Targa Resources (TRGP) Revenue — Quarter Ended Mar 31, 2026
The reported revenue for the quarter increased compared to the immediately preceding quarter but declined relative to the same quarter one year earlier. This performance reflects a mixed trend when measured against both prior periods.
Key takeaway
Quarter ended Mar 31, 2026 · FY2026 Q1
The reported revenue for the quarter increased compared to the immediately preceding quarter but declined relative to the same quarter one year earlier. This performance reflects a mixed trend when measured against both prior 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
+1.0%
Change from the immediately preceding quarter.
Year-over-year
-10.2%
Change from the comparable year-ago quarter.
Trailing four quarters
$16.6B
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, 2025 | $4.3B | +19.6% |
| Sep 30, 2025 | $4.2B | +7.8% |
| Dec 31, 2025 | $4.1B | -7.9% |
| Mar 31, 2026 | $4.1B | -10.2% |
Revenue performance
Revenue for the quarter showed a modest sequential improvement, rebounding from the prior quarter's level. However, the year-over-year comparison indicates a decline from the same period a year ago.
Quarterly comparison
The slight sequential increase follows a decrease in the prior quarter, while the year-over-year decline is consistent with the downward trend observed over the past four quarters.
What to watch
Monitor whether the sequential recovery can continue amid the persistent year-over-year decline.