Targa Resources (TRGP) FCF Payout Ratio (2011 - 2026)
Targa Resources' (TRGP) quarterly FCF Payout Ratio came in at 1.37 in Q1 2026, down 232.72% year-on-year from 1.03 in Q1 2025, and down 443.81% on a QoQ basis from 0.4 in Q4 2025.
Targa Resources (TRGP) FCF Payout Ratio (2011 - 2026) Analysis & Trends
Targa Resources (TRGP) has 16 years of FCF Payout Ratio data on file, last reported at 1.37 in Q1 2026.
- On a quarterly basis, FCF Payout Ratio fell 232.72% year-over-year to 1.37 in Q1 2026; TTM through Mar 2026 was 3.32, a 218.92% increase from a year earlier, with the FY2025 full-year figure at 1.4, up 55.66% from the prior year.
- FCF Payout Ratio for Q1 2026 stood at 1.37, down from 0.4 in the prior quarter.
- Over the last five years, FCF Payout Ratio for TRGP reached as high as 4.35 in Q4 2022 and fell as low as 4.57 in Q2 2025.
- Historically, FCF Payout Ratio has averaged 0.08 across 5 years, with a median of 0.27 in 2024.
- Across the five-year window, FCF Payout Ratio jumped 1968.41% in 2022 and plunged 547.63% in 2025, its largest moves.
- Year by year, 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 surged by 45.03% to 0.4 in 2025, then plunged by 443.81% to 1.37 in 2026.
- Per Business Quant data, the three most recent FCF Payout Ratio figures were 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 | DHT Holdings | 2,706.13 Bn | 2,706.00 Bn | 167.16 Mn | -0.67 |
| 2 | Flex LNG | 1,674.16 Bn | 1,673.77 Bn | 61.79 Mn | -3.19 |
| 3 | Kinder Morgan | 112.74 Bn | 113.82 Bn | 3.07 Bn | 0.68 |
| 4 | Enbridge | 89.82 Bn | 89.03 Bn | 6.70 Bn | -21.81 |
| 5 | Enterprise Products Partners | 83.97 Bn | 82.82 Bn | - | 0.05 |
| 6 | Tc Energy | 72.76 Bn | 73.95 Bn | 1.36 Bn | -0.27 |
| 7 | Energy Transfer | 70.27 Bn | 69.30 Bn | 6.62 Bn | 0.80 |
| 8 | Targa Resources | 61.30 Bn | 61.34 Bn | 1.70 Bn | -1.37 |
| 9 | Oneok | 61.15 Bn | 61.02 Bn | 8.98 Bn | 9.63 |
| 10 | Mplx | 58.39 Bn | 56.89 Bn | 1.95 Bn | 0.01 |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Jun 30, 2021 | 0.04 |