Targa Resources TRGP
NYSE TRGP
$290.01 -3.59 (-1.22%)
At close: Sep 4, 2026 · 4:00 PM EDT

Targa Resources (TRGP) EV to EBITDA (2010 - 2026)

Targa Resources' (TRGP) quarterly EV to EBITDA came in at 36.27 in Q2 2026, up 28.13% year-over-year from 28.3 in Q2 2025, and down 21.26% quarter-over-quarter from 46.06 in Q1 2026.

Analysis

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

Targa Resources (TRGP) has reported EV to EBITDA for 17 consecutive years, with 36.27 the latest figure, recorded in Q2 2026.

  • On a quarterly basis, EV to EBITDA rose 28.13% year-over-year to 36.27 in Q2 2026; TTM through Jun 2026 was 11.23, a 23.62% increase from a year earlier, with the FY2025 full-year figure at 8.75, down 19.13% from the prior year.
  • EV to EBITDA was 36.27 for Q2 2026 at Targa Resources, down from 46.06 in the prior quarter.
  • Over five years, EV to EBITDA peaked at 52.52 in Q1 2025 and troughed at 17.03 in Q1 2023.
  • A 5-year average of 31.62 and a median of 30.83 in 2024 frame the typical range for EV to EBITDA.
  • The widest YoY moves for EV to EBITDA: up 109.67% in 2022, down 84.6% in 2022.
  • Over 5 years, EV to EBITDA stood at 24.12 in 2022, then fell by 0.84% to 23.92 in 2023, then surged by 71.93% to 41.13 in 2024, then decreased by 21.55% to 32.26 in 2025, then rose by 12.4% to 36.27 in 2026.
  • The last three EV to EBITDA figures came in at 36.27 (Q2 2026), 46.06 (Q1 2026), and 32.26 (Q4 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 Kinder Morgan 111.69 Bn 112.81 Bn 3.07 Bn
2 Enterprise Products Partners 84.07 Bn 83.21 Bn -
3 Energy Transfer 74.03 Bn 73.00 Bn 7.40 Bn
4 Tc Energy 65.16 Bn 64.62 Bn 1.80 Bn
5 Targa Resources 62.18 Bn 62.19 Bn 2.14 Bn
6 Mplx 60.51 Bn 59.48 Bn 2.73 Bn
7 Oneok 60.16 Bn 60.09 Bn 2.81 Bn
8 Enbridge 54.38 Bn 54.88 Bn 5.23 Bn
9 Pembina Pipeline 28.12 Bn 27.76 Bn 933.00 Mn
10 Gas Transporter Of The South 21.92 Bn -3,019.13 Bn -
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 36.27
Mar 31, 2026 46.06
Dec 31, 2025 32.26
Sep 30, 2025 31.61
Jun 30, 2025 28.30
Mar 31, 2025 52.52
Dec 31, 2024 41.13
Sep 30, 2024 34.41
Jun 30, 2024 33.93
Mar 31, 2024 30.05
Dec 31, 2023 23.92
Sep 30, 2023 28.17
Jun 30, 2023 21.18
Mar 31, 2023 17.03
Dec 31, 2022 24.12
Sep 30, 2022 24.83
Jun 30, 2022 22.67
Mar 31, 2022 40.69
Dec 31, 2021 156.67
Sep 30, 2021 25.60