Targa Resources (TRGP) Revenue — Quarter Ended Dec 31, 2024
Revenue for the quarter increased compared to both the prior quarter and the same quarter a year ago. The sequential growth reversed a decline seen in the preceding period.
Key takeaway
Quarter ended Dec 31, 2024 · FY2024 Q4
Revenue for the quarter increased compared to both the prior quarter and the same quarter a year ago. The sequential growth reversed a decline seen in the preceding period.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$4.4B
Revenue reported for this quarter.
Quarter-over-quarter
+14.4%
Change from the immediately preceding quarter.
Year-over-year
+3.9%
Change from the comparable year-ago quarter.
Trailing four quarters
$16.4B
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 |
|---|---|---|
| Mar 31, 2024 | $4.6B | +20.0% |
| Jun 30, 2024 | $3.6B | +31.0% |
| Sep 30, 2024 | $3.9B | -1.1% |
| Dec 31, 2024 | $4.4B | +3.9% |
Revenue performance
The reported revenue rose from the immediately preceding quarter, marking a positive sequential performance. Compared with the same quarter one year earlier, revenue also showed an increase.
Quarterly comparison
Sequentially, revenue improved after a slight decline in the prior quarter. On a year-over-year basis, the growth rate was lower than the sequential gain, indicating a deceleration in annual comparison.
What to watch
The filing context notes that revenue changes alone are not necessarily indicative of profitability due to commodity price movements affecting both revenues and costs.