Targa Resources Corp. reported revenue of $4.44B for the period ended 2026-06-30, +4.2% year on year. Net income was $0.76B, a 17.2% net margin on a 48.2% gross margin. The largest revenue line is Natural Gas Liquids Reserves at 85% of the total. Free cash flow for the period was $0.43B.
| Item | Amount | Y/Y |
|---|---|---|
| Revenue | $4.44B | +4.2% |
| Gross profit | $2.14B | — |
| Operating income | $1.23B | — |
| Net income | $0.76B | +21.5% |
| Gross margin | 48.2% | Net margin 17.2% |
| Revenue Q/Q | +8.4% | — |
| Segment | Revenue | Share |
|---|---|---|
| Natural Gas Liquids Reserves | $3.76B | 84.7% |
| Gathering And Processing Fees | $0.55B | 12.5% |
| Oil And Condensate | $0.20B | 4.6% |
| Storage Terminaling And Export | $0.16B | 3.7% |
| NGLTransportation Fractionation And Services | $0.12B | 2.7% |
| Midstream Services Other | $0.01B | 0.3% |
| Natural Gas Reserves | $-0.31B | -7.0% |
| Item | Amount | % of revenue |
|---|---|---|
| Cost of revenue | $2.30B | 51.8% |
| SG&A | $0.11B | 2.4% |
| Tax & other | $0.47B | 10.6% |
| Item | Amount |
|---|---|
| Total assets | $28.52B |
| Total liabilities | $24.72B |
| Shareholders' equity | $3.80B |
| Equity / assets | 13.3% |
| Operating cash flow | $1.44B |
| Capital expenditure | $1.01B |
| Free cash flow | $0.43B |
| Cash conversion (OCF / net income) | 189% |
The Sankey chart shows how revenue splits into cost of revenue, R&D and SG&A, and what remains as profit — clean visuals for research decks and social posts.
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Source: SEC EDGAR · This page shows public filing data only, not investment advice. · Browse all companies