Targa Resources (TRGP) Revenue — Quarter Ended Sep 30, 2025
Targa Resources Corp.'s revenue for the quarter decreased compared to the immediately preceding quarter. However, revenue rose when measured against the same quarter from a year earlier.
Key takeaway
Quarter ended Sep 30, 2025 · FY2025 Q3
Targa Resources Corp.'s revenue for the quarter decreased compared to the immediately preceding quarter. However, revenue rose when measured against the same quarter from a year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$4.2B
Revenue reported for this quarter.
Quarter-over-quarter
-2.6%
Change from the immediately preceding quarter.
Year-over-year
+7.8%
Change from the comparable year-ago quarter.
Trailing four quarters
$17.4B
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 |
|---|---|---|
| Dec 31, 2024 | $4.4B | +3.9% |
| Mar 31, 2025 | $4.6B | -0.0% |
| Jun 30, 2025 | $4.3B | +19.6% |
| Sep 30, 2025 | $4.2B | +7.8% |
Revenue performance
The reported revenue direction for this quarter is downward from the prior quarter, reflecting a pullback from the prior period's level.
Quarterly comparison
Revenue decreased compared to the immediately preceding quarter, but was higher than the same quarter one year ago, showing a mixed year-over-year and sequential trend.
What to watch
Given the revenue decline from the prior quarter, monitor whether the company can maintain the year-over-year growth trajectory in upcoming periods.