Targa Resources (TRGP) FCF Payout Ratio (2011 - 2026)

Targa Resources (TRGP) has 16 years of FCF Payout Ratio data on file, last reported at 1.37 in Q1 2026.

• FCF Payout Ratio for Q1 2026 came in at 1.37, down 232.72% year-over-year; the trailing twelve-month figure through Mar 2026 was 3.32 (up 218.92% YoY), and the FY2025 annual result was 1.4, up 55.66% from the prior year.
• FCF Payout Ratio retreated to 1.37 in Q1 2026 per TRGP's latest filing, from 0.4 in the prior quarter.
• Over five years, FCF Payout Ratio peaked at 4.35 in Q4 2022 and troughed at 4.57 in Q2 2025.
• A 5-year average of 0.08 and a median of 0.27 in 2024 frame the typical range for FCF Payout Ratio.
• The sharpest annual moves came in 2022 and 2025: FCF Payout Ratio soared 1968.41% in 2022, then slumped 547.63% in 2025.
• A 5-year view of FCF Payout Ratio shows it stood at 4.35 in 2022, then slumped by 89.12% to 0.47 in 2023, then tumbled by 42.03% to 0.27 in 2024, then surged by 45.03% to 0.4 in 2025, then tumbled 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.