Targa Resources Corp. Gross Profit 2011-2026 | TRGP

Gross profit is a key indicator of how efficiently a company produces or sells its products. This metric helps assess a business’s ability to generate revenue at the initial stage, before accounting for all other expenses. Regular analysis of gross profit allows companies to respond in a timely manner to changes in cost of goods, pricing strategy, and market conditions.

Calculation formula:
Gross Profit = Revenue – Cost of Goods Sold (COGS)

Revenue — all cash inflows from the sale of goods or services.
Cost of Goods Sold — direct costs related to the production or acquisition of goods:

Raw materials and supplies

Wages of production personnel

Depreciation of equipment

Transportation and warehousing costs (if directly related to production)

Importance for business:

Assessing core business profitability
If gross profit is declining, it may indicate rising production costs or falling sales.
Financial planning
Gross profit is the basis for calculating other key metrics, such as operating and net profit.
Benchmarking against competitors
Gross profit analysis helps compare the efficiency of different companies within the same industry.
Insights into pricing effectiveness
If gross profit is low, the company may be pricing too low or failing to control costs effectively.

Reasons for a decline in gross profit:

Increase in raw material and supply costs
Rising production expenses
Price reductions due to competition
Decrease in sales volume
Currency exchange rate fluctuations (for imports/exports)

Gross profit is an important metric, but it does not provide a complete picture of a company’s financial health, as it does not account for administrative and selling expenses, taxes, debt burden, or depreciation.

Annual Gross Profit Targa Resources Corp.

2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
-	-	-	-	-	-	1.58 B	1.43 B	1.1 B	1.01 B	1.11 B	1.22 B	906 M	809 M	956 M

All numbers in USD currency

Indicator range from annual reports

Maximum	Minimum	Average
1.58 B	809 M	1.12 B

Quarterly Gross Profit Targa Resources Corp.

2025-Q3	2025-Q2	2025-Q1	2024-Q4	2024-Q3	2024-Q2	2024-Q1	2023-Q4	2023-Q3	2023-Q2	2023-Q1	2022-Q4	2022-Q3	2022-Q2	2022-Q1	2021-Q4	2021-Q3	2021-Q2	2021-Q1	2020-Q4	2020-Q3	2020-Q2	2020-Q1	2019-Q4	2019-Q3	2019-Q2	2019-Q1	2018-Q4	2018-Q3	2018-Q2	2018-Q1	2017-Q4	2017-Q3	2017-Q2	2017-Q1	2016-Q4	2016-Q3	2016-Q2	2016-Q1	2015-Q4	2015-Q3	2015-Q2	2015-Q1	2014-Q4	2014-Q3	2014-Q2	2014-Q1	2013-Q4	2013-Q3	2013-Q2	2013-Q1	2012-Q4	2012-Q3	2012-Q2	2012-Q1	2011-Q4	2011-Q3	2011-Q2	2011-Q1
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	771 M	574 M	634 M	573 M	589 M	603 M	539 M	515 M	535 M	469 M	447 M	458 M	469 M	430 M	438 M	431 M	460 M	469 M	471 M	421 M	412 M	421 M	398 M	393 M	355 M	297 M	265 M	260 M	260 M	240 M	244 M	262 M	260 M	228 M	250 M	217 M

