Targa Resources (TRGP) Revenue — Quarter Ended Jun 30, 2024
Revenue declined sequentially after a strong prior quarter. On an annual basis, revenue grew compared to the year-ago period.
Key takeaway
Quarter ended Jun 30, 2024 · FY2024 Q2
Revenue declined sequentially after a strong prior quarter. On an annual basis, revenue grew compared to the year-ago period.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$3.6B
Revenue reported for this quarter.
Quarter-over-quarter
-21.9%
Change from the immediately preceding quarter.
Year-over-year
+31.0%
Change from the comparable year-ago quarter.
Trailing four quarters
$16.3B
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, 2023 | $3.9B | -22.7% |
| Dec 31, 2023 | $4.2B | +3.7% |
| Mar 31, 2024 | $4.6B | +20.0% |
| Jun 30, 2024 | $3.6B | +31.0% |
Revenue performance
The reported revenue direction is downward relative to the prior quarter. This reversal follows a period of sequential growth.
Quarterly comparison
Sequentially, revenue fell from the preceding quarter. Year-over-year, revenue was higher than the same quarter a year ago.
What to watch
The sequential revenue decline contrasts with the year-over-year growth, warranting attention to future trends.