TARGA RESOURCES CORP (TRGP) Earnings History & Surprises
NYSE:TRGP • US87612G1013
232.47 USD
-2.27 (-0.97%)
At close: Mar 10, 2026
232.4 USD
-0.07 (-0.03%)
After Hours: 3/10/2026, 8:04:00 PM
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
Release DateApr 29, 2026
PeriodQ1 / 2026
EPS Estimate$2.52
Revenue Estimate5.223B
Last Reported
Release DateFeb 19, 2026
PeriodQ4 / 2025
EPS Reported$2.53
EPS Surprise 7.96%
Revenue Surprise -14.67%
Beat Rate
38%
EPS and Revenuebeats vs estimates
Quarterly Earnings Results
EPS & Revenue History (USD)
Actual vs estimated values, surprises, q2q growth and acceleration numbers for recent quarters.
| Quarter | EPS | EPS Est | EPS Surprise | EPS Q2Q | Revenue | Revenue Est | Revenue Surprise | Revenue 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
Revenue Historical Q2Q growth and Acceleration
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.
Can you provide information on how often TARGA RESOURCES CORP beats earnings estimates?
In the last 4 quarters, TARGA RESOURCES CORP (TRGP) has beaten EPS estimates in 3 out of 4 releases.