Targa Resources (TRGP) Deferred Taxes (2010 - 2026)
Targa Resources (TRGP) posted quarterly Deferred Taxes of $123.9 million for Q1 2026, up 117.75% year-over-year from $56.9 million in Q1 2025, and down 5.49% quarter-over-quarter from $131.1 million in Q4 2025.
Targa Resources (TRGP) Deferred Taxes (2010 - 2026) Analysis & Trends
Targa Resources (TRGP) has reported Deferred Taxes for 17 consecutive years, with $123.9 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Deferred Taxes rose 117.75% year-over-year to $123.9 million; the TTM figure through Mar 2026 stood at $583.6 million (up 69.6% YoY), while the FY2025 annual figure was $516.6 million, up 40.76% from the prior year.
- Deferred Taxes retreated to $123.9 million in Q1 2026 per TRGP's latest filing, from $131.1 million in the prior quarter.
- Across five years, Deferred Taxes topped out at $169.8 million in Q2 2025 and bottomed at $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.
- Annual changes were most pronounced in 2022 — Deferred Taxes jumped 1360.34% — and 2025, when it slipped 28.7%.
- Targa Resources' Deferred Taxes stood at $8.7 million in 2022, then soared by 1020.69% to $97.5 million in 2023, then climbed by 5.54% to $102.9 million in 2024, then increased by 27.41% to $131.1 million in 2025, then dropped by 5.49% to $123.9 million in 2026.
- Business Quant data shows TRGP's Deferred Taxes at $123.9 million in Q1 2026, $131.1 million in Q4 2025, and $158.8 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Deferred Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 112.69 Bn | 112.57 Bn | 3.07 Bn | 295.00 Mn |
| 2 | Enbridge | 110.89 Bn | 109.40 Bn | 5.23 Bn | 133.02 Mn |
| 3 | Enterprise Products Partners | 83.45 Bn | 82.54 Bn | - | 5.00 Mn |
| 4 | Energy Transfer | 72.67 Bn | 71.64 Bn | 7.40 Bn | 74.00 Mn |
| 5 | Tc Energy | 65.89 Bn | 58.33 Bn | 1.24 Bn | 160.49 Mn |
| 6 | Oneok | 60.12 Bn | 59.96 Bn | 2.81 Bn | 289.00 Mn |
| 7 | Mplx | 59.97 Bn | 58.94 Bn | 2.73 Bn | - |
| 8 | Targa Resources | 59.56 Bn | 59.43 Bn | 2.14 Bn | 226.40 Mn |
| 9 | Cheniere Energy | 56.12 Bn | 54.86 Bn | 5.29 Bn | 312.00 Mn |
| 10 | Venture Global | 34.39 Bn | 31.17 Bn | 2.92 Bn | 296.00 Mn |
Historic Data
Download 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 |