Compare
Targa Resources Corp. vs Energy Transfer LP vs NGL Energy Partners LP vs Kinetik Holdings Inc.
| Latest fiscal year | Targa Resources Corp. TRGP | Energy Transfer LP ET | NGL Energy Partners LP NGL | Kinetik Holdings Inc. KNTK |
|---|---|---|---|---|
| Year ended | 2025-12-31 | 2025-12-31 | 2026-03-31 | 2025-12-31 |
| Revenue | $17.03B | $85.54B | $3.16B | $1.76B |
| Revenue growth (YoY) | +3.9% | +3.5% | -9.0% | +19.0% |
| Gross margin | 38.3% (computed) | 25.8% (computed) | n/a | n/a |
| Operating margin | 19.6% | 10.6% | 3.0% | 9.3% |
| Net margin | 11.3% | 5.2% | -4.4% | 29.8% |
| Net income | $1.92B | $4.43B | -$139.16M | $525.93M |
| EPS (Diluted) | $8.49 | n/a | n/a | $2.63 |
| Operating cash flow | $3.92B | $10.15B | $350.32M | $604.12M |
| Free cash flow | $584.10M | $3.85B | $129.04M | $111.65M |
| Cash & equivalents | $166.10M | $1.27B | $8.51M | $3.95M |
| Total assets | $25.22B | $141.29B | $4.18B | $7.10B |
| Total liabilities | n/a | n/a | n/a | $4.17B |
| Shareholders' equity | $3.20B | $49.01B | n/a | -$565.38M |
| Return on year-end equity | 60.1% | 9.0% | n/a | n/a |
| Shares outstanding | 214.66M | n/a | n/a | n/a |
Revenue, most recent five fiscal years
| Fiscal year | Targa Resources Corp. | Energy Transfer LP | NGL Energy Partners LP | Kinetik Holdings Inc. |
|---|---|---|---|---|
| Latest | $17.03B Ended 2025-12-31 | $85.54B Ended 2025-12-31 | $3.16B Ended 2026-03-31 | $1.76B Ended 2025-12-31 |
| 1 year earlier | $16.38B Ended 2024-12-31 | $82.67B Ended 2024-12-31 | $3.47B Ended 2025-03-31 | $1.48B Ended 2024-12-31 |
| 2 years earlier | $16.06B Ended 2023-12-31 | $78.59B Ended 2023-12-31 | $4.15B Ended 2024-03-31 | $1.26B Ended 2023-12-31 |
| 3 years earlier | $20.93B Ended 2022-12-31 | $89.88B Ended 2022-12-31 | $5.68B Ended 2023-03-31 | $1.21B Ended 2022-12-31 |
| 4 years earlier | $16.95B Ended 2021-12-31 | $67.42B Ended 2021-12-31 | $7.95B Ended 2022-03-31 | $662.04M Ended 2021-12-31 |