Targa Resources (TRGP) EV to FCF (2010 - 2026)
Targa Resources' EV to FCF came in at 77.61 for Q2 2026, down 11.6% from 87.78 a year earlier and down 62.3% from the prior quarter.
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Analysis
Targa Resources (TRGP) EV to FCF (2010 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Targa Resources reported EV to FCF of 77.08, down 11.2% year-over-year; for FY2025, it came in at 67.74, up 14.3% from FY2024.
- EV to FCF has increased in each of the last four years.
- Going back by year, EV to FCF was 59.28 in FY2024 (+132.5%), 25.50 in FY2023 (+42.6%), 17.88 in FY2022 (+115.3%) and 8.30 in FY2021 (-27.0%).
- The five-year range for quarterly EV to FCF is 7.21 (Q3 2021) to 205.70 (Q1 2026).
- Year-over-year, EV to FCF increased in five of the last eight quarters, with growth averaging 63.8%.
- The fastest year-over-year change in EV to FCF over five years came in Q1 2024 (growth of 418.8%), and the weakest in Q3 2021 (a decline of 63.9%).
- Business Quant data shows TRGP's EV to FCF at 205.70 (Q1 2026), 67.74 (Q4 2025) and 56.00 (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Enbridge | 106.46 Bn | 104.34 Bn | 4.35 Bn |
| 2 | Williams Companies | 84.36 Bn | 87.15 Bn | 2.59 Bn |
| 3 | Enterprise Products Partners | 80.12 Bn | 78.52 Bn | 14.00 Mn |
| 4 | Kinder Morgan | 69.50 Bn | 69.59 Bn | 2.97 Bn |
| 5 | Energy Transfer | 66.92 Bn | 63.02 Bn | 6.57 Bn |
| 6 | Tc Energy | 66.06 Bn | 69.71 Bn | - |
| 7 | Targa Resources | 60.35 Bn | 59.56 Bn | 2.02 Bn |
| 8 | Cheniere Energy | 59.93 Bn | 59.50 Bn | 2.97 Bn |
| 9 | Mplx | 57.44 Bn | 51.69 Bn | 3.19 Bn |
| 10 | Oneok | 55.08 Bn | 63.62 Bn | 2.84 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 62.03 |
| Jun 30, 2026 | 77.51 |
| Mar 31, 2026 | 205.31 |
| Dec 31, 2025 | 67.48 |
| Sep 30, 2025 | 55.85 |
| Jun 30, 2025 | 87.60 |
| Mar 31, 2025 | 19.96 |
| Dec 31, 2024 | 18.21 |
| Sep 30, 2024 | 18.28 |
| Jun 30, 2024 | 15.22 |
| Mar 31, 2024 | 17.52 |
| Dec 31, 2023 | 10.46 |
| Sep 30, 2023 | 11.64 |
| Jun 30, 2023 | 9.13 |
| Mar 31, 2023 | 15.04 |
| Dec 31, 2022 | 17.71 |
| Sep 30, 2022 | 11.58 |
| Jun 30, 2022 | 9.44 |
| Mar 31, 2022 | 11.03 |
| Dec 31, 2021 | 8.28 |
API Access
Targa Resources EV to FCF 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-fcf&ticker=TRGP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-fcf", "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-fcf&ticker=TRGP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();