Targa Resources
Targa Resources Corp. (NYSE: TRGP) provides midstream services for natural gas, natural gas liquids (NGLs) and crude oil producers. Its activities include gathering, compressing, treating and processing natural gas; transporting, fractionating, storing and marketing NGLs; supporting LPG exports; and gathering, storing… From the company’s description.
In fiscal 2025, Targa Resources reported revenue of $17.03B, up 3.9% from fiscal 2024, and net income of $1.96B. Its operating margin was 19.6%, and operations generated $3.92B in cash. Over the twelve months to Jun 30, 2026, revenue was $16.74B.
Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.
What Targa Resources does
In the company’s own words
Targa Resources Corp. (NYSE: TRGP) provides midstream services for natural gas, natural gas liquids (NGLs) and crude oil producers. Its activities include gathering, compressing, treating and processing natural gas; transporting, fractionating, storing and marketing NGLs; supporting LPG exports; and gathering, storing and terminaling crude oil. Targa operates two reportable segments: Gathering and Processing, which collects and processes gas and crude oil in major U.S. producing regions, and Logistics and Transportation, which moves and converts mixed NGLs into products and provides storage, terminaling, marketing and export services. Its customers and end markets include producers, marketers, utilities, petrochemical manufacturers, industrial and commercial users, refiners, exporters and heating-fuel customers. At year-end 2025, its natural gas gathering systems comprised approximately 31,600 miles of pipelines and 54 operated processing plants; its NGL pipelines could transport more than 1 million barrels per day into Mont Belvieu. Targa’s operations span the Permian, Eagle Ford, North Texas, Oklahoma, North Dakota and Louisiana, with downstream facilities concentrated in Texas and Louisiana. Its website is www.targaresources.com.
Company details
- Sector
- Energy
- Industry (SIC)
- Electric, Gas & Water
- Headquarters
- HOUSTON, TX
- Fiscal year end
- December
- CIK
- 1389170
- SIC
- 4922
Financial performance, year by year
Fiscal 2013–2025 · USDThe full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.
Who owns Targa Resources — and what changed
Funds as of 2026Q2 · superinvestors as of 2026-06-30
Superinvestors in Targa Resources · what they did last quarter
Share of each manager’s reported 13F portfolio. Change is in shares held, since the previous quarter.
Largest fund holders · Targa Resources’s weight in each
Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.
Targa Resources’s bonds, as funds hold them
Funds report holding 17 issues of Targa Resources’s debt, $3.68B at market value — what funds hold, not the company’s total debt. Weighted-average coupon 5.48%, maturing 2027 to 2056.
Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.
Fund ownership is a subset of institutional 13F ownership — the two describe overlapping populations and must not be added together.
Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.
Recent filings
All filings →Each filing opens into its own statements and disclosures here.
Put this business in context.
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