Targa Resources (TRGP) Free Cash Flow (2011 - 2026)

Targa Resources' (TRGP) quarterly Free Cash Flow came in at -$160.0 million in Q1 2026, down 198.64% year-on-year from $162.2 million in Q1 2025, and down 129.5% on a QoQ basis from $542.3 million in Q4 2025.

Targa Resources (TRGP) Free Cash Flow (2011 - 2026) Analysis & Trends

Targa Resources (TRGP) has 16 years of Free Cash Flow data on file, last reported at -$160.0 million in Q1 2026.

  • On a quarterly basis, Free Cash Flow fell 198.64% year-over-year to -$160.0 million in Q1 2026; TTM through Mar 2026 was $261.9 million, a 59.05% decrease from a year earlier, with the FY2025 full-year figure at $584.1 million, down 14.59% from the prior year.
  • Free Cash Flow for Q1 2026 stood at -$160.0 million, down from $542.3 million in the prior quarter.
  • Over the last five years, Free Cash Flow for TRGP reached as high as $694.1 million in Q1 2023 and fell as low as -$287.9 million in Q3 2024.
  • Historically, Free Cash Flow has averaged $175.3 million across 5 years, with a median of $162.2 million in 2025.
  • On a YoY basis, Free Cash Flow climbed as much as 1177.96% in 2023 and fell as far as 389.48% in 2023.
  • Year by year, Free Cash Flow stood at $18.6 million in 2022, then surged by 1177.96% to $237.7 million in 2023, then jumped by 152.84% to $601.0 million in 2024, then decreased by 9.77% to $542.3 million in 2025, then tumbled by 129.5% to -$160.0 million in 2026.
  • Per Business Quant data, the three most recent Free Cash Flow figures were -$160.0 million in Q1 2026, $542.3 million in Q4 2025, and -$72.6 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Free Cash Flow (Qtr)
1 DHT Holdings 2,706.13 Bn 2,706.00 Bn 167.16 Mn 98.91 Mn
2 Flex LNG 1,674.16 Bn 1,673.77 Bn 61.79 Mn 12.71 Mn
3 Kinder Morgan 112.74 Bn 113.82 Bn 3.07 Bn 978.00 Mn
4 Enbridge 89.82 Bn 89.03 Bn 6.70 Bn -70.73 Mn
5 Enterprise Products Partners 83.97 Bn 82.82 Bn - 486.00 Mn
6 Tc Energy 72.76 Bn 73.95 Bn 1.36 Bn 1.36 Bn
7 Energy Transfer 70.27 Bn 69.30 Bn 6.62 Bn 1.46 Bn
8 Targa Resources 61.30 Bn 61.34 Bn 1.70 Bn -160.00 Mn
9 Oneok 61.15 Bn 61.02 Bn 8.98 Bn 70.00 Mn
10 Mplx 58.39 Bn 56.89 Bn 1.95 Bn 772.00 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -160.00 Mn
Mar 31, 2026 -160.00 Mn
Dec 31, 2025 542.30 Mn
Dec 31, 2025 542.30 Mn
Sep 30, 2025 -72.60 Mn
Sep 30, 2025 -72.60 Mn
Jun 30, 2025 -47.80 Mn
Jun 30, 2025 -47.80 Mn
Mar 31, 2025 162.20 Mn
Mar 31, 2025 162.20 Mn
Dec 31, 2024 601.00 Mn
Dec 31, 2024 601.00 Mn
Sep 30, 2024 -287.90 Mn
Sep 30, 2024 -287.90 Mn
Jun 30, 2024 164.20 Mn
Jun 30, 2024 164.20 Mn
Mar 31, 2024 206.60 Mn
Mar 31, 2024 206.60 Mn
Dec 31, 2023 237.70 Mn
Dec 31, 2023 237.70 Mn