Targa Resources (TRGP) FCF Margin (2014 - 2026)
Targa Resources (TRGP) reported FCF Margin of 3.91% for Q1 2026, down 746.0% year-over-year from 0.6% in Q1 2025, and down 129.22% quarter-over-quarter from 13.37% in Q4 2025.
Targa Resources (TRGP) FCF Margin (2014 - 2026) Analysis & Trends
Targa Resources (TRGP) has 13 years of FCF Margin data on file, last reported at 3.91% in Q1 2026.
- FCF Margin for Q1 2026 came in at 3.91%, down 746.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 1.58% (down 232.0% YoY), and the FY2025 annual result was 3.43%, down 74.0% from the prior year.
- FCF Margin retreated to 3.91% in Q1 2026 per TRGP's latest filing, from 13.37% in the prior quarter.
- Over five years, FCF Margin peaked at 15.35% in Q1 2023 and troughed at 7.47% in Q3 2024.
- A 5-year average of 3.74% and a median of 3.56% in 2025 frame the typical range for FCF Margin.
- On a YoY basis, FCF Margin climbed as much as 804 bps in 2024 and fell as far as 1083 bps in 2024.
- A 5-year view of FCF Margin shows it stood at 0.41% in 2022, then surged by 1273 bps to 5.61% in 2023, then jumped by 143 bps to 13.64% in 2024, then dropped by 2 bps to 13.37% in 2025, then sank by 129 bps to 3.91% in 2026.
- Business Quant data shows TRGP's FCF Margin at 3.91% in Q1 2026, 13.37% in Q4 2025, and 1.75% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 88.33 Bn | 89.03 Bn | 6.70 Bn | -0.43% |
| 2 | Enterprise Products Partners | 80.83 Bn | 79.68 Bn | - | 3.38% |
| 3 | Kinder Morgan | 69.66 Bn | 70.75 Bn | 3.08 Bn | 28.13% |
| 4 | Energy Transfer | 65.60 Bn | 64.88 Bn | 6.62 Bn | 5.26% |
| 5 | Scorpio Tankers | 59.17 Bn | 58.19 Bn | - | - |
| 6 | Mplx | 57.43 Bn | 55.92 Bn | 2.54 Bn | 25.41% |
| 7 | Targa Resources | 56.68 Bn | 56.71 Bn | 1.70 Bn | -3.91% |
| 8 | Oneok | 55.34 Bn | 55.21 Bn | 2.57 Bn | 0.73% |
| 9 | Tc Energy | 50.79 Bn | 51.99 Bn | 2.95 Bn | 13.15% |
| 10 | Cheniere Energy | 50.33 Bn | 52.53 Bn | 5.86 Bn | 5.86% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -3.91% |
| Dec 31, 2025 | 13.37% |
| Sep 30, 2025 | -1.75% |
| Jun 30, 2025 | -1.12% |
| Mar 31, 2025 | 3.56% |
| Dec 31, 2024 | 13.64% |
| Sep 30, 2024 | -7.47% |
| Jun 30, 2024 | 4.61% |
| Mar 31, 2024 | 4.53% |
| Dec 31, 2023 | 5.61% |
| Sep 30, 2023 | -4.73% |
| Jun 30, 2023 | 2.32% |
| Mar 31, 2023 | 15.35% |
| Dec 31, 2022 | 0.41% |
| Sep 30, 2022 | 1.19% |
| Jun 30, 2022 | 6.94% |
| Mar 31, 2022 | 10.97% |
| Dec 31, 2021 | 5.89% |
| Sep 30, 2021 | 8.35% |
| Jun 30, 2021 | 15.26% |