Targa Resources (TRGP) Deferred Taxes (2010 - 2026)
Targa Resources (TRGP) reported Deferred Taxes of $226.4 million for Q2 2026, up 33.3% from $169.8 million a year earlier and up 82.7% from the prior quarter.
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Analysis
Targa Resources (TRGP) Deferred Taxes (2010 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Targa Resources' Deferred Taxes came in at $640.2 million, up 51.4% year-over-year; for FY2025, it was $516.6 million, up 40.8% from FY2024.
- Deferred Taxes has increased for four consecutive years.
- By year, Deferred Taxes came in at $367 million in FY2024 (+5.0%), $349.6 million in FY2023 (+179.5%), $125.1 million in FY2022 (+933.9%) and $12.1 million in FY2021.
- The Q2 2026 figure ranks as the highest quarterly Deferred Taxes in data going back to Q2 2010.
- Year over year, Deferred Taxes has now increased in each of the last five quarters, with growth averaging 48.5% over the last eight quarters.
- The high point for year-over-year Deferred Taxes in five years was Q3 2022 (growth of 783.3%); the low point was Q3 2021 (a decline of 96.2%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $123.9 million (Q1 2026), $131.1 million (Q4 2025) and $158.8 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Deferred Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 102.52 Bn | 100.06 Bn | 4.84 Bn | 133.02 Mn |
| 2 | Enterprise Products Partners | 79.27 Bn | 77.71 Bn | - | 5.00 Mn |
| 3 | Energy Transfer | 69.21 Bn | 62.65 Bn | 7.40 Bn | 74.00 Mn |
| 4 | Kinder Morgan | 68.17 Bn | 69.12 Bn | 3.07 Bn | 295.00 Mn |
| 5 | Tc Energy | 61.09 Bn | 64.16 Bn | 2.81 Bn | 160.49 Mn |
| 6 | Targa Resources | 59.48 Bn | 59.10 Bn | 2.14 Bn | 226.40 Mn |
| 7 | Mplx | 58.45 Bn | 52.01 Bn | 2.91 Bn | - |
| 8 | Oneok | 55.88 Bn | 54.37 Bn | 2.81 Bn | 289.00 Mn |
| 9 | Cheniere Energy | 55.70 Bn | 55.83 Bn | 5.29 Bn | 312.00 Mn |
| 10 | Venture Global | 32.11 Bn | 26.66 Bn | 2.92 Bn | 296.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 226.40 Mn |
| 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 |
API Access
Targa Resources Deferred Taxes 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=deferred-taxes&ticker=TRGP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "deferred-taxes", "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=deferred-taxes&ticker=TRGP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();