.70M | $401.90M | $356.40M |
| Product | $13.96B | $19.07B | $15.60B | $7.17B | $7.39B |
| Gathering And Processing Fees | $1.34B | $1.14B | $730.30M | $476.00M | $722.40M |
| Midstream Services Other | $53.60M | $69.30M | $46.70M | $48.30M | $29.10M |
| N G L Transportation Fractionation And Services | $261.10M | $285.10M | $190.60M | $163.10M | $169.40M |
| Natural Gas Liquids | $10.58B | $13.79B | - | - | - |
| Natural Gas | $2.42B | $5.47B | - | - | - |
| Natural Gas Liquids Reserves | - | - | $12.21B | $5.18B | $5.23B |
| Natural Gas Reserves | - | - | $3.52B | $1.36B | $1.32B |
| Oil And Condensate | - | - | $358.40M | $264.00M | $716.10M |
| Petroleum Products | - | - | - | $69.80M | $126.30M |
Targa Resources's latest annual revenue breakdown by segment (product or service), as of Dec 23: Product (44.07%), Natural Gas Liquids (33.40%), Natural Gas (7.64%), Service (6.62%), Gathering And Processing Fees (4.24%), Oil and Condensate (1.64%), Storage Terminaling And Export (1.39%), N G L Transportation Fractionation And Services (0.82%), and Midstream Services Other (0.17%).
Quarterly Revenue by Product
| Product/Service | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gathering And Processing | $385.70M | $405.90M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Storage Terminaling And Export | - | $125.70M | $138.30M | $102.20M | $91.40M | $108.80M | $86.90M | $82.50M | $101.90M | $100.90M | $106.60M | $87.70M | $96.50M | $88.80M | $116.40M | $96.60M | $89.10M | $99.70M | $101.70M | $84.60M |
| Product | - | $3.95B | $3.65B | $3.37B | $2.91B | $4.03B | $4.08B | $4.80B | $5.62B | $4.57B | $5.03B | $4.12B | $3.09B | $3.37B | $2.27B | $1.84B | $1.28B | $1.78B | $1.59B | - |
| Service | - | $609.40M | $591.30M | $522.30M | $489.10M | $495.50M | $479.50M | $559.80M | $431.60M | $392.90M | $416.40M | $341.60M | $324.30M | $265.00M | $302.60M | $274.30M | $242.90M | $269.20M | $334.90M | $308.30M |
| Oil and Condensate | - | $137.20M | $247.70M | $117.70M | $154.10M | $124.30M | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Natural Gas | - | $494.60M | $1.40B | $606.00M | $413.80M | $1.23B | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Natural Gas Liquids | - | $3.36B | $5.79B | $2.64B | $2.15B | $2.74B | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| N G L Transportation Fractionation And Services | - | $63.00M | $70.50M | $71.10M | $63.40M | $56.10M | $70.00M | $82.30M | $66.90M | $65.80M | $52.10M | $45.80M | $45.60M | $47.20M | $46.40M | $43.80M | $32.90M | $40.60M | - | - |
| Midstream Services Other | - | $14.80M | $5.90M | $15.70M | $16.90M | $15.10M | $15.00M | $18.60M | $15.70M | $20.20M | $13.10M | $6.80M | $14.20M | $12.70M | $10.90M | $10.20M | $13.50M | $13.00M | $7.10M | $6.30M |
| Gathering And Processing Fees | - | $405.90M | $376.60M | $333.30M | $317.40M | $315.50M | $307.60M | $376.40M | $247.10M | $206.00M | $244.60M | $201.30M | $168.00M | $116.30M | $128.90M | $123.70M | $107.40M | $115.90M | $178.70M | $171.60M |
| Natural Gas Reserves | - | - | - | - | - | $816.10M | $1.75B | $1.53B | $964.30M | $1.15B | $916.10M | $613.80M | $841.40M | $465.10M | $351.10M | $269.70M | $273.30M | - | - | - |
| Natural Gas Liquids Reserves | - | - | - | - | - | $2.86B | $3.15B | $4.10B | $3.81B | $3.93B | $3.19B | $2.50B | $2.59B | $1.80B | $1.31B | $908.20M | $1.16B | - | - | - |
| Oil And Condensate | - | - | - | - | - | $121.20M | $150.00M | $172.80M | $118.10M | $102.20M | $100.70M | $88.90M | $66.60M | $46.20M | $54.40M | $27.60M | $135.70M | - | - | - |
| Petroleum Products | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $13.20M | $6.80M | $49.80M | $11.50M | - |
| Ngl Sales | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $1.16B |
| N G L Transportation And Services | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $45.80M |
| Condensate And Crude Oil Sales | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $178.70M |
| Natural Gas Sales | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $305.30M |
Targa Resources's latest quarterly revenue breakdown by segment (product or service), as of Jun 24: Gathering And Processing (100.00%).
