Targa Resources (TRGP) Revenue & Revenue Breakdown

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Targa Resources Revenue Highlights

Latest Revenue (Y)

$16.38B

Latest Revenue (Q)

$3.85B

Main Segment (Y)

Logistics And Transportation

Main Geography (Y)

Logistics And Transportation

Targa Resources Revenue by Period

Targa Resources Revenue by Year

Date	Revenue	Change
2024-12-31	$16.38B	2.00%
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 $16.38B in revenue during NA 2024, up 2.00% compared to the previous quarter, and up 188.92% compared to the same period a year ago.

Targa Resources Revenue by Quarter

Date	Revenue	Change
2024-09-30	$3.85B	6.44%
2024-06-30	$3.62B	-21.29%
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 $3.85B in revenue during Q3 2024, up 6.44% compared to the previous quarter, and up 113.17% 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 24	Dec 23	Dec 22	Dec 21	Dec 20
Logistics And Transportation	$14.03B	-	-	-	-
Gathering And Processing	$6.81B	$1.34B	-	-	-
Storage Terminaling And Export	-	$440.70M	$372.20M	$379.70M	$401.90M
Gathering And Processing Fees	-	$1.34B	$1.14B	$730.30M	$476.00M
Midstream Services Other	-	$53.60M	$69.30M	$46.70M	$48.30M
N G L Transportation Fractionation And Services	-	$261.10M	$285.10M	$190.60M	$163.10M
Natural Gas Liquids	-	$10.58B	$13.79B	-	-
Natural Gas	-	$2.42B	$5.47B	-	-
Oil and Condensate	-	$519.50M	$565.30M	-	-
Service	-	$2.10B	$1.86B	$1.35B	$1.09B
Product	-	$13.96B	$19.07B	$15.60B	$7.17B
Oil And Condensate	-	-	-	$358.40M	$264.00M
Natural Gas Reserves	-	-	-	$3.52B	$1.36B
Natural Gas Liquids Reserves	-	-	-	$12.21B	$5.18B
Petroleum Products	-	-	-	-	$69.80M

Targa Resources's latest annual revenue breakdown by segment (product or service), as of Dec 24: Logistics And Transportation (67.33%), and Gathering And Processing (32.67%).

Quarterly Revenue by Product

Product/Service	Dec 24	Sep 24	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
Gathering And Processing	$4.45B	$1.57B	$385.70M	$405.90M	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Logistics And Transportation	$10.81B	$3.22B	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
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
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
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
Natural Gas Liquids	-	-	-	$3.36B	$5.79B	$2.64B	$2.15B	$2.74B	-	-	-	-	-	-	-	-	-	-	-	-
Natural Gas	-	-	-	$494.60M	$1.40B	$606.00M	$413.80M	$1.23B	-	-	-	-	-	-	-	-	-	-	-	-
Oil and Condensate	-	-	-	$137.20M	$247.70M	$117.70M	$154.10M	$124.30M	-	-	-	-	-	-	-	-	-	-	-	-
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
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
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
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	-
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	-
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

Targa Resources's latest quarterly revenue breakdown by segment (product or service), as of Dec 24: Logistics And Transportation (70.83%), and Gathering And Processing (29.17%).

Targa Resources Revenue Breakdown by Country

Annual Revenue by Country

Country	Dec 24	Dec 23	Dec 22	Dec 21	Dec 20
Gathering And Processing	$6.81B	$7.23B	$11.25B	$7.43B	$3.33B
Logistics And Transportation	$14.03B	$13.66B	$19.74B	$16.16B	$7.12B

Targa Resources's latest annual revenue breakdown by geography, as of Dec 24: Logistics And Transportation (67.33%), and Gathering And Processing (32.67%).

Quarterly Revenue by Country

Country	Dec 24	Sep 24	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
Logistics And Transportation	$3.86B	$3.22B	$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
Gathering And Processing	$1.91B	$1.57B	$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

Targa Resources's latest quarterly revenue breakdown by geography, as of Dec 24: Logistics And Transportation (66.90%), and Gathering And Processing (33.10%).

Targa Resources Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
PAGP	Plains GP	$50.07B	$12.74B
PAA	Plains All American Pipeline	$50.07B	$12.74B
TRGP	Targa Resources	$16.38B	$3.85B
MPLX	MPLX LP	$11.93B	$2.97B
WES	Western Midstream Partners, LP	$3.61B	$905.63M
HESM	Hess Midstream LP	$1.50B	$378.50M

TRGP Revenue FAQ

What is Targa Resources’s yearly revenue?

Targa Resources's yearly revenue for 2024 was $16.38B, representing an increase of 2.00% compared to 2023. The company's yearly revenue for 2023 was $16.06B, representing a decrease of -23.27% compared to 2022. TRGP's yearly revenue for 2022 was $20.93B, representing an increase of 23.48% compared to 2021.

What is Targa Resources’s quarterly revenue?

Targa Resources's quarterly revenue for Q3 2024 was $3.85B, a 6.44% increase from the previous quarter (Q2 2024), and a -1.15% decrease year-over-year (Q3 2023). The company's quarterly revenue for Q2 2024 was $3.62B, a -21.29% decrease from the previous quarter (Q1 2024), and a 6.31% increase year-over-year (Q2 2023). TRGP'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).

What is Targa Resources’s revenue growth rate?

Targa Resources's revenue growth rate for the last 3 years (2022-2024) was -21.73%, and for the last 5 years (2020-2024) was 98.32%.

What are Targa Resources’s revenue streams?

Targa Resources's revenue streams in c 24 are Logistics And Transportation, and Gathering And Processing. Logistics And Transportation generated $14.03B in revenue, accounting 67.33% of the company's total revenue Gathering And Processing generated $6.81B in revenue, accounting 32.67% of the company's total revenue, up 407.03% year-over-year.

What is Targa Resources’s main source of revenue?

For the fiscal year ending Dec 24, the largest source of revenue of Targa Resources was Logistics And Transportation. This segment made a revenue of $14.03B, representing 67.33% of the company's total revenue.