Data / Public companies / SIC 4922: Natural gas transmission / Targa Resources Corp.
Targa Resources Corp.: revenue, net income and total assets from its latest annual report
Targa Resources Corp. reported revenue of $17.03 billion, net income of $1.92 billion and total assets of $25.22 billion for the fiscal year ended December 31, 2025, in its annual report (10-K) filed with the SEC on February 19, 2026. It ranks 3rd by revenue of 15 companies in SIC 4922, natural gas transmission.
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- SEC central index key (CIK)
- 1389170
- Industry
- SIC 4922, Natural gas transmission
- Business address (city and state)
- Houston, Texas
- Filer category
- Large accelerated filer
- Fiscal year ends
- December 31
- Latest annual report
- 10-K filed February 19, 2026
- Annual and quarterly reports in the data
- 1 annual, 4 quarterly
Financials for the fiscal year ended December 31, 2025
As filed, in US dollars. The prior year value is the comparison column in the same report.
| Item | This year | Prior year | Change | Source |
|---|---|---|---|---|
| Revenue | $17,028,300,000 | $16,381,500,000 | 3.9% | sec.gov |
| Operating income | $3,331,200,000 | Not listed | Not listed | sec.gov |
| Net income | $1,923,000,000 | $1,312,000,000 | 46.6% | sec.gov |
| Total assets | $25,218,400,000 | $22,734,100,000 | 10.9% | sec.gov |
| Stockholders' equity | $3,067,900,000 | Not listed | Not listed | sec.gov |
| Cash and cash equivalents | $166,100,000 | Not listed | Not listed | sec.gov |
How it compares
- Net margin (net income over revenue)
- 11.3%
- Revenue change on the prior year
- 3.9%
- Revenue rank in SIC 4922
- 3rd of 15
- Revenue rank in Texas
- 44th of 408
- Revenue rank among all companies in the data
- 284th of 4,486
Companies next to it by revenue in SIC 4922
Natural gas transmission, from the same data.
| Company | Business address | Revenue | Net income | Total assets | Revenue change |
|---|---|---|---|---|---|
| Energy Transfer LP | Dallas, TX | $85.54 billion | $4.43 billion | $141.29 billion | 3.5% |
| Enterprise Products Partners L.P. | Houston, TX | $52.60 billion | $5.81 billion | $77.90 billion | -6.4% |
| Kinder Morgan, Inc. | Houston, TX | $16.94 billion | $3.06 billion | $72.75 billion | 12.2% |
| Williams Companies, Inc. | Tulsa, OK | $11.95 billion | $2.62 billion | $58.57 billion | 13.8% |
| Western Midstream Partners, LP | The Woodlands, TX | $3.84 billion | $1.18 billion | $15.00 billion | 6.6% |
| NGL Energy Partners LP | Tulsa, OK | $3.16 billion | $-142,295,000 | $4.18 billion | -9% |
| Boardwalk Pipeline Partners, LP | Houston, TX | $2.31 billion | $594.7 million | $10.51 billion | 13.7% |
| Kinetik Holdings Inc. | Houston, TX | $1.76 billion | $178.3 million | $7.10 billion | 19% |
Updated February 19, 2026. Read from SEC Financial Statement Data Sets, filing 0001193125-26-059296. Public data from the US Securities and Exchange Commission. Companies are the registrants whose latest annual report (form 10-K, 20-F or 40-F) is in the SEC Financial Statement Data Sets for 2025 Q3 to 2026 Q3, filed through September 30, 2026. Figures are for the whole fiscal year of that report, in US dollars, as the company filed them in XBRL: SpecStream does not adjust them. The SEC does not guarantee the data sets, and they do not replace the filings. Revenue is the revenue tag the company used; banks and funds often use none. Combined totals add each company once and can include a parent and its subsidiary that both file. Free to reuse with credit to SpecStream under CC BY 4.0. Spot a wrong value? Write to [email protected] with the link to this page.