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Targa Resources Inc.Stock · UtilitiesS&P 500 0.1%
$281.50−$4.08 (-1.43%)as of market close, Jul 24, 2026
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How Targa Resources makes money

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How does Targa Resources make money? This Sankey traces every dollar of revenue through the income statement — into cost of revenue, R&D, SG&A, and taxes — and shows what's left as profit. Pick any fiscal year, recent quarter, or the trailing twelve months. Straight from SEC filings.

Targa Resources Inc. · FY2025 · year ended 2025-12-31
Revenue$17.0BGross profit$6.5B · 38%Cost of revenue$10.5B · 62%Operating income$3.3B · 20%Operating expenses$3.2B · 19%SG&A$406M · 2%Other opex$2.8B · 16%Pre-tax income$2.5B · 14%Other expense$879M · 5%Net income$1.9B · 11%Income tax$530M · 3%Product$14.4B · 85%Service$2.6B · 15%

Each fiscal year from SEC filings. Percentages are share of revenue, so the green profit nodes read directly as gross / operating / net margin. Line items a company doesn't break out are derived from their siblings so the flows balance; small residuals show as “Other.” For informational purposes only.