Targa Historical Income Statement

TRGP Stock

USD 205.57 0.61 0.30%

Historical analysis of Targa Resources income statement accounts such as Gross Profit of 4.5 B, Other Operating Expenses of 9.8 B, Operating Income of 2.8 B or Ebit of 2.8 B can show how well Targa Resources performed in making a profits. Evaluating Targa Resources income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Targa Resources's future profits or losses.

Cash Flow Balance Sheet Income Statement

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Financial Statement Analysis is much more than just reviewing and examining Targa Resources latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Targa Resources is a good buy for the upcoming year.

Net Income Gross Profit

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Targa Resources. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

To learn how to invest in Targa Stock, please use our How to Invest in Targa Resources guide.

About Targa Income Statement Analysis

Targa Resources Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Targa Resources shareholders. The income statement also shows Targa investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

Targa Resources Income Statement Chart

At this time, Targa Resources' Net Income Applicable To Common Shares is relatively stable compared to the past year. As of 03/26/2025, Net Income is likely to grow to about 1.3 B, while Other Operating Expenses is likely to drop slightly above 9.8 B.

Selling General Administrative Total Revenue Gross Profit Other Operating Expenses Net Interest Income

Total Revenue

Total revenue comprises all receipts Targa Resources generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Targa Resources minus its cost of goods sold. It is profit before Targa Resources operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Targa Resources. It is also known as Targa Resources overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Net Interest Income

The difference between the revenue generated from a bank's interest-bearing assets and the expenses associated with paying its interest-bearing liabilities.

Most accounts from Targa Resources' income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Targa Resources current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Targa Resources. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

To learn how to invest in Targa Stock, please use our How to Invest in Targa Resources guide.At this time, Targa Resources' Net Income Applicable To Common Shares is relatively stable compared to the past year. As of 03/26/2025, Net Income is likely to grow to about 1.3 B, while Other Operating Expenses is likely to drop slightly above 9.8 B.

	2022	2023	2024	2025 (projected)
Interest Expense	446.1M	687.8M	767.2M	805.6M
Depreciation And Amortization	1.1B	1.3B	1.4B	1.5B