Targa Resources Revenue Breakdown by Country
Annual Revenue by Country
| Country | Dec 23 | Dec 22 | Dec 21 | Dec 20 | Dec 19 |
|---|---|---|---|---|---|
| Gathering And Processing | $7.23B | $11.25B | $7.43B | $3.33B | $4.47B |
| Logistics And Transportation | $13.66B | $19.74B | $16.16B | $7.12B | $7.12B |
Targa Resources's latest annual revenue breakdown by geography, as of Dec 23: Logistics And Transportation (65.38%), and Gathering And Processing (34.62%).
Quarterly Revenue by Country
| Country | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Logistics And Transportation | $3.00B | $3.95B | $3.65B | $3.42B | $2.76B | $3.83B | $4.04B | $5.08B | $5.69B | $4.93B | $5.23B | $4.20B | $3.27B | $3.46B | $2.35B | $1.81B | $1.32B | $1.64B | $2.08B | $1.58B |
| Gathering And Processing | $1.52B | $1.81B | $1.84B | $1.87B | $1.57B | $1.96B | $2.37B | $3.33B | $3.17B | $2.38B | $2.54B | $2.15B | $1.50B | $1.23B | $1.01B | $875.50M | $634.20M | $806.90M | $1.25B | $963.30M |
Targa Resources's latest quarterly revenue breakdown by geography, as of Jun 24: Logistics And Transportation (66.36%), and Gathering And Processing (33.64%).
Targa Resources Peer Comparison by Revenue
TRGP Revenue FAQ
What is Targa Resources’s yearly revenue?
Targa Resources's yearly revenue for 2023 was $16.06B, representing a decrease of -23.27% compared to 2022. The company's yearly revenue for 2022 was $20.93B, representing an increase of 23.48% compared to 2021. TRGP's yearly revenue for 2021 was $16.95B, representing an increase of 105.20% compared to 2020.
What is Targa Resources’s quarterly revenue?
Targa Resources's quarterly revenue for Q2 2024 was $3.56B, a -22.52% decrease from the previous quarter (Q1 2024), and a 4.65% increase year-over-year (Q2 2023). The company's quarterly revenue for Q1 2024 was $4.6B, a 8.64% increase from the previous quarter (Q4 2023), and a 1.70% increase year-over-year (Q1 2023). TRGP's quarterly revenue for Q4 2023 was $4.23B, a 8.60% increase from the previous quarter (Q3 2023), and a -7.09% decrease year-over-year (Q4 2022).
What is Targa Resources’s revenue growth rate?
Targa Resources's revenue growth rate for the last 3 years (2021-2023) was -5.25%, and for the last 5 years (2019-2023) was 85.22%.
What are Targa Resources’s revenue streams?
Targa Resources's revenue streams in c 23 are Oil and Condensate, Service, Storage Terminaling And Export, Product, Gathering And Processing Fees, Midstream Services Other, N G L Transportation Fractionation And Services, Natural Gas Liquids, and Natural Gas. Oil and Condensate generated $519.5M in revenue, accounting 1.64% of the company's total revenue, down -8.10% year-over-year. Service generated $2.1B in revenue, accounting 6.62% of the company's total revenue, up 12.58% year-over-year. Storage Terminaling And Export generated $440.7M in revenue, accounting 1.39% of the company's total revenue, up 18.40% year-over-year. Product generated $13.96B in revenue, accounting 44.07% of the company's total revenue, down -26.77% year-over-year. Gathering And Processing Fees generated $1.34B in revenue, accounting 4.24% of the company's total revenue, up 18.08% year-over-year. Midstream Services Other generated $53.6M in revenue, accounting 0.17% of the company's total revenue, down -22.66% year-over-year. N G L Transportation Fractionation And Services generated $261.1M in revenue, accounting 0.82% of the company's total revenue, down -8.42% year-over-year. Natural Gas Liquids generated $10.58B in revenue, accounting 33.40% of the company's total revenue, down -23.25% year-over-year. Natural Gas generated $2.42B in revenue, accounting 7.64% of the company's total revenue, down -55.74% year-over-year.
What is Targa Resources’s main source of revenue?
For the fiscal year ending Dec 23, the largest source of revenue of Targa Resources was Product. This segment made a revenue of $13.96B, representing 44.07% of the company's total revenue.