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Targa Resources (TRGP) Revenue & Revenue Breakdown

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Targa Resources Revenue Highlights

Latest Revenue (Y)

$16.06B

Latest Revenue (Q)

$3.85B

Main Segment (Y)

Product

Main Geography (Y)

Logistics And Transportation

Targa Resources Revenue by Period

Targa Resources Revenue by Year

DateRevenueChange
2023-12-31$16.06B-23.27%
2022-12-31$20.93B23.48%
2021-12-31$16.95B105.20%
2020-12-31$8.26B-4.74%
2019-12-31$8.67B-17.29%
2018-12-31$10.48B18.93%
2017-12-31$8.81B31.74%
2016-12-31$6.69B0.49%
2015-12-31$6.66B-22.72%
2014-12-31$8.62B31.43%
2013-12-31$6.56B11.39%
2012-12-31$5.89B-15.85%
2011-12-31$6.99B27.89%
2010-12-31$5.47B20.57%
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

DateRevenueChange
2024-09-30$3.85B6.44%
2024-06-30$3.62B-21.29%
2024-03-31$4.60B8.64%
2023-12-31$4.23B8.60%
2023-09-30$3.90B14.48%
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$6.06B22.11%
2022-03-31$4.96B-8.87%
2021-12-31$5.44B22.02%
2021-09-30$4.46B30.56%
2021-06-30$3.42B-5.97%
2021-03-31$3.63B41.20%
2020-12-31$2.57B21.64%
2020-09-30$2.12B38.83%
2020-06-30$1.52B-25.64%
2020-03-31$2.05B-17.18%
2019-12-31$2.47B30.03%
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$2.99B22.17%
2018-06-30$2.44B-0.46%
2018-03-31$2.46B-9.15%
2017-12-31$2.70B26.78%
2017-09-30$2.13B14.14%
2017-06-30$1.87B-11.59%
2017-03-31$2.11B4.97%
2016-12-31$2.01B21.81%
2016-09-30$1.65B4.34%
2016-06-30$1.58B9.79%
2016-03-31$1.44B-12.44%
2015-12-31$1.65B0.94%
2015-09-30$1.63B-3.96%
2015-06-30$1.70B1.17%
2015-03-31$1.68B-17.37%
2014-12-31$2.03B-11.17%
2014-09-30$2.29B10.98%
2014-06-30$2.06B-12.37%
2014-03-31$2.35B8.94%
2013-12-31$2.16B38.73%
2013-09-30$1.56B7.99%
2013-06-30$1.44B3.13%
2013-03-31$1.40B-8.48%
2012-12-31$1.53B9.60%
2012-09-30$1.39B5.64%
2012-06-30$1.32B-19.85%
2012-03-31$1.65B-14.90%
2011-12-31$1.93B12.86%
2011-09-30$1.71B-0.82%
2011-06-30$1.73B6.77%
2011-03-31$1.62B5.95%
2010-12-31$1.53B25.18%
2010-09-30$1.22B-1.62%
2010-06-30$1.24B-16.41%
2010-03-31$1.48B6.66%
2009-12-31$1.39B23.58%
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/ServiceDec 23Dec 22Dec 21Dec 20Dec 19
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---
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
Natural Gas Reserves--$3.52B$1.36B$1.32B
Oil And Condensate--$358.40M$264.00M$716.10M
Natural Gas Liquids Reserves--$12.21B$5.18B$5.23B
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/ServiceSep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19
Logistics And Transportation$3.22B-------------------
Gathering And Processing$1.57B$385.70M$405.90M-----------------
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
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-
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
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
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
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 Sep 24: Logistics And Transportation (67.30%), and Gathering And Processing (32.70%).

Targa Resources Revenue Breakdown by Country

Annual Revenue by Country

CountryDec 23Dec 22Dec 21Dec 20Dec 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

CountrySep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19
Gathering And Processing$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$1.25B
Logistics And Transportation$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$2.08B

Targa Resources's latest quarterly revenue breakdown by geography, as of Sep 24: Logistics And Transportation (67.30%), and Gathering And Processing (32.70%).

Targa Resources Peer Comparison by Revenue

TickerCompanyLast Year RevenueLast Quarter Revenue
PAAPlains All American Pipeline$48.74B$12.74B
PAGPPlains GP$48.71B$12.74B
TRGPTarga Resources$16.06B$3.85B
MPLXMPLX LP$10.68B$2.97B
ENLCEnLink Midstream$6.88B$1.61B
WESWestern Midstream Partners, LP$3.11B$905.63M
HESMHess Midstream LP$1.35B$378.50M

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 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 (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 Product, Gathering And Processing Fees, Midstream Services Other, N G L Transportation Fractionation And Services, Natural Gas Liquids, Natural Gas, Oil and Condensate, Service, and Storage Terminaling And Export. 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. 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.

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.