TARGA RESOURCES CORP (TRGP) Earnings History & Surprises

NYSE:TRGPUS87612G1013

Current stock price

250.73 USD
+2.64 (+1.06%)
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250.73 USD
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TRGP Earnings overview

Past quarterly earnings results for TARGA RESOURCES CORP (TRGP), including EPS and revenue actuals, analyst estimates, and surprise percentages. This page focuses on historical performance (not forecasts).

Earnings Snapshot

Next Earnings Date

Upcoming
Release Date
Apr 29, 2026
Period
Q1 / 2026
EPS Estimate
$2.55
Revenue Estimate
5.223B

Last Reported

Most Recent
Release Date
Feb 19, 2026
Period
Q4 / 2025
EPS Reported
$2.53
EPS Surprise
7.96%
Revenue Surprise
-14.67%

Beat Rate

Last 8 Quarters
38%
EPS and Revenue beats vs estimates

Quarterly Earnings Historical Results

EPS & Revenue History (in USD): Actual vs estimated values, surprises, q2q growth and acceleration numbers quarterly history.

QuarterEPSEPS EstEPS SurpriseEPS Q2QRevenueRevenue EstRevenue SurpriseRevenue Q2Q
Q4 2025 2.53 2.34 7.96% 73.44% 4.056B 4.753B -14.67% -7.94%
Q3 2025 2.20 2.13 3.10% 26.07% 4.151B 4.654B -10.80% 7.77%
Q2 2025 2.87 1.91 50.64% 115.79% 4.26B 4.935B -13.68% 19.60%
Q1 2025 0.91 2.02 -54.87% -25.41% 4.562B 4.997B -8.72% -0.02%
Q4 2024 1.46 1.95 -25.31% 16.10% 4.405B 4.565B -3.50% 3.91%
Q3 2024 1.75 1.59 10.02% 79.90% 3.852B 4.141B -6.98% -1.15%
Q2 2024 1.33 1.30 2.65% -7.64% 3.562B 4.563B -21.94% 4.65%
Q1 2024 1.22 1.33 -7.97% 3,966.67% 4.562B 4.382B 4.12% 0.93%
Q4 2023 1.26 1.49 -15.84% -9.13% 4.24B 3.927B 7.96% -6.92%
Q3 2023 0.97 1.22 -20.60% 15.48% 3.897B 4.691B -16.93% -27.30%
Q2 2023 1.44 1.26 14.06% -10.56% 3.404B 4.45B -23.51% -43.79%
Q1 2023 0.03 1.43 -97.90% -50.00% 4.521B 5.406B -16.38% -8.84%
Q4 2022 1.38 1.40 -1.47% 171.13% 4.555B 6.085B -25.15% -16.30%
Q3 2022 0.84 1.22 -31.16% 27.27% 5.36B 7.009B -23.53% 20.19%
Q2 2022 1.61 1.24 29.34% 973.33% 6.056B 5.934B 2.05% 77.28%
Q1 2022 0.06 0.88 -93.15% -88.68% 4.959B 5.376B -7.75% 36.51%
Q4 2021 0.51 0.67 -23.90% 14,968.80% 5.442B 4.277B 27.23% 111.50%
Q3 2021 0.66 0.54 22.16% 312.50% 4.46B 3.546B 25.77% 110.85%
Q2 2021 0.15 0.28 -45.51% -28.57% 3.416B 3.017B 13.22% 124.21%
Q1 2021 0.53 0.17 203.23% -81.66% 3.633B 2.517B 44.33% 77.30%
Q4 2020 0.00 0.26 -101.34% - 2.573B 2.269B 13.39% -
Q3 2020 0.16 0.10 54.70% - 2.115B 2.013B 5.07% -
Q2 2020 0.21 -0.14 254.08% - 1.524B 1.65B -7.67% -
Q1 2020 2.89 -0.07 4,206.28% - 2.049B 2.212B -7.37% -

Notes

  • EPS and Revenue values are non-GAAP when available, otherwise GAAP.
  • Surprise % is (Actual - Estimate) / |Estimate|. Green indicates positive surprise, red negative.
  • Q2Q % is quarter-over-quarter growth. Green indicates growth, red indicates decline.
  • Green right border indicates acceleration for sales or earnings growth. Acceleration is the case when the current Q2Q is above the previous Q2Q.

Earnings Q2Q Performance Trends

EPS Historical Q2Q growth and Acceleration

TRGP EPS Q2Q GrowthTRGP EPS Q2Q GrowthEPS Q2Q Growth Q1/21 Q4/21 Q3/22 Q2/23 Q1/24 Q4/24 Q3/25 Q2/26 Q1/27 Q4/27 Q3/28 0 5K 10K

Revenue Historical Q2Q growth and Acceleration

TRGP Revenue Q2Q GrowthTRGP Revenue Q2Q GrowthRevenue Q2Q Growth Q1/21 Q4/21 Q3/22 Q2/23 Q1/24 Q4/24 Q3/25 Q2/26 Q1/27 Q4/27 Q3/28 0 50 100

Surprise distribution (Last 4 Quarters)

EPS beat statistics

EPS beat (4)
3
Average EPS beat (4)
1.71%
Max EPS beat (4)
50.64%
Min EPS beat (4)
-54.87%

Revenue beat statistics

Revenue beat (4)
0
Average Revenue beat (4)
-11.97%
Max Revenue beat (4)
-8.72%
Min Revenue beat (4)
-14.67%

Analysis

In the last 4 quarters, TRGP has beaten EPS estimates in 3 out of 4 releases
TRGP has not beaten revenue estimates in any of the last 4 earnings releases
In the last 4 quarters, TRGP has beaten the EPS estimates by 1.7% on average.
In the last 4 quarters, TRGP reported -12.0% below the revenue estimates on average.

TARGA RESOURCES CORP / TRGP Earnings FAQ

Can you provide the last earnings date for TARGA RESOURCES CORP?

TARGA RESOURCES CORP (TRGP) last reported earnings on 2/19/2026.

Did TRGP stock beat earnings estimates in the most recent quarter?

TARGA RESOURCES CORP (TRGP) beat EPS estimates and missed revenue estimates in the most recent quarter.

What percentage of the time does TRGP stock beat earnings estimates?

In the last 4 quarters, TARGA RESOURCES CORP (TRGP) has beaten EPS estimates in 3 out of 4 releases.