Targa Resources (TRGP) FCF Margin (2011 - 2026)
Targa Resources' (TRGP) quarterly FCF Margin came in at 9.71% in Q2 2026, up 1083.0% year-over-year from 0.82% in Q2 2025, and up 348.54% quarter-over-quarter from 3.91% in Q1 2026.
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Targa Resources (TRGP) FCF Margin (2011 - 2026) Analysis & Trends
Targa Resources (TRGP) has reported FCF Margin for 16 consecutive years, with 9.71% the latest figure, recorded in Q2 2026.
- On a quarterly basis, FCF Margin rose 1083.0% year-over-year to 9.71% in Q2 2026; TTM through Jun 2026 was 4.43%, a 192.0% increase from a year earlier, with the FY2025 full-year figure at 3.43%, down 74.0% from the prior year.
- FCF Margin was 9.71% for Q2 2026 at Targa Resources, up from 3.91% 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 4.07% and a median of 4.04% in 2024 frame the typical range for FCF Margin.
- Across the five-year window, FCF Margin sank 1083 bps in 2024 and surged 1083 bps in 2026, its largest moves.
- Over 5 years, FCF Margin stood at 0.41% in 2022, then jumped by 1273 bps to 5.61% in 2023, then soared by 143 bps to 13.64% in 2024, then slipped by 2 bps to 13.37% in 2025, then decreased by 27 bps to 9.71% in 2026.
- The last three FCF Margin figures came in at 9.71% (Q2 2026), 3.91% (Q1 2026), and 13.37% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 111.69 Bn | 112.81 Bn | 3.07 Bn | 21.84% |
| 2 | Enterprise Products Partners | 84.07 Bn | 83.21 Bn | - | 11.07% |
| 3 | Energy Transfer | 74.03 Bn | 73.00 Bn | 7.40 Bn | 7.88% |
| 4 | Tc Energy | 65.16 Bn | 64.62 Bn | 1.80 Bn | 92.82% |
| 5 | Targa Resources | 62.18 Bn | 62.19 Bn | 2.14 Bn | 9.71% |
| 6 | Mplx | 60.51 Bn | 59.48 Bn | 2.73 Bn | 26.48% |
| 7 | Oneok | 60.16 Bn | 60.09 Bn | 2.81 Bn | 11.95% |
| 8 | Enbridge | 54.38 Bn | 54.88 Bn | 5.23 Bn | 3.87% |
| 9 | Pembina Pipeline | 28.12 Bn | 27.76 Bn | 933.00 Mn | 51.81% |
| 10 | Gas Transporter Of The South | 21.92 Bn | -3,019.13 Bn | - | - |
Historic Data
Download Data
Historic 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% |