Targa Resources Corp.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $17.03B | $16.38B | $16.06B | $20.93B | $16.95B | $8.26B | $8.67B | $10.48B |
| Cost of Revenue | $10.51B | $10.70B | $10.68B | $16.88B | $13.73B | $5.19B | $6.21B | $8.24B |
| Gross Profit | $6.52B | $5.68B | $5.38B | $4.05B | $3.22B | $3.07B | $2.55B | $2.25B |
| Gross Margin | 38.3% | 34.7% | 33.5% | 19.3% | 19.0% | 37.2% | 29.4% | 21.4% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $406.0M | $384.9M | $348.7M | $309.7M | $273.2M | $254.6M | $280.7M | $256.9M |
| Operating Income | $3.33B | $2.70B | $2.63B | $1.73B | $864.8M | $-1.30B | $192.9M | $237.5M |
| Operating Margin | 19.6% | 16.5% | 16.4% | 8.3% | 5.1% | -15.8% | 2.2% | 2.3% |
| Interest Expense | — | — | — | — | — | — | — | — |
| Pretax Income | $2.49B | $1.94B | $1.94B | $1.66B | $436.9M | $-1.57B | $-46.7M | $65.9M |
| Income Tax Expense | $529.7M | $384.5M | $363.2M | $131.8M | $14.8M | $-248.1M | $-87.9M | $5.5M |
| Net Income | $1.92B | $1.31B | $1.35B | $1.20B | $71.2M | $-1.55B | $-209.2M | $1.6M |
| Net Margin | 11.3% | 8.0% | 8.4% | 5.7% | 0.4% | -18.8% | -2.4% | 0.0% |
| EPS (Basic) | $8.52 | $5.77 | $3.69 | $3.95 | $-0.07 | $-7.26 | $-1.44 | $-0.53 |
| EPS (Diluted) | $8.49 | $5.74 | $3.66 | $3.88 | $-0.07 | $-7.26 | $-1.44 | $-0.53 |
| Shares Outstanding (Basic) | 216.1M | 220.2M | 224.6M | 227.3M | 228.6M | 232.2M | 232.5M | 224.2M |
| Shares Outstanding (Diluted) | 216.9M | 221.3M | 226.0M | 231.1M | 228.6M | 232.2M | 232.5M | 224.2M |
| Dividends Per Share | $3.75 | $2.75 | $1.85 | $1.40 | $0.40 | $1.21 | $3.64 | $3.64 |