Stocks Comparison
NGL Energy Partners vs Targa Resources: revenue, profit, margins and growth compared
NGL Energy Partners brought in $3.2B of revenue in fiscal 2026, Targa Resources $17B in fiscal 2025. Revenue changed by -9.0% at NGL Energy Partners and +3.9% at Targa Resources on the year before, so Targa Resources grew faster. NGL Energy Partners kept -4.5% of its revenue as net profit, Targa Resources 11.3%. Free cash flow was $144.7M at NGL Energy Partners and $584.1M at Targa Resources.
Side by side, latest fiscal year
| NGL | TRGP | |
|---|---|---|
| Fiscal year ended | FY2026 (March 31, 2026) | FY2025 (December 31, 2025) |
| Revenue | $3.2B | $17B |
| Revenue growth | -9.0% | +3.9% |
| Net income | -$142.3M | $1.9B |
| Net margin | -4.5% | 11.3% |
| Free cash flow | $144.7M | $584.1M |
| Free cash flow margin | 4.6% | 3.4% |
| Earnings per share (diluted) | n/a | $8.49 |
| Cash | $8.5M | $166.1M |
| Debt | $3.2B | $17.4B |
| Price to earnings | n/a | 32.7 |
| Market value | $1.9B | $59.6B |
| Dividend yield | n/a | 1.35% |
| Rank by revenue in sector | #49 of 109 · Utilities | #16 of 109 · Utilities |
Over the years
Questions about NGL Energy Partners and Targa Resources
Which is bigger by revenue, NGL Energy Partners or Targa Resources?
Targa Resources is bigger by revenue: $17B in fiscal 2025, against $3.2B for NGL Energy Partners in fiscal 2026.
Which keeps more of its revenue as profit, NGL Energy Partners or Targa Resources?
NGL Energy Partners had a net margin of -4.5% in fiscal 2026; Targa Resources had 11.3% in fiscal 2025.
Which grew revenue faster, NGL Energy Partners or Targa Resources?
In their latest fiscal years revenue changed by -9.0% at NGL Energy Partners and +3.9% at Targa Resources.
Where do these numbers come from?
From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.