Interest Expense Depreciation And Amortization

Targa Resources income statement Correlations

	Depreciation And Amortization	Interest Expense	Selling General Administrative	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Ebit	Ebitda	Cost Of Revenue	Total Operating Expenses	Income Before Tax	Total Other Income Expense Net	Net Income	Income Tax Expense	Minority Interest	Net Income From Continuing Ops	Non Operating Income Net Other	Non Recurring	Tax Provision	Interest Income	Net Interest Income	Reconciled Depreciation	Extraordinary Items	Selling And Marketing Expenses
Depreciation And Amortization		0.88	0.64	0.68	0.92	0.62	0.84	0.51	0.76	0.6	0.65	0.68	-0.59	0.64	0.72	-0.28	0.65	0.84	0.34	0.7	0.65	-0.91	0.8	-0.61	-0.61
Interest Expense	0.88		0.79	0.64	0.98	0.58	0.8	0.75	0.89	0.55	0.81	0.69	-0.84	0.7	0.66	-0.25	0.68	0.91	0.25	0.64	0.73	-0.97	0.9	-0.72	-0.72
Selling General Administrative	0.64	0.79		0.79	0.8	0.74	0.65	0.67	0.74	0.7	0.98	0.49	-0.75	0.5	0.39	-0.09	0.5	0.72	0.22	0.36	0.73	-0.73	0.83	-0.27	-0.27
Total Revenue	0.68	0.64	0.79		0.72	0.99	0.5	0.61	0.72	0.99	0.78	0.66	-0.4	0.65	0.47	-0.28	0.69	0.68	0.02	0.45	0.61	-0.67	0.7	-0.18	-0.18
Gross Profit	0.92	0.98	0.8	0.72		0.66	0.83	0.74	0.9	0.63	0.81	0.74	-0.76	0.72	0.71	-0.33	0.73	0.93	0.26	0.69	0.69	-0.97	0.91	-0.69	-0.69
Other Operating Expenses	0.62	0.58	0.74	0.99	0.66		0.43	0.6	0.68	1.0	0.73	0.64	-0.34	0.63	0.42	-0.25	0.67	0.63	-0.03	0.41	0.55	-0.6	0.63	-0.15	-0.15
Operating Income	0.84	0.8	0.65	0.5	0.83	0.43		0.29	0.53	0.4	0.67	0.34	-0.55	0.26	0.44	-0.37	0.3	0.72	0.72	0.42	0.68	-0.77	0.69	-0.5	-0.5
Ebit	0.51	0.75	0.67	0.61	0.74	0.6	0.29		0.95	0.58	0.68	0.84	-0.7	0.89	0.64	-0.16	0.87	0.78	-0.36	0.62	0.38	-0.75	0.79	-0.59	-0.59
Ebitda	0.76	0.89	0.74	0.72	0.9	0.68	0.53	0.95		0.66	0.75	0.89	-0.75	0.91	0.75	-0.22	0.9	0.91	-0.15	0.73	0.53	-0.91	0.9	-0.67	-0.67
Cost Of Revenue	0.6	0.55	0.7	0.99	0.63	1.0	0.4	0.58	0.66		0.69	0.64	-0.3	0.62	0.41	-0.26	0.67	0.6	-0.06	0.4	0.52	-0.58	0.59	-0.13	-0.13
Total Operating Expenses	0.65	0.81	0.98	0.78	0.81	0.73	0.67	0.68	0.75	0.69		0.5	-0.76	0.51	0.4	-0.09	0.51	0.74	0.23	0.37	0.75	-0.75	0.85	-0.28	-0.28
Income Before Tax	0.68	0.69	0.49	0.66	0.74	0.64	0.34	0.84	0.89	0.64	0.5		-0.44	0.98	0.89	-0.34	0.99	0.83	-0.38	0.87	0.36	-0.8	0.79	-0.58	-0.58
Total Other Income Expense Net	-0.59	-0.84	-0.75	-0.4	-0.76	-0.34	-0.55	-0.7	-0.75	-0.3	-0.76	-0.44		-0.53	-0.42	-0.13	-0.44	-0.63	-0.12	-0.39	-0.65	0.75	-0.73	0.57	0.57
Net Income	0.64	0.7	0.5	0.65	0.72	0.63	0.26	0.89	0.91	0.62	0.51	0.98	-0.53		0.83	-0.24	0.98	0.78	-0.45	0.81	0.36	-0.78	0.78	-0.57	-0.57
Income Tax Expense	0.72	0.66	0.39	0.47	0.71	0.42	0.44	0.64	0.75	0.41	0.4	0.89	-0.42	0.83		-0.26	0.82	0.75	-0.23	0.99	0.28	-0.77	0.74	-0.61	-0.61
Minority Interest	-0.28	-0.25	-0.09	-0.28	-0.33	-0.25	-0.37	-0.16	-0.22	-0.26	-0.09	-0.34	-0.13	-0.24	-0.26		-0.34	-0.32	-0.18	-0.25	-0.18	0.34	-0.27	0.25	0.25
Net Income From Continuing Ops	0.65	0.68	0.5	0.69	0.73	0.67	0.3	0.87	0.9	0.67	0.51	0.99	-0.44	0.98	0.82	-0.34		0.82	-0.4	0.81	0.37	-0.78	0.78	-0.55	-0.55
Non Operating Income Net Other	0.84	0.91	0.72	0.68	0.93	0.63	0.72	0.78	0.91	0.6	0.74	0.83	-0.63	0.78	0.75	-0.32	0.82		0.12	0.74	0.62	-0.94	0.92	-0.68	-0.68
Non Recurring	0.34	0.25	0.22	0.02	0.26	-0.03	0.72	-0.36	-0.15	-0.06	0.23	-0.38	-0.12	-0.45	-0.23	-0.18	-0.4	0.12		-0.23	0.36	-0.16	0.07	-0.07	-0.07
Tax Provision	0.7	0.64	0.36	0.45	0.69	0.41	0.42	0.62	0.73	0.4	0.37	0.87	-0.39	0.81	0.99	-0.25	0.81	0.74	-0.23		0.27	-0.76	0.71	-0.65	-0.65
Interest Income	0.65	0.73	0.73	0.61	0.69	0.55	0.68	0.38	0.53	0.52	0.75	0.36	-0.65	0.36	0.28	-0.18	0.37	0.62	0.36	0.27		-0.74	0.73	-0.29	-0.29
Net Interest Income	-0.91	-0.97	-0.73	-0.67	-0.97	-0.6	-0.77	-0.75	-0.91	-0.58	-0.75	-0.8	0.75	-0.78	-0.77	0.34	-0.78	-0.94	-0.16	-0.76	-0.74		-0.94	0.72	0.72
Reconciled Depreciation	0.8	0.9	0.83	0.7	0.91	0.63	0.69	0.79	0.9	0.59	0.85	0.79	-0.73	0.78	0.74	-0.27	0.78	0.92	0.07	0.71	0.73	-0.94		-0.53	-0.53
Extraordinary Items	-0.61	-0.72	-0.27	-0.18	-0.69	-0.15	-0.5	-0.59	-0.67	-0.13	-0.28	-0.58	0.57	-0.57	-0.61	0.25	-0.55	-0.68	-0.07	-0.65	-0.29	0.72	-0.53		1.0
Selling And Marketing Expenses	-0.61	-0.72	-0.27	-0.18	-0.69	-0.15	-0.5	-0.59	-0.67	-0.13	-0.28	-0.58	0.57	-0.57	-0.61	0.25	-0.55	-0.68	-0.07	-0.65	-0.29	0.72	-0.53	1.0

