Targa Resources Corp. reported earnings results for the third quarter and nine months ended September 30, 2025. For the third quarter, the company reported revenue was USD 4,151.2 million compared to USD 3,851.8 million a year ago. Revenue was USD 4,151.2 million compared to USD 3,851.8 million a year ago. Net income was USD 478.4 million compared to USD 387.4 million a year ago. Net income was USD 478.4 million compared to USD 387.4 million a year ago. Basic earnings per share from continuing operations was USD 2.21 compared to USD 1.76 a year ago. Diluted earnings per share from continuing operations was USD 2.2 compared to USD 1.75 a year ago.
For the nine months, revenue was USD 12,972.8 million compared to USD 11,976.2 million a year ago. Revenue was USD 12,972.8 million compared to USD 11,976.2 million a year ago. Net income was USD 1,378 million compared to USD 961 million a year ago. Net income was USD 1,378 million compared to USD 961 million a year ago. Basic earnings per share from continuing operations was USD 6 compared to USD 4.32 a year ago. Diluted earnings per share from continuing operations was USD 5.98 compared to USD 4.3 a year ago.
Targa Resources Corp. is a provider of midstream services in North America. The Company owns, operates, acquires and develops a diversified portfolio of complementary domestic midstream infrastructure assets and delivers energy across the United States. The Company is engaged in the business of gathering, compressing, treating, processing, transporting, and purchasing and selling natural gas; transporting, storing, fractionating, treating, and purchasing and selling natural gas liquids (NGLs) and NGL products, including services to liquefied petroleum gas (LPG) exporters; and gathering, storing, terminaling, and purchasing and selling crude oil. Its segments are Gathering and Processing, and Logistics and Transportation. Gathering and Processing segment includes assets used in the gathering and/or purchase and sale of natural gas produced from oil and gas wells. Logistics and Transportation segment includes the activities and assets necessary to convert mixed NGLs into NGL products.
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