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
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |