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Targa Resources stock: growth
TRGPTarga Resources reported $17.14B in revenue for fiscal 2025, up 3.1% on the prior year, up 15.7% a year on average over up to five years.
Daily figure as of 13 Nov 2026
Revenue (Annual rate)
4.6%
per year from 2008 to 2025, per share −5%
Earnings (Annual rate)
25.8%
per year from 2008 to 2025, per share 8.1%
Free cash flow (Annual rate)
4.9%
per year from 2008 to 2025, per share −4.7%
Growth per year by period
What reaches shareholders is growth per share: buybacks lift it, new shares dilute it.
| since 2020 | since 2015 | since 2008 | |
|---|---|---|---|
| Revenue | 15.7% | 10.0% | 4.6% |
| Revenue per share | 17.5% | −4.2% | −5.0% |
| Earnings | no data | 41.3% | 25.8% |
| Earnings per share | no data | 22.9% | 8.1% |
| Free cash flow | −5.9% | 10.4% | 4.9% |
| Free cash flow per share | −4.5% | −4.0% | −4.7% |
Fiscal years at a glance
How revenue and earnings grow
- Revenue
- Earnings
- Free cash flow
Figures as a table
| Year | Revenue | Earnings | Free cash flow |
|---|---|---|---|
| 2008 | $8B | $37.3M | $258.4M |
| 2009 | $4.54B | $29.3M | $236.4M |
| 2010 | $5.46B | −$15M | $69.2M |
| 2011 | $6.99B | $30.7M | $47.4M |
| 2012 | $5.84B | $38.1M | −$154.5M |
| 2013 | $6.54B | $65.1M | −$630.9M |
| 2014 | $8.63B | $102.3M | −$400K |
| 2015 | $6.58B | $58.3M | $217.5M |
| 2016 | $6.65B | −$187.3M | $275.3M |
| 2017 | $8.86B | $54M | −$358M |
| 2018 | $10.55B | $1.6M | −$1.97B |
| 2019 | $8.67B | −$209.2M | −$1.49B |
| 2020 | $8.27B | −$1.55B | $792.9M |
| 2021 | $17.44B | $71.2M | $1.8B |
| 2022 | $21.68B | $1.14B | $1.05B |
| 2023 | $15.62B | $828.2M | $826.2M |
| 2024 | $16.63B | $1.27B | $683.9M |
| 2025 | $17.14B | $1.84B | $584.1M |
Revenue by segment
How Targa Resources Corp. makes its money and how that has shifted. Names are as the company reports them.
- Sales of Commodities$14.4B84%
- Fees from Midstream Services$2.6B15%
The company split earlier years differently. A history would not be comparable, so only 2025 is shown.
Figures as a table
| 2025 | Share 2025 | |
|---|---|---|
| Sales of Commodities | $14.4B | 84.1% |
| Fees from Midstream Services | $2.62B | 15.3% |
| Total revenue | $17.14B | 100% |
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Neutral, published since 7 Nov 2026 (in the score history since 24 Oct 2025)
- Valuation signal Fairly valued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.