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| 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 |