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| Date | Value |
|---|---|
| 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 |