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% sequentially from $542.3 million in Q4 2025.
Targa Resources (TRGP) Free Cash Flow (2011 - 2026) Analysis & Trends
Targa Resources' Free Cash Flow history runs 16 years deep, the most recent figure standing at -$160.0 million for Q1 2026.
- In Q1 2026, Free Cash Flow fell 198.64% year-over-year to -$160.0 million; the TTM figure through Mar 2026 stood at $261.9 million (down 59.05% YoY), while the FY2025 annual figure was $584.1 million, down 14.59% from the prior year.
- Free Cash Flow came in at -$160.0 million for Q1 2026 at Targa Resources, down from $542.3 million in the prior quarter.
- Over five years, Free Cash Flow peaked at $694.1 million in Q1 2023 and troughed at -$287.9 million in Q3 2024.
- The 5-year median for Free Cash Flow is $162.2 million (2025), against an average of $175.3 million.
- Peak annual rise in Free Cash Flow reached 1177.96% in 2023, while the deepest fall reached 389.48% in 2023.
- A 5-year view of Free Cash Flow shows it stood at $18.6 million in 2022, then soared by 1177.96% to $237.7 million in 2023, then surged by 152.84% to $601.0 million in 2024, then fell 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 | Enbridge | 1,308.38 Bn | 1,309.08 Bn | 6.70 Bn | -70.73 Mn |
| 2 | Kinder Morgan | 112.34 Bn | 113.42 Bn | 3.08 Bn | 1.36 Bn |
| 3 | Enterprise Products Partners | 79.55 Bn | 78.40 Bn | - | 486.00 Mn |
| 4 | Energy Transfer | 65.78 Bn | 65.07 Bn | 6.62 Bn | 1.46 Bn |
| 5 | Targa Resources | 57.60 Bn | 57.63 Bn | 1.70 Bn | -160.00 Mn |
| 6 | Mplx | 57.17 Bn | 55.67 Bn | 2.54 Bn | 772.00 Mn |
| 7 | Oneok | 54.83 Bn | 54.70 Bn | 2.57 Bn | 70.00 Mn |
| 8 | Cheniere Energy Partners | 29.50 Bn | 29.22 Bn | 838.00 Mn | 879.00 Mn |
| 9 | Venture Global | 27.41 Bn | 27.36 Bn | 4.33 Bn | -2.42 Bn |
| 10 | Plains All American Pipeline | 15.72 Bn | 15.54 Bn | 977.00 Mn | 288.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |