TRGP financials
Targa Resources Corp. · end-of-day data as of Oct 16, 2026
Targa Resources Corp.
$294.90+5.3%
Buy · 22 analystsPT $313.97 +6.5%
TRGP reported revenue of $4.44B for the quarter ended Jun 30, 2026 (Q2 FY2026), up 10.3% from a year earlier. It posted diluted EPS of $3.56, free cash flow of $431M and a net margin of 17.2%.
Valuation
- P/E28.1x
- P/E vs own+18.0%
- P/E vs sector+58.5%
- FCF yield+1.2%
- Market cap$63.24B
Quarterly results
Q2 FY2026: Revenue +10.3% year over year, free cash flow 9.7% of revenue, operating margin 27.8%.
RevenueFree cash flow
| Q2 FY2026 | Jun 30, 2026 | $4.44B | 3.56 | $431M | 48.2% | 27.8% | 17.2% |
| Q1 FY2026 | Mar 31, 2026 | $4.09B | 2.21 | -$160M | 31.1% | 20.7% | 11.7% |
| Q4 FY2025 | Dec 31, 2025 | $4.06B | 2.53 | $542M | 43.1% | 22.6% | 13.4% |
| Q3 FY2025 | Sep 30, 2025 | $4.2B | 2.20 | -$72.6M | 23.3% | 21.1% | 11.3% |
| Q2 FY2025 | Jun 30, 2025 | $4.03B | 2.88 | -$47.8M | 22.2% | 20.1% | 15.5% |
| Q1 FY2025 | Mar 31, 2025 | $4.85B | 0.91 | $162M | 19.0% | 17.2% | 4.1% |
| Q4 FY2024 | Dec 31, 2024 | $4.41B | 1.45 | $601M | 25.1% | 15.9% | 8.0% |
| Q3 FY2024 | Sep 30, 2024 | $3.89B | 1.75 | -$288M | 22.2% | 19.7% | 9.9% |
| Q2 FY2024 | Jun 30, 2024 | $3.62B | 1.33 | $164M | 21.6% | 18.9% | 8.2% |
| Q1 FY2024 | Mar 31, 2024 | $4.56B | 1.22 | $207M | 22.0% | 14.0% | 6.0% |
| Q4 FY2023 | Dec 31, 2023 | $4.23B | 1.25 | $238M | 17.1% | 14.8% | 6.6% |
| Q3 FY2023 | Sep 30, 2023 | $3.88B | 0.97 | -$184M | 15.0% | 12.7% | 5.6% |