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CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Revenues:    
Total revenues $ 4,561.5 $ 4,562.4
Costs and expenses:    
Product purchases and fuel 3,257.8 3,218.0
Operating expenses 303.6 278.0
Depreciation and amortization expense 367.6 340.5
General and administrative expense 94.5 86.5
Other operating (income) expense (5.3) 0.0
Income (loss) from operations 543.3 639.4
Other income (expense):    
Interest expense, net (197.1) (228.6)
Equity earnings (loss) 5.5 2.8
Other, net 0.3 1.7
Income (loss) before income taxes 352.0 415.3
Income tax (expense) benefit (72.2) (82.7)
Net income (loss) 279.8 332.6
Less: Net income (loss) attributable to noncontrolling interests 9.3 57.4
Net income (loss) attributable to Targa Resources Corp. 270.5 275.2
Premium on repurchase of noncontrolling interests, net of tax 70.5  
Net income (loss) attributable to common shareholders $ 200.0 $ 275.2
Net income (loss) per common share - basic $ 0.91 $ 1.23
Net income (loss) per common share - diluted $ 0.91 $ 1.22
Weighted average shares outstanding - basic 217.9 222.8
Weighted average shares outstanding - diluted 218.7 223.7
Sales of Commodities [Member]    
Revenues:    
Total revenues $ 3,884.4 $ 3,942.4
Fees from Midstream Services [Member]    
Revenues:    
Total revenues $ 677.1 $ 620.0