About Targa Resources Corp.
https://www.targaresources.comTarga Resources Corp., together with its subsidiary, Targa Resources Partners LP, owns, operates, acquires, and develops a portfolio of midstream energy assets in North America. The company operates in two segments, Gathering and Processing, and Logistics and Transportation.
CEO
Matthew J. Meloy
Compensation Summary
(Year 2024)
ETFs Holding This Stock
Summary
Showing Top 3 of 597
Ratings Snapshot
Rating : B+
Most Recent Analyst Grades
Goldman Sachs
Buy
UBS
Buy
Citigroup
Buy
Truist Securities
Buy
RBC Capital
Outperform
BMO Capital
Outperform
Grade Summary
Showing Top 6 of 12
Price Target
Institutional Ownership
VANGUARD GROUP INC
Shares:28.38M
Value:$5.19B
BLACKROCK INC.
Shares:20.64M
Value:$3.77B
BLACKROCK, INC.
Shares:19.84M
Value:$3.63B
Summary
Showing Top 3 of 1,117
About Targa Resources Corp.
https://www.targaresources.comTarga Resources Corp., together with its subsidiary, Targa Resources Partners LP, owns, operates, acquires, and develops a portfolio of midstream energy assets in North America. The company operates in two segments, Gathering and Processing, and Logistics and Transportation.
Income Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q3-2025 | $4.2B ▲ | $93.6M ▲ | $475.5M ▼ | 11.32% ▼ | $2.21 ▼ | $1.23B ▼ |
| Q2-2025 | $4.03B ▼ | $84.3M ▼ | $625.1M ▲ | 15.53% ▲ | $2.89 ▲ | $1.41B ▲ |
| Q1-2025 | $4.85B ▲ | $87.7M ▼ | $198.8M ▼ | 4.1% ▼ | $0.91 ▼ | $916.7M ▼ |
| Q4-2024 | $4.41B ▲ | $403.7M ▲ | $351M ▼ | 7.97% ▼ | $1.45 ▼ | $1.08B ▼ |
| Q3-2024 | $3.89B | $100.5M | $384.5M | 9.89% | $1.76 | $1.09B |
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q3-2025 | $223.9M ▲ | $24.17B ▲ | $21.34B ▲ | $2.71B ▲ |
| Q2-2025 | $113.1M ▼ | $23.51B ▲ | $20.8B ▲ | $2.59B ▲ |
| Q1-2025 | $151.4M ▼ | $22.8B ▲ | $20.23B ▲ | $2.45B ▼ |
| Q4-2024 | $157.3M ▲ | $22.73B ▲ | $18.32B ▲ | $2.59B ▲ |
| Q3-2024 | $127.2M | $21.9B | $17.45B | $2.57B |
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q3-2025 | $475.5M ▼ | $599.2M ▼ | $-691.1M ▲ | $102.9M ▲ | $11M ▲ | $-72.6M ▼ |
| Q2-2025 | $637.2M ▲ | $858.3M ▼ | $-956.8M ▼ | $60.2M ▲ | $-38.3M ▼ | $-47.8M ▼ |
| Q1-2025 | $279.8M ▼ | $954.4M ▼ | $-813.3M ▼ | $-147M ▲ | $-5.9M ▼ | $162.2M ▼ |
| Q4-2024 | $414M ▼ | $1.33B ▲ | $-746.3M ▲ | $-551.5M ▼ | $30.1M ▲ | $601M ▲ |
| Q3-2024 | $447.9M | $540.9M | $-847.3M | $267.2M | $-39.2M | $-287.9M |
Revenue by Products
| Product | Q4-2024 | Q1-2025 | Q2-2025 | Q3-2025 |
|---|---|---|---|---|
 Corporate Non Segment And Inter Segment Elimination | $-10.00M ▲ | $-10.00M ▲ | $-10.00M ▲ | $-10.00M ▲ |
 Gathering And Processing | $1.91Bn ▲ | $2.19Bn ▲ | $1.75Bn ▼ | $1.87Bn ▲ |
 Logistics And Transportation | $3.86Bn ▲ | $4.20Bn ▲ | $3.42Bn ▼ | $3.53Bn ▲ |
Revenue by Geography
| Region | Q4-2024 | Q2-2025 | Q1-2025 | Q3-2025 |
|---|---|---|---|---|
 Gathering And Processing | $1.91Bn ▲ | $1.75Bn ▼ | $2.19Bn ▲ | $1.87Bn ▼ |
| Logistics And Transportation | $3.86Bn ▲ | $3.42Bn ▼ | $4.20Bn ▲ | $3.53Bn ▼ |
CEO
Matthew J. Meloy
Compensation Summary
(Year 2024)
ETFs Holding This Stock
Summary
Showing Top 3 of 597
Ratings Snapshot
Rating : B+
Most Recent Analyst Grades
Goldman Sachs
Buy
UBS
Buy
Citigroup
Buy
Truist Securities
Buy
RBC Capital
Outperform
BMO Capital
Outperform
Grade Summary
Showing Top 6 of 12
Price Target
Institutional Ownership
VANGUARD GROUP INC
Shares:28.38M
Value:$5.19B
BLACKROCK INC.
Shares:20.64M
Value:$3.77B
BLACKROCK, INC.
Shares:19.84M
Value:$3.63B
Summary
Showing Top 3 of 1,117