Targa Resources (TRGP) EV to EBITDA (2011 - 2026)
Targa Resources' (TRGP) EV to EBITDA stood at 10.48 in Q2 2026, up 25.1% from 8.37 a year earlier and up 1.3% from the prior quarter.
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Analysis
Targa Resources (TRGP) EV to EBITDA (2011 - 2026) Analysis & Trends
On a TTM basis, Targa Resources' EV to EBITDA came in at 10.41 as of Jun 30, 2026, up 25.7% year-over-year; for FY2025, it came in at 8.16, down 17.1% from FY2024.
- Across earlier years, EV to EBITDA came in at 9.84 in FY2024 (+84.8%), 5.33 in FY2023 (-19.6%), 6.62 in FY2022 (-23.0%) and 8.60 in FY2021.
- The Q2 2026 figure is the highest quarterly EV to EBITDA since Q1 2025.
- On a year-over-year basis, EV to EBITDA rose in five of the last eight quarters, with growth averaging 24.5%.
- Peak year-over-year performance for EV to EBITDA in the last five years was growth of 121.2% in Q1 2022, against a decline of 54.9% in Q1 2023 at the low end.
- Per Business Quant, the preceding three quarters came in at 10.34 (Q1 2026), 8.16 (Q4 2025) and 7.80 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Enbridge | 104.21 Bn | 99.81 Bn | 4.84 Bn |
| 2 | Williams Companies | 83.97 Bn | 81.00 Bn | 2.59 Bn |
| 3 | Enterprise Products Partners | 79.65 Bn | 78.01 Bn | - |
| 4 | Kinder Morgan | 69.38 Bn | 68.24 Bn | 2.97 Bn |
| 5 | Energy Transfer | 66.22 Bn | 62.05 Bn | 6.57 Bn |
| 6 | Tc Energy | 66.00 Bn | 62.09 Bn | - |
| 7 | Targa Resources | 60.20 Bn | 59.65 Bn | 2.02 Bn |
| 8 | Cheniere Energy | 59.73 Bn | 53.88 Bn | 2.97 Bn |
| 9 | Mplx | 57.64 Bn | 51.66 Bn | 3.19 Bn |
| 10 | Oneok | 54.55 Bn | 53.95 Bn | 2.84 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 9.93 |
| Jun 30, 2026 | 10.44 |
| Mar 31, 2026 | 10.31 |
| Dec 31, 2025 | 8.14 |
| Sep 30, 2025 | 7.77 |
| Jun 30, 2025 | 8.35 |
| Mar 31, 2025 | 10.72 |
| Dec 31, 2024 | 9.81 |
| Sep 30, 2024 | 8.45 |
| Jun 30, 2024 | 7.91 |
| Mar 31, 2024 | 7.03 |
| Dec 31, 2023 | 5.31 |
| Sep 30, 2023 | 5.38 |
| Jun 30, 2023 | 4.99 |
| Mar 31, 2023 | 5.20 |
| Dec 31, 2022 | 6.60 |
| Sep 30, 2022 | 7.59 |
| Jun 30, 2022 | 8.05 |
| Mar 31, 2022 | 11.48 |
| Dec 31, 2021 | 8.55 |
API Access
Targa Resources EV to 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=ev-to-ebitda&ticker=TRGP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-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=ev-to-ebitda&ticker=TRGP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();