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| Date | Value |
|---|---|
| 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 |