Targa Resources (TRGP) Revenue — Quarter Ended Mar 31, 2024
Revenue rose in the reported quarter, driven by higher activity. The company reported an increase compared to both the preceding quarter and the same quarter a year earlier.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
Revenue rose in the reported quarter, driven by higher activity. The company reported an increase compared to both the preceding quarter and the same quarter a year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$4.6B
Revenue reported for this quarter.
Quarter-over-quarter
+7.6%
Change from the immediately preceding quarter.
Year-over-year
+20.0%
Change from the comparable year-ago quarter.
Trailing four quarters
$15.4B
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 |
|---|---|---|
| Jun 30, 2023 | $2.7B | -53.1% |
| Sep 30, 2023 | $3.9B | -22.7% |
| Dec 31, 2023 | $4.2B | +3.7% |
| Mar 31, 2024 | $4.6B | +20.0% |
Revenue performance
The quarter's revenue showed an upward trajectory, reflecting improved operational performance.
Quarterly comparison
Compared to the immediately preceding quarter, revenue was higher. On a year-over-year basis, revenue also grew significantly.
What to watch
Commodity price movements remain a key factor to monitor for future revenue trends, as noted in the company's liquidity discussion.