Targa Resources Corp. (TRGP) Revenue by Segment
Targa Resources revenue by segment at a glance
In Q2 fiscal 2026 (the quarter ended June 30, 2026), Targa Resources's largest business segment was Logistics and Transportation, with $3.46 billion or 78% of revenue, up 2.8% from a year earlier. Next: Gathering and Processing (20%) and All other segments (2%).
By product or service, Natural Gas Liquids (NGL) brought in 85%, Gathering and Processing Fees brought in 12% and NGL Transportation Fractionation and Services brought in 3% of revenue in Q2 fiscal 2026.
The fastest-growing business segment from a year earlier was Gathering and Processing (+42.8%).
From company filings, in USD; latest quarter ended June 30, 2026; quarterly data from Q3 fiscal 2017.
Targa Resources Corp.
Revenue breakdown
Fiscal quarters, from company filings
Targa Resources revenue by business segment, last 4 quarters
| Business segment | Q2 FY26 | Q3 FY25 | Q2 FY25 | Q1 FY25 | Share |
|---|---|---|---|---|---|
| Logistics and Transportation | $3.5B | $3.5B | $3.4B | $4.1B | 78% |
| Gathering and Processing | $876.7M | $700.4M | $613.9M | $675.8M | 20% |
| All other segments | $103.1M | – | $280.5M | – | 2% |
In USD, fiscal quarters as reported; share = part of Q2 FY26 revenue.
Targa Resources revenue by product or service, last 4 quarters
| Product or service | Q2 FY26 | Q1 FY26 | Q3 FY25 | Q2 FY25 | Share |
|---|---|---|---|---|---|
| Natural Gas Liquids (NGL) | $3.8B | $3.0B | $2.9B | – | 85% |
| Gathering and Processing Fees | $553.0M | $559.7M | $465.9M | – | 12% |
| NGL Transportation Fractionation and Services | $120.6M | $68.5M | – | – | 3% |
| Midstream Services Other | $11.4M | – | $15.3M | – | under 1% |
In USD, fiscal quarters as reported; share = part of Q2 FY26 revenue.
Questions and answers
What are Targa Resources's business segments?
Logistics and Transportation, Gathering and Processing and All other segments (as reported for Q2 fiscal 2026).
Which business segment makes the most money for Targa Resources?
Logistics and Transportation: $3.46 billion, or 78% of revenue, in Q2 fiscal 2026.
What are Targa Resources's main products and services?
By revenue in Q2 fiscal 2026: Natural Gas Liquids (NGL) (85%), Gathering and Processing Fees (12%), NGL Transportation Fractionation and Services (3%) and Midstream Services Other (under 1%).
