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
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