Targa Resources (TRGP) EBITDA (2010 - 2026)
Targa Resources' (TRGP) quarterly EBITDA came in at $1.6 billion in Q2 2026, up 19.6% year-over-year from $1.3 billion in Q2 2025, and up 35.56% quarter-over-quarter from $1.2 billion in Q1 2026.
Analysis
Targa Resources (TRGP) EBITDA (2010 - 2026) Analysis & Trends
Targa Resources (TRGP) has reported EBITDA for 17 consecutive years, with $1.6 billion the latest figure, recorded in Q2 2026.
- On a quarterly basis, EBITDA rose 19.6% year-over-year to $1.6 billion in Q2 2026; TTM through Jun 2026 was $5.1 billion, a 23.95% increase from a year earlier, with the FY2025 full-year figure at $4.5 billion, up 20.7% from the prior year.
- EBITDA was $1.6 billion for Q2 2026 at Targa Resources, up from $1.2 billion in the prior quarter.
- Over five years, EBITDA peaked at $1.6 billion in Q2 2026 and troughed at $476.9 million in Q1 2022.
- A 5-year average of $954.2 million and a median of $885.9 million in 2023 frame the typical range for EBITDA.
- Across the five-year window, EBITDA surged 713.96% in 2022 and decreased 16.79% in 2024, its largest moves.
- Over 5 years, EBITDA stood at $775.7 million in 2022, then advanced by 13.54% to $880.7 million in 2023, then climbed by 11.92% to $985.7 million in 2024, then grew by 24.42% to $1.2 billion in 2025, then gained by 29.29% to $1.6 billion in 2026.
- The last three EBITDA figures came in at $1.6 billion (Q2 2026), $1.2 billion (Q1 2026), and $1.2 billion (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 111.69 Bn | 112.81 Bn | 3.07 Bn | 1.35 Bn |
| 2 | Enterprise Products Partners | 84.07 Bn | 83.21 Bn | - | 2.25 Bn |
| 3 | Energy Transfer | 74.03 Bn | 73.00 Bn | 7.40 Bn | 3.57 Bn |
| 4 | Tc Energy | 65.16 Bn | 64.62 Bn | 1.80 Bn | 1.67 Bn |
| 5 | Targa Resources | 62.18 Bn | 62.19 Bn | 2.14 Bn | 1.59 Bn |
| 6 | Mplx | 60.51 Bn | 59.48 Bn | 2.73 Bn | 1.70 Bn |
| 7 | Oneok | 60.16 Bn | 60.09 Bn | 2.81 Bn | 1.59 Bn |
| 8 | Enbridge | 54.38 Bn | 54.88 Bn | 5.23 Bn | 2.10 Bn |
| 9 | Pembina Pipeline | 28.12 Bn | 27.76 Bn | 933.00 Mn | 806.00 Mn |
| 10 | Gas Transporter Of The South | 21.92 Bn | -3,019.13 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.59 Bn |
| Mar 31, 2026 | 1.17 Bn |
| Dec 31, 2025 | 1.23 Bn |
| Sep 30, 2025 | 1.14 Bn |
| Jun 30, 2025 | 1.33 Bn |
| Mar 31, 2025 | 829.40 Mn |
| Dec 31, 2024 | 985.70 Mn |
| Sep 30, 2024 | 990.30 Mn |
| Jun 30, 2024 | 882.50 Mn |
| Mar 31, 2024 | 886.60 Mn |
| Dec 31, 2023 | 880.70 Mn |
| Sep 30, 2023 | 740.40 Mn |
| Jun 30, 2023 | 885.20 Mn |
| Mar 31, 2023 | 1.07 Bn |
| Dec 31, 2022 | 775.70 Mn |
| Sep 30, 2022 | 636.50 Mn |
| Jun 30, 2022 | 693.80 Mn |
| Mar 31, 2022 | 476.90 Mn |
| Dec 31, 2021 | 95.30 Mn |
| Sep 30, 2021 | 556.70 Mn |