Targa Resources (TRGP) Change in Inventory (2011 - 2026)

Targa Resources' (TRGP) quarterly Change in Inventory came in at -$96.0 million in Q1 2026, down 21.83% year-on-year from -$122.8 million in Q1 2025, and down 67.83% sequentially from -$57.2 million in Q4 2025.

Targa Resources (TRGP) Change in Inventory (2011 - 2026) Analysis & Trends

Targa Resources' Change in Inventory history runs 16 years deep, the most recent figure standing at -$96.0 million for Q1 2026.

  • In Q1 2026, Change in Inventory fell 21.83% year-over-year to -$96.0 million; the TTM figure through Mar 2026 stood at $72.3 million (up 108.36% YoY), while the FY2025 annual figure was $89.5 million, up 367.16% from the prior year.
  • Change in Inventory came in at -$96.0 million for Q1 2026 at Targa Resources, down from -$57.2 million in the prior quarter.
  • Over five years, Change in Inventory peaked at $269.3 million in Q3 2022 and troughed at -$237.5 million in Q1 2023.
  • The 5-year median for Change in Inventory is -$55.9 million (2022), against an average of $9.4 million.
  • The widest annual swing landed in 2022, when Change in Inventory surged 681.75%; it then tumbled 324.87% in 2023.
  • A 5-year view of Change in Inventory shows it stood at -$84.3 million in 2022, then sank by 101.78% to -$170.1 million in 2023, then jumped by 52.56% to -$80.7 million in 2024, then grew by 29.12% to -$57.2 million in 2025, then slumped by 67.83% to -$96.0 million in 2026.
  • Per Business Quant data, the three most recent Change in Inventory figures were -$96.0 million in Q1 2026, -$57.2 million in Q4 2025, and $41.3 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Change in Inventory (Qtr)
1 Enbridge 1,308.38 Bn 1,309.08 Bn 6.70 Bn -
2 Kinder Morgan 112.34 Bn 113.42 Bn 3.08 Bn 19.00 Mn
3 Enterprise Products Partners 79.55 Bn 78.40 Bn - -
4 Energy Transfer 65.78 Bn 65.07 Bn 6.62 Bn -
5 Targa Resources 57.60 Bn 57.63 Bn 1.70 Bn -96.00 Mn
6 Mplx 57.17 Bn 55.67 Bn 2.54 Bn 6.00 Mn
7 Oneok 54.83 Bn 54.70 Bn 2.57 Bn 173.00 Mn
8 Cheniere Energy Partners 29.50 Bn 29.22 Bn 838.00 Mn -29.00 Mn
9 Venture Global 27.41 Bn 27.36 Bn 4.33 Bn -17.00 Mn
10 Plains All American Pipeline 15.72 Bn 15.54 Bn 977.00 Mn -

Historic Data

Download Data
DateValue
Mar 31, 2026 -96.00 Mn
Mar 31, 2026 -96.00 Mn
Dec 31, 2025 -57.20 Mn
Dec 31, 2025 -57.20 Mn
Sep 30, 2025 41.30 Mn
Sep 30, 2025 41.30 Mn
Jun 30, 2025 184.20 Mn
Jun 30, 2025 184.20 Mn
Mar 31, 2025 -78.80 Mn
Mar 31, 2025 -78.80 Mn
Dec 31, 2024 -80.70 Mn
Dec 31, 2024 -80.70 Mn
Sep 30, 2024 107.40 Mn
Sep 30, 2024 107.40 Mn
Jun 30, 2024 86.80 Mn
Jun 30, 2024 86.80 Mn
Mar 31, 2024 -147.00 Mn
Mar 31, 2024 -147.00 Mn
Dec 31, 2023 -170.10 Mn
Dec 31, 2023 -170.10 Mn