Targa Resources (TRGP) Cash from Operations (2011 - 2026)
Targa Resources' Cash from Operations was $1.44 billion in Q2 2026, up 67.9% from $858.3 million a year earlier and up 94.9% from the prior quarter.
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Analysis
Targa Resources (TRGP) Cash from Operations (2011 - 2026) Analysis & Trends
On a trailing twelve-month basis, Targa Resources' Cash from Operations was $4.29 billion through Jun 30, 2026, up 16.4% year-over-year; for FY2025, it came in at $3.92 billion, up 7.3% from FY2024.
- Cash from Operations has now increased for nine consecutive years, with a five-year compound annual growth rate of 17.6% (FY2020 to FY2025).
- In earlier years, Cash from Operations was $3.65 billion in FY2024 (+13.6%), $3.21 billion in FY2023 (+34.9%), $2.38 billion in FY2022 (+3.4%) and $2.3 billion in FY2021 (+32.0%).
- Quarterly Cash from Operations has moved between $407.3 million (Q3 2023) and $1.51 billion (Q4 2025) over five years.
- Compared with a year earlier, Cash from Operations was higher in six of the last eight quarters, with growth averaging 18.1%.
- The best year-over-year quarter for Cash from Operations over five years was Q4 2023 (growth of 78.2%); the worst was Q1 2024 (a decline of 25.1%).
- Per Business Quant data, TRGP's Cash from Operations in the three quarters before Q2 2026 was $739.5 million (Q1 2026), $1.51 billion (Q4 2025) and $599.2 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cash from Ops. (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 101.88 Bn | 99.42 Bn | 4.84 Bn | 2.97 Bn |
| 2 | Enterprise Products Partners | 77.78 Bn | 76.22 Bn | - | 3.18 Bn |
| 3 | Energy Transfer | 68.56 Bn | 62.00 Bn | 7.40 Bn | 4.27 Bn |
| 4 | Kinder Morgan | 67.77 Bn | 68.72 Bn | 3.07 Bn | 1.96 Bn |
| 5 | Tc Energy | 60.65 Bn | 63.72 Bn | 2.81 Bn | 1.88 Bn |
| 6 | Targa Resources | 58.65 Bn | 58.26 Bn | 2.14 Bn | 1.44 Bn |
| 7 | Mplx | 57.82 Bn | 51.38 Bn | 2.91 Bn | 1.70 Bn |
| 8 | Cheniere Energy | 55.20 Bn | 55.33 Bn | 5.29 Bn | 1.58 Bn |
| 9 | Oneok | 54.77 Bn | 53.26 Bn | 2.81 Bn | 2.05 Bn |
| 10 | Venture Global | 31.21 Bn | 25.77 Bn | 2.92 Bn | 2.07 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.44 Bn |
| Mar 31, 2026 | 739.50 Mn |
| Dec 31, 2025 | 1.51 Bn |
| Sep 30, 2025 | 599.20 Mn |
| Jun 30, 2025 | 858.30 Mn |
| Mar 31, 2025 | 954.40 Mn |
| Dec 31, 2024 | 1.33 Bn |
| Sep 30, 2024 | 540.90 Mn |
| Jun 30, 2024 | 904.50 Mn |
| Mar 31, 2024 | 876.40 Mn |
| Dec 31, 2023 | 957.70 Mn |
| Sep 30, 2023 | 407.30 Mn |
| Jun 30, 2023 | 676.80 Mn |
| Mar 31, 2023 | 1.17 Bn |
| Dec 31, 2022 | 537.50 Mn |
| Sep 30, 2022 | 459.60 Mn |
| Jun 30, 2022 | 635.50 Mn |
| Mar 31, 2022 | 748.20 Mn |
| Dec 31, 2021 | 504.10 Mn |
| Sep 30, 2021 | 495.20 Mn |
API Access
Targa Resources Cash from Operations API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cash-from-operations&ticker=TRGP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cash-from-operations", "ticker": "TRGP", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cash-from-operations&ticker=TRGP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();