TRGPTarga Resources
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Quality mixed, no red flags, demanding price, growing in the filings, the market undecided.
Targa Resources Corp. (NYSE: TRGP) is a publicly traded Delaware corporation formed in October 2005. Targa is a leading provider of midstream services and is one of the largest independent infrastructure companies in North America. We own, operate, acquire, and develop a diversified portfolio of complementary domestic infrastructure assets.
In the company’s own words · 10-K filed Feb 19, 2026 · SEC EDGAR
Charts
As reported to the SEC, without any scoring.
Targa Resources (TRGP) reported revenue of $4.44B in Q2 2026 (quarter ended Jun 30, 2026), up 4.2% from the same quarter a year earlier. That came with a gross margin of 48% and net income of $765M (17% of revenue). For the full year FY2025, revenue was $17.0B (+3.9% year on year) and net income $1.92B. Its largest product in Q2 2026 was Natural Gas Liquids Reserves at $3.76B, 78% of the disclosed total, well ahead of Gathering And Processing Fees at 11%. The next results filing is expected around Nov 4, 2026, the same week as a year ago.
What the company said
The company's own words from its current reports to the SEC, newest first
- Aug 25, 2026Appointment of Brent B. Secrest On August 20, 2026, the Board of Directors (the “Board”) of Targa Resources Corp. (the “Company”) appointed Brent B. Secrest to serve as the Company’s President – Logistics and Transportation, effective as of September 1, 2026.Director or officer change · Form 8-K
- Aug 6, 2026811 Louisiana, Suite 2100.Earnings release · press release
- Jul 17, 2026On July 16, 2026, the Board of Directors (the “Board”) of Targa Resources Corp. (the “Company”) appointed Thomas Mathiasmeier to serve on the Board.Director or officer change · Form 8-K
Quoted from SEC EDGAR filings. A current report is filed within four business days of the event it describes.
Business segments
Q2 2026 · $4.81BThe company’s own SEC segment disclosure.
- Natural Gas Liquids Reserves$3.76B78%
- Gathering And Processing Fees$553.0M11%
- Oil And Condensate$203.5M4%
- Storage Terminaling And Export$162.2M3%
- NGL Transportation Fractionation And Services$120.6M3%
- Midstream Services Other$11.4M0%
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Each answer with the checks it was read from. Open one for the numbers.
Conflicts between checks are named, never averaged, and thin data says so.
Oil & Gas Midstream
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