For the quarter ended December 2025, Targa Resources, Inc. (TRGP) reported revenue of $4.06 billion, down 7.9% over the same period last year. EPS came in at $2.51, compared to $1.44 in the year-ago quarter.
The reported revenue represents a surprise of -21.69% over the Zacks Consensus Estimate of $5.18 billion. With the consensus EPS estimate being $2.39, the EPS surprise was +5.15%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Targa Resources performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:- Gathering and Processing - NGL sales per day: 650.6 millions of barrels of oil per day versus 922.53 millions of barrels of oil per day estimated by two analysts on average.
- Gathering and Processing - Gross NGL production - Coastal: 37.5 millions of barrels of oil versus 35.28 millions of barrels of oil estimated by two analysts on average.
- Gathering and Processing - Condensate sales per day: 21 millions of barrels of oil per day versus the two-analyst average estimate of 19.56 millions of barrels of oil per day.
- Logistics and Marketing - NGL sales: 1261.2 millions of barrels of oil versus 1260.49 millions of barrels of oil estimated by two analysts on average.
- Logistics and Marketing - Export volumes: 438.6 millions of barrels of oil compared to the 423.88 millions of barrels of oil average estimate based on two analysts.
- Logistics and Marketing - Fractionation volumes: 1144.4 millions of barrels of oil versus 1135.85 millions of barrels of oil estimated by two analysts on average.
- Gathering and Processing - Total Plant natural gas inlet volumes: 8364.9 millions of cubic feet versus 8347.08 millions of cubic feet estimated by two analysts on average.
- Gathering and Processing - Total Gross NGL production: 1107.3 millions of barrels of oil versus 1581.01 millions of barrels of oil estimated by two analysts on average.
- Gathering and Processing - Average realized prices - Condensate: $62.14 compared to the $59.59 average estimate based on two analysts.
- Gathering and Processing - Average realized prices - Natural gas: $0.38 versus the two-analyst average estimate of $2.24.
- Gathering and Processing - Average realized prices - NGL: $0.37 versus $0.41 estimated by two analysts on average.
- Gathering and Processing - Plant natural gas inlet volumes - Badlands: 123.9 millions of cubic feet versus the two-analyst average estimate of 131.88 millions of cubic feet.
View all Key Company Metrics for Targa Resources here>>>
Shares of Targa Resources have returned +19.8% over the past month versus the Zacks S&P 500 composite's -0.8% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.Zacks' Research Chief Names "Stock Most Likely to Double"
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