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AverageTarga Resources Corp. (NYSE: TRGP) is a publicly traded Delaware corporation formed in October 2005. Targa is a leading provider of midstream services and is one of the largest independent infrastructure companies in North America. We own, operate, acquire, and develop a diversified portfolio of complementary domestic infrastructure assets.
In the company’s own words · 10-K filed Feb 19, 2026 · SEC EDGAR
Business segments
Q2 2026 · $4.81BThe company’s own SEC segment disclosure.
- Natural Gas Liquids Reserves$3.76B78%
- Gathering And Processing Fees$553.0M11%
- Oil And Condensate$203.5M4%
- Storage Terminaling And Export$162.2M3%
- NGL Transportation Fractionation And Services$120.6M3%
- Midstream Services Other$11.4M0%
Targa Resources (TRGP) reported revenue of $4.44B in Q2 2026 (quarter ended Jun 30, 2026), up 4.2% from the same quarter a year earlier. That came with a gross margin of 48% and net income of $765M (17% of revenue). For the full year FY2025, revenue was $17.0B (+3.9% year on year) and net income $1.92B. Its largest product in Q2 2026 was Natural Gas Liquids Reserves at $3.76B, 78% of the disclosed total, well ahead of Gathering And Processing Fees at 11%.
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Oil & Gas Midstream
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