Targa Resources (TRGP) Asset Utilization Ratio (2011 - 2026)
Targa Resources (TRGP) posted quarterly Asset Utilization Ratio of 0.63 for Q1 2026, down 12.02% year-over-year from 0.72 in Q1 2025, and down 8.19% quarter-over-quarter from 0.69 in Q4 2025.
Targa Resources (TRGP) Asset Utilization Ratio (2011 - 2026) Analysis & Trends
Targa Resources (TRGP) has reported Asset Utilization Ratio for 16 consecutive years, with 0.63 the latest figure, recorded in Q1 2026.
- In Q1 2026, Asset Utilization Ratio fell 12.02% year-over-year to 0.63; the TTM figure through Mar 2026 stood at 0.63 (down 12.02% YoY), while the FY2025 annual figure was 0.71, down 5.91% from the prior year.
- Asset Utilization Ratio eased to 0.63 in Q1 2026 per TRGP's latest filing, from 0.69 in the prior quarter.
- Across five years, Asset Utilization Ratio topped out at 2343.12 in Q1 2022 and bottomed at 0.63 in Q1 2026.
- Historically, Asset Utilization Ratio has averaged 164.83 across 5 years, with a median of 0.78 in 2024.
- Annual changes were most pronounced in 2022 — Asset Utilization Ratio jumped 106081.75% — and 2023, when it plunged 99.91%.
- Targa Resources' Asset Utilization Ratio stood at 2.12 in 2022, then tumbled by 46.32% to 1.14 in 2023, then tumbled by 35.47% to 0.73 in 2024, then retreated by 6.06% to 0.69 in 2025, then retreated by 8.19% to 0.63 in 2026.
- Business Quant data shows TRGP's Asset Utilization Ratio at 0.63 in Q1 2026, 0.69 in Q4 2025, and 0.73 in Q3 2025.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Asset Util. (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 112.69 Bn | 112.57 Bn | 3.07 Bn | 0.24 |
| 2 | Enbridge | 110.89 Bn | 109.40 Bn | 5.23 Bn | 0.36 |
| 3 | Enterprise Products Partners | 83.45 Bn | 82.54 Bn | - | 0.72 |
| 4 | Energy Transfer | 72.67 Bn | 71.64 Bn | 7.40 Bn | 0.58 |
| 5 | Tc Energy | 65.89 Bn | 58.33 Bn | 1.24 Bn | - |
| 6 | Oneok | 60.12 Bn | 59.96 Bn | 2.81 Bn | 0.58 |
| 7 | Mplx | 59.97 Bn | 58.94 Bn | 2.73 Bn | 0.31 |
| 8 | Targa Resources | 59.56 Bn | 59.43 Bn | 2.14 Bn | 0.60 |
| 9 | Cheniere Energy | 56.12 Bn | 54.86 Bn | 5.29 Bn | 0.45 |
| 10 | Venture Global | 34.39 Bn | 31.17 Bn | 2.92 Bn | 0.29 |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 0.60 |
| Mar 31, 2026 | 0.63 |
| Dec 31, 2025 | 0.69 |
| Sep 30, 2025 | 0.73 |
| Jun 30, 2025 | 0.74 |
| Mar 31, 2025 | 0.72 |
| Dec 31, 2024 | 0.73 |
| Sep 30, 2024 | 0.75 |
| Jun 30, 2024 | 0.77 |
| Mar 31, 2024 | 0.78 |
| Dec 31, 2023 | 1.14 |
| Sep 30, 2023 | 4.19 |
| Jun 30, 2023 | 70.72 |
| Mar 31, 2023 | 2.07 |
| Dec 31, 2022 | 2.12 |
| Sep 30, 2022 | 121.34 |
| Jun 30, 2022 | 250.94 |
| Mar 31, 2022 | 2,343.12 |
| Dec 31, 2021 | 4.71 |
| Sep 30, 2021 | 3.82 |