TRGP · Targa Resources Corp.
$275.79
+8.91 (+3.34%)
At close · Aug 14
Market Cap
$59.14B
Shares
214.43M
Targa Resources Corp. Earnings Call Transcripts
Every quarterly earnings call for Targa Resources Corp. (TRGP) — the full transcript with speaker labels, the audio replay, AI call highlights and a management-tone score, plus the matching 8-K earnings release and the quarter's 10-Q or 10-K. Investor days and conferences appear here too.
Revenue & result across quarters
Revenue Net income YoY up YoY down artefacts
▲20.2%
$5.36B
$193.10M
'22 Q3
22-11-03
▼16.3%
$4.55B
$318.00M
'22 Q4
23-02-22
▼8.8%
$4.52B
$497.00M
'23 Q1
23-05-04
▼43.8%
$3.40B
$329.30M
'23 Q2
23-08-03
▼27.3%
$3.90B
$220.00M
'23 Q3
23-11-02
▼6.9%
$4.24B
$299.60M
'23 Q4
24-02-15
▲0.9%
$4.56B
$275.20M
'24 Q1
24-05-02
▲4.7%
$3.56B
$298.50M
'24 Q2
24-08-01
▼1.1%
$3.85B
$387.40M
'24 Q3
24-11-05
▲3.9%
$4.41B
$350.90M
'24 Q4
25-02-20
▲0%
$4.56B
$270.50M
'25 Q1
25-05-01
▲19.6%
$4.26B
$629.10M
'25 Q2
25-08-07
▲7.8%
$4.15B
$478.40M
'25 Q3
25-11-05
▼7.9%
$4.06B
$545.00M
'25 Q4
26-02-19
▼10.2%
$4.09B
$479.60M
'26 Q1
26-05-07
LATEST
▲4.2%
$4.44B
$764.60M
'26 Q2
26-08-06
Earnings call
FY26 · Q2
2026-08-06
Targa Resources Corp. Second Quarter 2026 Earnings Webcast and Presentation
Confident tone
Permian volume growth and record volumes
Gas marketing and Waha pricing
Q3 outlook and macro headwinds
Revenue
$4.44B
▲ 4.2% YoY Diluted EPS
$3.54
▲ 23.3% YoY
Rev · 8q
Audio
Transcript
Slides
8-K10-Q
Earnings call
FY26 · Q1
2026-05-07
Targa Resources Corp. Q1 FY2026 Earnings Call
Confident tone
NGL fractionation and transportation
LPG export expansion
Permian volume growth and gas processing expansion
Revenue
$4.09B
▼ 10.2% YoY Diluted EPS
$2.21
▲ 142.9% YoY
Rev · 8q
Audio
Transcript
Slides
8-K10-Q
Earnings call
FY25 · Q4
2026-02-19
Targa Resources Corp. Q4 FY2025 Earnings Call
Confident tone
Major downstream projects (Speedway, LPG export expansion)
Permian volume growth and processing capacity
Commercial success and acreage dedications
Revenue
$4.06B*
▼ 7.9% YoY
Rev · 8q
Audio
Transcript
Slides
8-K10-K
Earnings call
FY25 · Q3
2025-11-05
Targa Resources Corp. Q3 FY2025 Earnings Call
Confident tone
Downstream NGL infrastructure expansion
Free cash flow inflection and capital return
Residue and natural gas pipeline projects
Revenue
$4.15B
▲ 7.8% YoY Diluted EPS
$2.20
▲ 25.7% YoY
Rev · 8q
Audio
Transcript
Slides
8-K10-Q
Earnings call
FY25 · Q2
2025-08-07
Targa Resources Corp. Q2 FY2025 Earnings Call
Confident tone
Permian volume growth and G&P volumes
Competition and contract structure
Macro and commodity environment
Revenue
$4.26B
▲ 19.6% YoY Diluted EPS
$2.87
▲ 115.8% YoY
Rev · 8q
Audio
Transcript
Slides
8-K10-Q
Earnings call
FY25 · Q1
2025-05-01
Targa Resources Corp. Q1 FY2025 Earnings Call
Positive tone
Permian G&P volumes and growth
Hedging program
LPG export expansion
Revenue
$4.56B
▲ 0% YoY Diluted EPS
$0.91
▼ 25.4% YoY
Rev · 8q
Audio
Transcript
Slides
8-K10-Q
Earnings call
FY24 · Q4
2025-02-20
Targa Resources Corp. Q4 FY2024 Earnings Call
Confident tone
Commercial Wins and Acreage Position
Capital Projects and Growth Pipeline
Capital Returns to Shareholders
Revenue
$4.41B*
▲ 3.9% YoY
Rev · 8q
Audio
Transcript
Slides
8-K10-K
Earnings call
FY24 · Q3
2024-11-05
Targa Resources Corp. Q3 FY2024 Earnings Call
Confident tone
Permian growth and plant additions
Downstream NGL and LPG export expansion
Balance sheet and fee-based margin
Revenue
$3.85B
▼ 1.1% YoY Diluted EPS
$1.75
▲ 80.4% YoY
Rev · 8q
Audio
Transcript
Slides
8-K10-Q
Earnings call
FY24 · Q2
2024-08-01
Targa Resources Corp. Q2 FY2024 Earnings Call
Confident tone
Permian volume growth
