Targa Resources (TRGP) FCF Payout Ratio (2011 - 2026)
Targa Resources (TRGP) posted quarterly FCF Payout Ratio of 1.37 for Q1 2026, down 232.72% year-over-year from 1.03 in Q1 2025, and down 443.81% quarter-over-quarter from 0.4 in Q4 2025.
Targa Resources (TRGP) FCF Payout Ratio (2011 - 2026) Analysis & Trends
Targa Resources (TRGP) has reported FCF Payout Ratio for 16 consecutive years, with 1.37 the latest figure, recorded in Q1 2026.
- In Q1 2026, FCF Payout Ratio fell 232.72% year-over-year to 1.37; the TTM figure through Mar 2026 stood at 3.32 (up 218.92% YoY), while the FY2025 annual figure was 1.4, up 55.66% from the prior year.
- FCF Payout Ratio declined to 1.37 in Q1 2026 per TRGP's latest filing, from 0.4 in the prior quarter.
- Across five years, FCF Payout Ratio topped out at 4.35 in Q4 2022 and bottomed at 4.57 in Q2 2025.
- Historically, FCF Payout Ratio has averaged 0.08 across 5 years, with a median of 0.27 in 2024.
- Annual changes were most pronounced in 2022 — FCF Payout Ratio soared 1968.41% — and 2025, when it slumped 547.63%.
- Targa Resources' FCF Payout Ratio stood at 4.35 in 2022, then tumbled by 89.12% to 0.47 in 2023, then plunged by 42.03% to 0.27 in 2024, then soared by 45.03% to 0.4 in 2025, then plunged by 443.81% to 1.37 in 2026.
- Business Quant data shows TRGP's FCF Payout Ratio at 1.37 in Q1 2026, 0.4 in Q4 2025, and 2.99 in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 112.69 Bn | 112.57 Bn | 3.07 Bn | 0.68 |
| 2 | Enbridge | 111.03 Bn | 109.54 Bn | 5.23 Bn | 1.87 |
| 3 | Enterprise Products Partners | 83.34 Bn | 82.44 Bn | - | 0.59 |
| 4 | Energy Transfer | 72.41 Bn | 71.38 Bn | 7.40 Bn | 0.46 |
| 5 | Tc Energy | 65.97 Bn | 58.41 Bn | 1.24 Bn | -0.14 |
| 6 | Oneok | 60.11 Bn | 59.94 Bn | 2.81 Bn | 0.47 |
| 7 | Mplx | 60.04 Bn | 59.01 Bn | 2.73 Bn | 1.25 |
| 8 | Targa Resources | 59.42 Bn | 59.29 Bn | 2.14 Bn | 0.63 |
| 9 | Cheniere Energy | 56.10 Bn | 54.85 Bn | 5.29 Bn | 0.48 |
| 10 | Venture Global | 34.30 Bn | 31.08 Bn | 2.92 Bn | -0.02 |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 0.63 |
| Mar 31, 2026 | -1.37 |
| Dec 31, 2025 | 0.40 |
| Sep 30, 2025 | -2.99 |
| Jun 30, 2025 | -4.57 |
| Mar 31, 2025 | 1.03 |
| Dec 31, 2024 | 0.27 |
| Sep 30, 2024 | -0.58 |
| Jun 30, 2024 | 1.02 |
| Mar 31, 2024 | 0.56 |
| Dec 31, 2023 | 0.47 |
| Sep 30, 2023 | -0.62 |
| Jun 30, 2023 | 1.45 |
| Mar 31, 2023 | 0.12 |
| Dec 31, 2022 | 4.35 |
| Sep 30, 2022 | 1.27 |
| Jun 30, 2022 | 0.26 |
| Mar 31, 2022 | 0.20 |
| Dec 31, 2021 | 0.25 |
| Sep 30, 2021 | 0.06 |