Targa Resources (TRGP) Deferred Taxes (2010 - 2026)

Targa Resources' (TRGP) quarterly Deferred Taxes came in at $123.9 million in Q1 2026, up 117.75% year-on-year from $56.9 million in Q1 2025, and down 5.49% on a QoQ basis from $131.1 million in Q4 2025.

Targa Resources (TRGP) Deferred Taxes (2010 - 2026) Analysis & Trends

Targa Resources (TRGP) has 17 years of Deferred Taxes data on file, last reported at $123.9 million in Q1 2026.

  • On a quarterly basis, Deferred Taxes rose 117.75% year-over-year to $123.9 million in Q1 2026; TTM through Mar 2026 was $583.6 million, a 69.6% increase from a year earlier, with the FY2025 full-year figure at $516.6 million, up 40.76% from the prior year.
  • Deferred Taxes for Q1 2026 stood at $123.9 million, down from $131.1 million in the prior quarter.
  • Over the last five years, Deferred Taxes for TRGP reached as high as $169.8 million in Q2 2025 and fell as low as $8.7 million in Q4 2022.
  • Historically, Deferred Taxes has averaged $87.2 million across 5 years, with a median of $93.0 million in 2023.
  • Across the five-year window, Deferred Taxes surged 1360.34% in 2022 and retreated 28.7% in 2025, its largest moves.
  • Year by year, Deferred Taxes stood at $8.7 million in 2022, then surged by 1020.69% to $97.5 million in 2023, then increased by 5.54% to $102.9 million in 2024, then gained by 27.41% to $131.1 million in 2025, then fell by 5.49% to $123.9 million in 2026.
  • Per Business Quant data, the three most recent Deferred Taxes figures were $123.9 million in Q1 2026, $131.1 million in Q4 2025, and $158.8 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Deferred Taxes (Qtr)
1 DHT Holdings 2,706.13 Bn 2,706.00 Bn 167.16 Mn -
2 Flex LNG 1,674.16 Bn 1,673.77 Bn 61.79 Mn -
3 Kinder Morgan 112.74 Bn 113.82 Bn 3.07 Bn 295.00 Mn
4 Enbridge 89.82 Bn 89.03 Bn 6.70 Bn 197.61 Mn
5 Enterprise Products Partners 83.97 Bn 82.82 Bn - 14.00 Mn
6 Tc Energy 72.76 Bn 73.95 Bn 1.36 Bn 76.73 Mn
7 Energy Transfer 70.27 Bn 69.30 Bn 6.62 Bn 93.00 Mn
8 Targa Resources 61.30 Bn 61.34 Bn 1.70 Bn 123.90 Mn
9 Oneok 61.15 Bn 61.02 Bn 8.98 Bn 256.00 Mn
10 Mplx 58.39 Bn 56.89 Bn 1.95 Bn -

Historic Data

Download Data
DateValue
Mar 31, 2026 123.90 Mn
Dec 31, 2025 131.10 Mn
Sep 30, 2025 158.80 Mn
Jun 30, 2025 169.80 Mn
Mar 31, 2025 56.90 Mn
Dec 31, 2024 102.90 Mn
Sep 30, 2024 93.30 Mn
Jun 30, 2024 91.00 Mn
Mar 31, 2024 79.80 Mn
Dec 31, 2023 97.50 Mn
Sep 30, 2023 53.10 Mn
Jun 30, 2023 93.00 Mn
Mar 31, 2023 106.00 Mn
Dec 31, 2022 8.70 Mn
Sep 30, 2022 10.60 Mn
Jun 30, 2022 84.70 Mn
Mar 31, 2022 21.10 Mn
Dec 31, 2021 -9.40 Mn
Sep 30, 2021 1.20 Mn
Jun 30, 2021 5.80 Mn