Targa Resources (TRGP) Revenue — Quarter Ended Jun 30, 2023
Revenue declined in the current quarter compared to both the prior quarter and the same quarter a year ago. The sequential and year-over-year decreases were substantial.
Key takeaway
Quarter ended Jun 30, 2023 · FY2023 Q2
Revenue declined in the current quarter compared to both the prior quarter and the same quarter a year ago. The sequential and year-over-year decreases were substantial.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$2.7B
Revenue reported for this quarter.
Quarter-over-quarter
-28.5%
Change from the immediately preceding quarter.
Year-over-year
-53.1%
Change from the comparable year-ago quarter.
Trailing four quarters
$15.7B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Sep 30, 2022 | $5B | +20.0% |
| Dec 31, 2022 | $4.1B | +76.9% |
| Mar 31, 2023 | $3.8B | -22.2% |
| Jun 30, 2023 | $2.7B | -53.1% |
Revenue performance
The reported revenue for the quarter was lower than the immediately preceding quarter, continuing a downward trend from the prior period.
Quarterly comparison
Compared with the same quarter one year earlier, revenue was significantly lower. The sequential decline from the prior quarter was also notable.
What to watch
The filing context does not provide specific causes for the revenue changes; monitor future filings for any operational or market commentary.