All numbers in USD currency

Indicator range from quarterly reporting

Maximum	Minimum	Average
771 M	217 M	418 M

Gross Profit of other stocks in the Oil gas midstream industry

Issuer	Gross Profit	Price	% 24h	Market Cap	Country
Brooge Energy Limited BROG	46.5 M	-	13.04 %	$ 478 M	Britain
Euronav NV EURN	567 M	-	-	$ 3.69 B	Belgium
GasLog Ltd. GLOG	327 M	-	-0.17 %	$ 552 M	Monaco
EnLink Midstream, LLC ENLC	1.49 B	-	-	$ 6.52 B	USA
Antero Midstream Corporation AM	501 M	$ 23.55	-0.19 %	$ 11.3 B	USA
Holly Energy Partners, L.P. HEP	371 M	-	-	$ 2.59 B	USA
Equitrans Midstream Corporation ETRN	1.35 B	-	-	$ 5.39 B	USA
DCP Midstream, LP DCP	2.1 B	-	-0.02 %	$ 8.7 B	USA
Noble Midstream Partners LP NBLX	296 M	-	-	$ 1.37 B	USA
BP Midstream Partners LP BPMP	103 M	-	-	$ 1.79 B	USA
Dorian LPG Ltd. LPG	183 M	$ 33.33	-1.27 %	$ 1.4 B	USA
Altus Midstream Company ALTM	129 M	-	-0.79 %	$ 1.07 B	USA
Martin Midstream Partners L.P. MMLP	294 M	$ 2.59	-0.19 %	$ 101 M	USA
Diamond S Shipping Inc. DSSI	596 M	-	2.00 %	$ 394 M	USA
Enable Midstream Partners, LP ENBL	1.08 B	-	1.44 %	$ 3.07 B	USA
NavSight Holdings, Inc. NSH	1.18 B	-	7.58 %	$ 285 M	USA
Oasis Midstream Partners LP OMP	275 M	-	2.48 %	$ 1.08 B	USA
NuStar Energy L.P. NS	499 M	-	-	$ 2.78 B	USA
Phillips 66 Partners LP PSXP	903 M	-	-2.33 %	$ 7.93 B	USA
Cheniere Energy Partners, L.P. CQP	3.03 B	$ 69.35	3.17 %	$ 33.6 B	USA
Navigator Holdings Ltd. NVGS	232 M	$ 19.25	-1.64 %	$ 1.3 B	Britain
TC PipeLines, LP TCP	239 M	-	1.65 %	$ 2.21 B	USA
Teekay LNG Partners L.P. TGP	328 M	-	-0.12 %	$ 1.47 B	Bermuda
ONEOK OKE	2.9 B	$ 93.57	1.59 %	$ 58.5 B	USA
Genesis Energy, L.P. GEL	325 M	$ 18.29	1.61 %	$ 2.24 B	USA
Green Plains Partners LP GPP	10.3 M	-	-	$ 286 M	USA
PBF Logistics LP PBFX	307 M	-	-1.19 %	$ 1.35 B	USA
Blueknight Energy Partners, L.P. BKEP	11.1	-	-	$ 195 M	USA
Höegh LNG Partners LP HMLP	98.1 M	-	0.05 %	$ 308 M	Bermuda
Hess Midstream LP HESM	706 M	$ 40.04	0.73 %	$ 8.27 B	USA
MPLX LP MPLX	3.66 B	$ 58.96	0.12 %	$ 59.9 B	USA
Teekay Corporation TK	560 M	$ 11.85	-1.33 %	$ 1.02 B	Bermuda
TC Energy Corporation TRP	10.4 B	$ 63.68	-0.58 %	$ 66.2 B	Canada
Kinder Morgan KMI	7.54 B	$ 34.07	0.24 %	$ 75.7 B	USA
Crestwood Equity Partners LP CEQP	696 M	-	-	$ 2.97 B	USA
Magellan Midstream Partners, L.P. MMP	1.86 B	-	-	$ 13.9 B	USA
Shell Midstream Partners, L.P. SHLX	407 M	-	-	$ 6.22 B	USA
Delek Logistics Partners, LP DKL	149 M	$ 54.17	0.78 %	$ 2.9 B	USA
GasLog Partners LP GLOP	165 M	-	61.31 %	$ 441 M	Greece
Teekay Tankers Ltd. TNK	251 M	$ 70.6	0.33 %	$ 2.44 B	Bermuda
Energy Transfer LP ET	11.3 B	$ 19.44	1.57 %	$ 66.9 B	USA
TORM plc TRMD	398 M	$ 27.19	-1.66 %	$ 2.12 B	Britain
Summit Midstream Partners, LP SMLP	229 M	-	-	$ 167 M	USA
Evolve Transition Infrastructure LP SNMP	18.3 M	-	-0.75 %	$ 11.2 M	USA
Cheniere Energy LNG	4.26 B	-	-0.73 %	$ 40.2 B	USA
Overseas Shipholding Group OSG	126 M	-	-	$ 666 M	USA
Pembina Pipeline Corporation PBA	3.19 B	$ 45.69	0.15 %	$ 16.8 B	Canada
Viper Energy Partners LP VNOM	279 M	$ 47.82	0.76 %	$ 4.49 B	USA
Bristow Group VTOL	106 M	$ 46.3	0.96 %	$ 1.34 B	USA