Targa Resources (TRGP) EBITDA (2010 - 2026)

Targa Resources' (TRGP) quarterly EBITDA came in at $1.2 billion in Q1 2026, up 41.03% year-on-year from $829.4 million in Q1 2025, and up 173.91% sequentially from -$1.6 billion in Q4 2025.

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

Targa Resources' EBITDA history runs 17 years deep, the most recent figure standing at $1.2 billion for Q1 2026.

  • In Q1 2026, EBITDA rose 41.03% year-over-year to $1.2 billion; the TTM figure through Mar 2026 stood at $2.1 billion (down 44.37% YoY), while the FY2025 annual figure was $1.7 billion, down 54.3% from the prior year.
  • EBITDA came in at $1.2 billion for Q1 2026 at Targa Resources, up 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.
  • The 5-year median for EBITDA is $882.5 million (2024), against an average of $621.3 million.
  • The widest annual swing landed in 2022, when EBITDA jumped 713.96%; it then slumped 272.44% in 2023.
  • A 5-year view of EBITDA shows it stood at $775.7 million in 2022, then tumbled by 272.44% to -$1.3 billion in 2023, then surged by 173.69% to $985.7 million in 2024, then tumbled by 260.57% to -$1.6 billion in 2025, then surged by 173.91% to $1.2 billion in 2026.
  • Per Business Quant data, the three most recent EBITDA figures were $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 Torm 26,839.46 Bn 26,839.30 Bn - -
2 Imperial Petroleum 730.62 Bn 730.54 Bn 50.64 Mn 34.93 Mn
3 Kinder Morgan 450.75 Bn 451.83 Bn 3.08 Bn 1.44 Bn
4 Enterprise Products Partners 316.77 Bn 315.62 Bn - 1.90 Bn
5 Energy Transfer 263.37 Bn 262.65 Bn 6.62 Bn 2.98 Bn
6 Targa Resources 235.18 Bn 235.21 Bn 1.70 Bn 1.17 Bn
7 Mplx 230.21 Bn 228.70 Bn 2.54 Bn 1.53 Bn
8 Oneok 224.24 Bn 224.11 Bn 2.57 Bn 1.43 Bn
9 Cheniere Energy 210.54 Bn 212.74 Bn 5.86 Bn -3.12 Bn
10 Enbridge 157.88 Bn 158.58 Bn 6.70 Bn 2.35 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