FINHUB Insights

TRGP · Q2 FY26 · Apr 1 – Jun 30, 2026

Targa Resources Q2 FY26: where the revenue came from and where it went

Targa Resources Q2 FY26: revenue $4.4B (+4% year over year). Net profit $0.8B. Largest cohort Natural gas liquids reserves $3.8B. The whole income statement as a sankey diagram from the SEC filing.

Period
Apr 1 – Jun 30, 2026
Reported
Aug 6, 2026 10-Q
Sankey diagram of Targa Resources's income statement for Q2 FY26: revenue of $4.44 billion splits into segments and flows out into costs, taxes and net profit.
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Revenue$4.44B +4% year over year
Gross profit$2.14B 48% margin
Operating profit$1.24B 28% margin
Net profit$0.77B 17% margin

The numbers

All figures in billions of U.S. dollars, for Q2 FY26 (period ends Jun 30, 2026).
ItemValueShare of revenueYear over year
Revenue 4.44 100% +4%
Natural gas liquids reserves 3.76 85%
Gathering 0.55 12%
NGL transportation 0.12 3%
Midstream services other 0.01 0%
Cost of revenue−2.3052%
Gross profit2.1448% margin+5pp
G&A−0.112%+0pp
Other−0.8018%+0pp
Operating profit1.2428% margin+4pp
Tax−0.23
Interest & other costs−0.24
Net profit0.7717%+2pp
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.