Targa Resources (TRGP) EBITDA (2010 - 2026)
Targa Resources (TRGP) reported EBITDA of $1.69 billion for Q2 2026, up 19.9% from $1.41 billion a year earlier and up 32.6% from the prior quarter.
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Analysis
Targa Resources (TRGP) EBITDA (2010 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Targa Resources' EBITDA came in at $5.49 billion, up 22.5% year-over-year; for FY2025, it was $4.85 billion, up 17.7% from FY2024.
- EBITDA has increased for four consecutive years.
- By year, EBITDA came in at $4.12 billion in FY2024 (+4.1%), $3.96 billion in FY2023 (+40.0%), $2.83 billion in FY2022 (+62.8%) and $1.74 billion in FY2021.
- The Q2 2026 figure ranks as the highest quarterly EBITDA in data going back to Q2 2010.
- Year over year, EBITDA has now increased in each of the last five quarters, with growth averaging 21.3% over the last eight quarters.
- The high point for year-over-year EBITDA in five years was Q4 2022 (growth of 587.9%); the low point was Q4 2021 (a decline of 73.5%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $1.27 billion (Q1 2026), $1.31 billion (Q4 2025) and $1.22 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 102.52 Bn | 100.06 Bn | 4.84 Bn | 3.14 Bn |
| 2 | Enterprise Products Partners | 79.27 Bn | 77.71 Bn | - | 2.88 Bn |
| 3 | Energy Transfer | 69.21 Bn | 62.65 Bn | 7.40 Bn | 5.15 Bn |
| 4 | Kinder Morgan | 68.17 Bn | 69.12 Bn | 3.07 Bn | 1.97 Bn |
| 5 | Tc Energy | 61.09 Bn | 64.16 Bn | 2.81 Bn | 4.40 Bn |
| 6 | Targa Resources | 59.48 Bn | 59.10 Bn | 2.14 Bn | 1.69 Bn |
| 7 | Mplx | 58.45 Bn | 52.01 Bn | 2.91 Bn | 1.74 Bn |
| 8 | Oneok | 55.88 Bn | 54.37 Bn | 2.81 Bn | 1.98 Bn |
| 9 | Cheniere Energy | 55.70 Bn | 55.83 Bn | 5.29 Bn | 4.67 Bn |
| 10 | Venture Global | 32.11 Bn | 26.66 Bn | 2.92 Bn | 2.45 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.69 Bn |
| Mar 31, 2026 | 1.27 Bn |
| Dec 31, 2025 | 1.31 Bn |
| Sep 30, 2025 | 1.22 Bn |
| Jun 30, 2025 | 1.41 Bn |
| Mar 31, 2025 | 910.90 Mn |
| Dec 31, 2024 | 1.08 Bn |
| Sep 30, 2024 | 1.08 Bn |
| Jun 30, 2024 | 975.80 Mn |
| Mar 31, 2024 | 979.90 Mn |
| Dec 31, 2023 | 976.70 Mn |
| Sep 30, 2023 | 836.40 Mn |
| Jun 30, 2023 | 981.20 Mn |
| Mar 31, 2023 | 1.16 Bn |
| Dec 31, 2022 | 881.20 Mn |
| Sep 30, 2022 | 717.20 Mn |
| Jun 30, 2022 | 721.80 Mn |
| Mar 31, 2022 | 504.90 Mn |
| Dec 31, 2021 | 128.10 Mn |
| Sep 30, 2021 | 589.30 Mn |
API Access
Targa Resources EBITDA 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=ebitda&ticker=TRGP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebitda", "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=ebitda&ticker=TRGP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();