Targa Resources (TRGP) Revenue — Quarter Ended Dec 31, 2025
Revenue for the quarter declined compared to both the immediately preceding quarter and the same quarter one year earlier. The decrease reflects a continuation of the downward trend observed in recent periods.
Key takeaway
Quarter ended Dec 31, 2025 · FY2025 Q4
Revenue for the quarter declined compared to both the immediately preceding quarter and the same quarter one year earlier. The decrease reflects a continuation of the downward trend observed in recent periods.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$4.1B
Revenue reported for this quarter.
Quarter-over-quarter
-2.3%
Change from the immediately preceding quarter.
Year-over-year
-7.9%
Change from the comparable year-ago quarter.
Trailing four quarters
$17B
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, 2025 | $4.6B | -0.0% |
| Jun 30, 2025 | $4.3B | +19.6% |
| Sep 30, 2025 | $4.2B | +7.8% |
| Dec 31, 2025 | $4.1B | -7.9% |
Revenue performance
Reported revenue was lower than the prior quarter, marking a sequential decline.
Quarterly comparison
Compared to the same quarter a year ago, revenue also decreased. The sequential and year-over-year declines were both negative.
What to watch
Revenue has declined for consecutive quarters, a trend that may be worth monitoring.