Targa Resources (TRGP) FCF Margin (2011 - 2026)
Targa Resources (TRGP) posted quarterly 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 (2011 - 2026) Analysis & Trends
Targa Resources (TRGP) has reported FCF Margin for 16 consecutive years, with 3.91% the latest figure, recorded in Q1 2026.
- In Q1 2026, FCF Margin fell 746.0% year-over-year to 3.91%; the TTM figure through Mar 2026 stood at 1.58% (down 232.0% YoY), while the FY2025 annual figure was 3.43%, down 74.0% from the prior year.
- FCF Margin declined to 3.91% in Q1 2026 per TRGP's latest filing, from 13.37% in the prior quarter.
- Across five years, FCF Margin topped out at 15.35% in Q1 2023 and bottomed at 7.47% in Q3 2024.
- Historically, FCF Margin has averaged 3.74% across 5 years, with a median of 3.56% in 2025.
- On a YoY basis, FCF Margin climbed as much as 804 bps in 2024 and fell as far as 1083 bps in 2024.
- Targa Resources' FCF Margin stood at 0.41% in 2022, then soared by 1273 bps to 5.61% in 2023, then surged by 143 bps to 13.64% in 2024, then declined by 2 bps to 13.37% in 2025, then slumped 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 | Kinder Morgan | 112.04 Bn | 113.17 Bn | 3.07 Bn | 21.84% |
| 2 | Enbridge | 111.19 Bn | 111.69 Bn | 5.23 Bn | 3.87% |
| 3 | Enterprise Products Partners | 83.98 Bn | 83.12 Bn | - | 11.07% |
| 4 | Energy Transfer | 72.48 Bn | 71.45 Bn | 7.40 Bn | 7.88% |
| 5 | Tc Energy | 66.71 Bn | 66.18 Bn | 1.24 Bn | 146.27% |
| 6 | Mplx | 60.30 Bn | 59.27 Bn | 2.73 Bn | 26.48% |
| 7 | Oneok | 59.88 Bn | 59.82 Bn | 2.81 Bn | 11.95% |
| 8 | Targa Resources | 59.14 Bn | 59.14 Bn | 2.14 Bn | 9.71% |
| 9 | Cheniere Energy | 56.12 Bn | 60.17 Bn | 5.29 Bn | 6.94% |
| 10 | Venture Global | 34.82 Bn | 35.11 Bn | 2.92 Bn | -35.98% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 9.71% |
| 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% |