Capital spending acceleration
Hurricane Beryl impact
Revenue
$3.56B
▲ 4.7% YoY Diluted EPS
$1.33
▼ 7.6% YoY
Rev · 8q
Audio
Transcript
Slides
8-K10-Q
Earnings call
FY24 · Q1
2024-05-02
Targa Resources Corp. Q1 FY2024 Earnings Call
Confident tone
NGL fractionation and pipeline expansion
Permian volume growth and plant construction
LPG exports at Galena Park
Revenue
$4.56B
▲ 0.9% YoY Diluted EPS
$1.22
▲ 3966.7% YoY
Rev · 8q
Audio
Transcript
Slides
8-K10-Q
Earnings call
FY23 · Q4
2024-02-15
Targa Resources Corp. Q4 FY2023 Earnings Call
Confident tone
Permian Gathering and Processing Operations
Growth Capital Spending and Major Projects
2024 EBITDA and Volume Growth Guidance
Revenue
$4.24B*
▼ 6.9% YoY
Rev · 8q
Audio
Transcript
Slides
8-K10-K
Earnings call
FY23 · Q3
2023-11-02
Targa Resources Corp. Q3 FY2023 Earnings Call
Revenue
$3.90B
▼ 27.3% YoY Diluted EPS
$0.97
▲ 15.5% YoY
Rev · 8q
Audio
Transcript
Slides
8-K10-Q
Earnings call
FY23 · Q2
2023-08-03
Targa Resources Corp. Q2 FY2023 Earnings Call
Revenue
$3.40B
▼ 43.8% YoY Diluted EPS
$1.44
▼ 10.6% YoY
Rev · 8q
Audio
Transcript
Slides
8-K10-Q
Earnings call
FY23 · Q1
2023-05-04
Targa Resources Corp. Q1 FY2023 Earnings Call
Revenue
$4.52B
▼ 8.8% YoY Diluted EPS
$0.03
▼ 50% YoY
Rev · 8q
Audio
Transcript
Slides
8-K10-Q
Earnings call
FY22 · Q4
2023-02-22
Targa Resources Corp. Q4 FY2022 Earnings Call
Revenue
$4.55B*
▼ 16.3% YoY
Rev · 8q
Audio
Transcript
Slides
8-K10-K
Earnings call
FY22 · Q3
2022-11-03
Targa Resources Corp. Q3 FY2022 Earnings Call
Revenue
$5.36B
▲ 20.2% YoY Diluted EPS
$0.84
▲ 27.3% YoY
Rev · 8q
Audio
Transcript
Slides
8-K10-Q
Earnings call
FY22 · Q2
2022-08-04
Targa Resources Corp. Q2 FY2022 Earnings Call
Revenue
$6.06B
▲ 77.3% YoY Diluted EPS
$1.61
▲ 973.3% YoY
Rev · 8q
Audio
Transcript
Slides
8-K10-Q
Earnings call
FY22 · Q1
2022-05-05
Targa Resources Corp. Q1 FY2022 Earnings Call
Revenue
$4.96B
▲ 36.5% YoY Diluted EPS
$0.06
▼ 88.7% YoY
Rev · 8q
Audio
Transcript
Slides
8-K10-Q
Earnings call
FY21 · Q4
2022-02-24
Targa Resources Corp. Q4 FY2021 Earnings Call
Revenue
$5.44B*
▲ 111.5% YoY
Rev · 8q
Audio
Transcript
Slides
8-K10-K
Earnings call
FY21 · Q3
2021-11-04
Targa Resources Corp. Q3 FY2021 Earnings Call
Revenue
$4.46B
▲ 110.9% YoY Diluted EPS
$0.66
▲ 312.5% YoY
Rev · 8q
Audio
Transcript
Slides
8-K10-Q
Earnings call
FY21 · Q2
2021-08-05
Targa Resources Corp. Q2 FY2021 Earnings Call
Revenue
$3.42B
▲ 124.2% YoY Diluted EPS
$0.15
▼ 28.6% YoY
Rev · 8q
Audio
Transcript
Slides
8-K10-Q
Earnings call
FY21 · Q1
2021-05-06
Targa Resources Corp. Q1 FY2021 Earnings Call
Revenue
$3.63B
▲ 77.3% YoY Diluted EPS
$0.53
Rev · 8q
Audio
Transcript
Slides
8-K10-Q
Earnings call
FY20 · Q4
2021-02-18
Targa Resources Corp. Q4 FY2020 Earnings Call
Revenue
$2.57B*
▲ 4% YoY
Rev · 8q
Audio
Transcript
Slides
8-K10-K
Earnings call
FY20 · Q3
2020-11-05
Targa Resources Corp. Q3 FY2020 Earnings Call
Revenue
$2.12B
▲ 11.2% YoY Diluted EPS
$0.16
Rev · 8q
Audio
Transcript
Slides
8-K10-Q
Earnings call
FY20 · Q2
2020-08-06
Targa Resources Corp. Q2 FY2020 Earnings Call
Revenue
$1.52B
▼ 23.6% YoY Diluted EPS
$0.21
Rev · 8q
Audio
Transcript
Slides
8-K10-Q
Earnings call
FY20 · Q1
2020-05-07
Targa Resources Corp. Q1 FY2020 Earnings Call
Revenue
$2.05B
▼ 10.9% YoY Diluted EPS
$-7.60
Rev · 8q
Audio
Transcript
Slides
8-K10-Q
Earnings call
FY19 · Q4
2020-02-20
Targa Resources Corp. Q4 FY2019 Earnings Call
Revenue
$2.47B
▼ 4.8% YoY Diluted EPS
$-0.62
Gross margin
31.2%
Rev · 8q
Audio
Transcript
Slides
8-K10-K
Showing 1–27 of 27 earnings calls
Key facts
CIK
1389170
CUSIP
87612G101
13F (30d)
976 filings
940 filers
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