Targa Resources (TRGP) EBITDA (2010 - 2026)

Targa Resources (TRGP) reported EBITDA of $1.2 billion for Q1 2026, up 41.03% year-over-year from $829.4 million in Q1 2025, and up 173.91% quarter-over-quarter from -$1.6 billion in Q4 2025.

Targa Resources (TRGP) EBITDA (2010 - 2026) Analysis & Trends

Targa Resources (TRGP) has 17 years of EBITDA data on file, last reported at $1.2 billion in Q1 2026.

  • EBITDA for Q1 2026 came in at $1.2 billion, up 41.03% year-over-year; the trailing twelve-month figure through Mar 2026 was $2.1 billion (down 44.37% YoY), and the FY2025 annual result was $1.7 billion, down 54.3% from the prior year.
  • EBITDA rose to $1.2 billion in Q1 2026 per TRGP's latest filing, from -$1.6 billion in the prior quarter.
  • Over five years, EBITDA peaked at $1.3 billion in Q2 2025 and troughed at -$1.6 billion in Q4 2025.
  • A 5-year average of $621.3 million and a median of $882.5 million in 2024 frame the typical range for EBITDA.
  • The sharpest annual moves came in 2022 and 2023: EBITDA soared 713.96% in 2022, then sank 272.44% in 2023.
  • A 5-year view of EBITDA shows it stood at $775.7 million in 2022, then slumped by 272.44% to -$1.3 billion in 2023, then jumped by 173.69% to $985.7 million in 2024, then slumped by 260.57% to -$1.6 billion in 2025, then jumped by 173.91% to $1.2 billion in 2026.
  • Business Quant data shows TRGP's EBITDA at $1.2 billion in Q1 2026, -$1.6 billion in Q4 2025, and $1.1 billion in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBITDA (Qtr)
1 Enbridge 88.15 Bn 88.85 Bn 6.70 Bn 2.35 Bn
2 Enterprise Products Partners 81.41 Bn 80.26 Bn - 1.90 Bn
3 Kinder Morgan 69.70 Bn 70.78 Bn 3.08 Bn 1.44 Bn
4 Energy Transfer 66.51 Bn 65.79 Bn 6.62 Bn 2.98 Bn
5 Scorpio Tankers 59.31 Bn 58.33 Bn - 214.13 Mn
6 Mplx 57.21 Bn 55.70 Bn 2.54 Bn 1.53 Bn
7 Targa Resources 56.78 Bn 56.82 Bn 1.70 Bn 1.17 Bn
8 Oneok 55.57 Bn 55.44 Bn 2.57 Bn 1.43 Bn
9 Tc Energy 50.90 Bn 52.09 Bn 2.95 Bn 2.03 Bn
10 Cheniere Energy 49.81 Bn 52.01 Bn 5.86 Bn -3.12 Bn

Historic Data

Download Data
DateValue
Mar 31, 2026 1.17 Bn
Dec 31, 2025 -1.58 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 -1.34 Bn
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
Jun 30, 2021 424.90 Mn