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| 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 |