FINHUB Insights

TRGP · Q3 FY25 · Jul 1 – Sep 30, 2025

Targa Resources Q3 FY25: where the revenue came from and where it went

Targa Resources Q3 FY25: revenue $4.2B (+8% year over year). Net profit $0.5B. Largest cohort Product $3.5B. The whole income statement as a sankey diagram from the SEC filing.

Period
Jul 1 – Sep 30, 2025
Reported
Nov 5, 2025 10-Q
Sankey diagram of Targa Resources's income statement for Q3 FY25: revenue of $4.2 billion splits into segments and flows out into costs, taxes and net profit.

Tap the diagram to enlarge · figures in billions of dollars

Revenue$4.2B +8% year over year
Gross profit$1.6B 40% margin
Operating profit$0.8B 20% margin
Net profit$0.5B 12% margin

The numbers

All figures in billions of U.S. dollars, for Q3 FY25 (period ends Sep 30, 2025).
ItemValueShare of revenueYear over year
Revenue 4.2 100% +8%
Product 3.5 83%
Natural Gas Reserves 0.5 12%
Storage Terminaling and Export 0.1 2% −7%
Cost of revenue−2.560%
Gross profit1.640% margin+1pp
G&A−0.13%+0pp
Other−0.717%+0pp
Operating profit0.820% margin+1pp
Tax−0.1
Interest & other costs−0.2
Net profit0.512%+1pp
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