Targa Resources, Inc. (TRGP Quick QuoteTRGP - Free Report) reported $4.26 billion in revenue for the quarter ended June 2025, representing a year-over-year increase of 19.6%. EPS of $2.87 for the same period compares to $1.33 a year ago.

The reported revenue compares to the Zacks Consensus Estimate of $4.85 billion, representing a surprise of -12.19%. The company delivered an EPS surprise of +50.26%, with the consensus EPS estimate being $1.91.

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: 606.4 millions of barrels of oil per day versus the two-analyst average estimate of 591.25 millions of barrels of oil per day.
• Gathering and Processing - Gross NGL production - Coastal: 31.6 millions of barrels of oil versus 32.03 millions of barrels of oil estimated by two analysts on average.
• Gathering and Processing - Condensate sales per day: 20.1 millions of barrels of oil per day versus the two-analyst average estimate of 19.31 millions of barrels of oil per day.
• Logistics and Marketing - NGL sales: 1151.1 millions of barrels of oil compared to the 1093.79 millions of barrels of oil average estimate based on two analysts.
• Logistics and Marketing - Export volumes: 423.1 millions of barrels of oil versus 443.45 millions of barrels of oil estimated by two analysts on average.
• Logistics and Marketing - Fractionation volumes: 969.1 millions of barrels of oil versus 1106.38 millions of barrels of oil estimated by two analysts on average.
• Gathering and Processing - Total Plant natural gas inlet volumes: 7894 millions of cubic feet compared to the 7645.53 millions of cubic feet average estimate based on two analysts.
• Gathering and Processing - Total Gross NGL production: 1025.2 millions of barrels of oil compared to the 990.94 millions of barrels of oil average estimate based on two analysts.
• Gathering and Processing - Average realized prices - Condensate: $63.79 versus the two-analyst average estimate of $62.47.
• Gathering and Processing - Average realized prices - Natural gas: $1.01 compared to the $1.75 average estimate based on two analysts.
• Gathering and Processing - Average realized prices - NGL: $0.41 versus $0.45 estimated by two analysts on average.
• Gathering and Processing - Plant natural gas inlet volumes - Badlands: 130.9 millions of cubic feet versus 141.6 millions of cubic feet estimated by two analysts on average.

View all Key Company Metrics for Targa Resources here>>>

Shares of Targa Resources have returned -4.5% over the past month versus the Zacks S&P 500 composite's +1.2% 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.