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Targa Resources Account Relationship Matchups

Targa Resources income statement Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Depreciation And Amortization	868.7M	874.6M	1.1B	1.3B	1.4B	1.5B
Interest Expense	391.3M	387.9M	446.1M	687.8M	767.2M	805.6M
Selling General Administrative	254.6M	273.2M	309.7M	348.7M	384.9M	232.8M
Total Revenue	8.3B	16.9B	20.9B	16.1B	16.4B	10.7B
Gross Profit	2.3B	2.3B	3.0B	4.1B	4.3B	4.5B
Other Operating Expenses	7.0B	15.6B	19.2B	13.4B	13.7B	9.8B
Operating Income	3.8B	1.3B	1.7B	2.6B	2.7B	2.8B
Ebit	(1.2B)	824.8M	1.7B	2.6B	2.7B	2.8B
Ebitda	(313.1M)	1.7B	2.8B	4.0B	4.1B	4.3B
Cost Of Revenue	6.0B	14.6B	18.0B	12.0B	12.1B	8.9B
Total Operating Expenses	1.0B	1.0B	1.2B	1.4B	1.6B	937.0M
Income Before Tax	(1.6B)	436.9M	1.7B	1.9B	1.9B	2.0B
Total Other Income Expense Net	(269.4M)	(427.9M)	(65.8M)	(683.7M)	(757.4M)	(719.5M)
Net Income Applicable To Common Shares	(334M)	(1.7B)	(16.1M)	896.8M	807.1M	847.5M
Net Income	(1.3B)	422.1M	896.8M	1.3B	1.3B	1.3B
Income Tax Expense	(248.1M)	14.8M	131.8M	363.2M	384.5M	403.7M
Minority Interest	228.9M	350.9M	335.9M	(253.3M)	(241.5M)	(229.4M)
Net Income From Continuing Ops	(1.3B)	422.1M	1.5B	1.6B	1.6B	1.6B
Non Operating Income Net Other	108.3M	76M	(23.3M)	429.9M	494.4M	519.1M
Non Recurring	210M	243.2M	2.4B	452.3M	520.1M	625.1M
Tax Provision	(248.1M)	14.8M	131.8M	270.5M	384.5M	403.7M
Net Interest Income	(345.7M)	(404.5M)	(495.7M)	(655.4M)	(768M)	(729.6M)
Reconciled Depreciation	865.1M	870.6M	1.1B	1.3B	1.4B	1.1B

Pair Trading with Targa Resources

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Targa Resources position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Targa Resources will appreciate offsetting losses from the drop in the long position's value.

Moving together with Targa Stock

0.75

Energy Transfer LP

Pair Corr

Moving against Targa Stock

0.39

BPT

BP Prudhoe Bay

Pair Corr

The ability to find closely correlated positions to Targa Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Targa Resources when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Targa Resources - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Targa Resources to buy it.

The correlation of Targa Resources is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Targa Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Targa Resources moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Targa Resources can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Additional Tools for Targa Stock Analysis

When running Targa Resources' price analysis, check to measure Targa Resources' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Targa Resources is operating at the current time. Most of Targa Resources' value examination focuses on studying past and present price action to predict the probability of Targa Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Targa Resources' price. Additionally, you may evaluate how the addition of Targa Resources to your portfolios can decrease your overall portfolio volatility.

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Targa Historical Income Statement

About Targa Income Statement Analysis

Targa Resources Income Statement Chart

Total Revenue

Gross Profit

Other Operating Expenses

Net Interest Income

Targa Resources income statement Correlations

Targa Resources Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Targa Resources income statement Accounts

Pair Trading with Targa Resources

Moving together with Targa Stock

Moving against Targa Stock

Additional Tools for Targa Stock Analysis

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Cost Of Revenue	+ 1.0	Other Operating Expenses
Selling And Marketing Expenses	+ 1.0	Extraordinary Items
Other Operating Expenses	+ 0.99	Total Revenue
Cost Of Revenue	+ 0.99	Total Revenue
Net Income From Continuing Ops	+ 0.99	Income Before Tax
Tax Provision	+ 0.99	Income Tax Expense

Net Interest Income	- 0.97	Gross Profit
Net Interest Income	- 0.97	Interest Expense
Reconciled Depreciation	- 0.94	Net Interest Income
Net Interest Income	- 0.94	Non Operating Income Net Other
Net Interest Income	- 0.91	Ebitda
Net Interest Income	- 0.91	Depreciation And Amortization