Targa Resources TRGP
NYSE TRGP
$290.01 -3.59 (-1.22%)
At close: Sep 4, 2026 · 4:00 PM EDT

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

Targa Resources' (TRGP) quarterly Free Cash Flow came in at $431.2 million in Q2 2026, up 1002.09% year-over-year from $39.1 million in Q2 2025, and up 369.5% quarter-over-quarter from -$160.0 million in Q1 2026.

Analysis

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

Targa Resources (TRGP) has reported Free Cash Flow for 16 consecutive years, with $431.2 million the latest figure, recorded in Q2 2026.

  • On a quarterly basis, Free Cash Flow rose 1002.09% year-over-year to $431.2 million in Q2 2026; TTM through Jun 2026 was $740.9 million, a 73.31% increase from a year earlier, with the FY2025 full-year figure at $584.1 million, down 14.59% from the prior year.
  • Free Cash Flow was $431.2 million for Q2 2026 at Targa Resources, up from -$160.0 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.
  • A 5-year average of $189.5 million and a median of $163.2 million in 2024 frame the typical range for Free Cash Flow.
  • The widest YoY moves for Free Cash Flow: up 1177.96% in 2023, down 389.48% in 2023.
  • Over 5 years, Free Cash Flow stood at $18.6 million in 2022, then jumped by 1177.96% to $237.7 million in 2023, then soared by 152.84% to $601.0 million in 2024, then dropped by 9.77% to $542.3 million in 2025, then dropped by 20.49% to $431.2 million in 2026.
  • The last three Free Cash Flow figures came in at $431.2 million (Q2 2026), -$160.0 million (Q1 2026), and $542.3 million (Q4 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Free Cash Flow (Qtr)
1 Kinder Morgan 111.69 Bn 112.81 Bn 3.07 Bn 978.00 Mn
2 Enterprise Products Partners 84.07 Bn 83.21 Bn - 2.02 Bn
3 Energy Transfer 74.03 Bn 73.00 Bn 7.40 Bn 2.71 Bn
4 Tc Energy 65.16 Bn 64.62 Bn 1.80 Bn 2.66 Bn
5 Targa Resources 62.18 Bn 62.19 Bn 2.14 Bn 431.20 Mn
6 Mplx 60.51 Bn 59.48 Bn 2.73 Bn 877.00 Mn
7 Oneok 60.16 Bn 60.09 Bn 2.81 Bn 1.44 Bn
8 Enbridge 54.38 Bn 54.88 Bn 5.23 Bn 821.24 Mn
9 Pembina Pipeline 28.12 Bn 27.76 Bn 933.00 Mn 1.12 Bn
10 Gas Transporter Of The South 21.92 Bn -3,019.13 Bn - -
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 431.20 Mn
Mar 31, 2026 -160.00 Mn
Dec 31, 2025 542.30 Mn
Sep 30, 2025 -72.60 Mn
Jun 30, 2025 -47.80 Mn
Mar 31, 2025 162.20 Mn
Dec 31, 2024 601.00 Mn
Sep 30, 2024 -287.90 Mn
Jun 30, 2024 164.20 Mn
Mar 31, 2024 206.60 Mn
Dec 31, 2023 237.70 Mn
Sep 30, 2023 -184.40 Mn
Jun 30, 2023 78.80 Mn
Mar 31, 2023 694.10 Mn
Dec 31, 2022 18.60 Mn
Sep 30, 2022 63.70 Mn
Jun 30, 2022 420.40 Mn
Mar 31, 2022 543.80 Mn
Dec 31, 2021 320.60 Mn
Sep 30, 2021 372.50 Mn