FINHUB Insights

TRGP · Q2 FY25 · Apr 1 – Jun 30, 2025

Targa Resources Q2 FY25: where the revenue came from and where it went

Targa Resources Q2 FY25: revenue $4.3B (+20% year over year). Net profit $0.6B. Largest cohort Product $3.6B. The whole income statement as a sankey diagram from the SEC filing.

Period
Apr 1 – Jun 30, 2025
Reported
Aug 7, 2025 10-Q
Sankey diagram of Targa Resources's income statement for Q2 FY25: revenue of $4.3 billion splits into segments and flows out into costs, taxes and net profit.

Tap the diagram to enlarge · figures in billions of dollars

Revenue$4.3B +20% year over year
Gross profit$1.8B 43% margin
Operating profit$1B 24% margin
Net profit$0.6B 15% margin

The numbers

All figures in billions of U.S. dollars, for Q2 FY25 (period ends Jun 30, 2025).
ItemValueShare of revenueYear over year
Revenue 4.3 100% +20%
Product 3.6 84% +20%
Gathering and Processing Fees 0.4 9% +5%
Storage Terminaling and Export 0.1 2%
NGL Transportation Fractionation… 0.1 2%
Cost of revenue−2.456%
Gross profit1.843% margin+5pp
G&A−0.12%−1pp
Other−0.716%+0pp
Operating profit124% margin+7pp
Tax−0.2
Interest & other costs−0.2
Net profit0.615%+6pp
Filing on EDGAR More quarters of TRGP

Source of the numbers: structured XBRL data from the filing (10-Q). The diagram is generated automatically and checked against EDGAR before release. How we calculate it → About and methodology.

Older quarters