Targa Resources (TRGP) Free Cash Flow (2011 - 2026)
Targa Resources (TRGP) posted quarterly Free Cash Flow of -$160.0 million for Q1 2026, down 198.64% year-over-year from $162.2 million in Q1 2025, and down 129.5% quarter-over-quarter from $542.3 million in Q4 2025.
Targa Resources (TRGP) Free Cash Flow (2011 - 2026) Analysis & Trends
Targa Resources (TRGP) has reported Free Cash Flow for 16 consecutive years, with -$160.0 million the latest figure, recorded in 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 declined to -$160.0 million in Q1 2026 per TRGP's latest filing, from $542.3 million in the prior quarter.
- Across five years, Free Cash Flow topped out at $694.1 million in Q1 2023 and bottomed at -$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.
- Targa Resources' Free Cash Flow 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.
- Business Quant data shows TRGP's Free Cash Flow at -$160.0 million in Q1 2026, $542.3 million in Q4 2025, and -$72.6 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 112.69 Bn | 112.57 Bn | 3.07 Bn | 978.00 Mn |
| 2 | Enbridge | 111.07 Bn | 109.57 Bn | 5.23 Bn | 821.24 Mn |
| 3 | Enterprise Products Partners | 83.45 Bn | 82.54 Bn | - | 2.02 Bn |
| 4 | Energy Transfer | 72.38 Bn | 71.35 Bn | 7.40 Bn | 2.71 Bn |
| 5 | Tc Energy | 65.96 Bn | 58.40 Bn | 1.24 Bn | 1.89 Bn |
| 6 | Oneok | 60.08 Bn | 59.92 Bn | 2.81 Bn | 1.44 Bn |
| 7 | Mplx | 60.06 Bn | 59.03 Bn | 2.73 Bn | 877.00 Mn |
| 8 | Targa Resources | 59.31 Bn | 59.18 Bn | 2.14 Bn | 431.20 Mn |
| 9 | Cheniere Energy | 56.08 Bn | 54.82 Bn | 5.29 Bn | 398.00 Mn |
| 10 | Venture Global | 34.26 Bn | 31.04 Bn | 2.92 Bn | -1.65 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 431.20 Mn |
| Jun 30, 2026 | 431.20 Mn |
| 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 |