Targa Resources (TRGP) Free Cash Flow (2011 - 2026)
Targa Resources (TRGP) posted Free Cash Flow of $431.2 million for Q2 2026, compared with -$47.8 million a year earlier.
Powered by 
Analysis
Targa Resources (TRGP) Free Cash Flow (2011 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Free Cash Flow at Targa Resources was $740.9 million, up 73.3% year-over-year; for FY2025, it came in at $584.1 million, down 14.6% from FY2024.
- Annual Free Cash Flow has declined for four consecutive years, with a five-year compound annual growth rate of -5.9% (FY2020 to FY2025).
- In prior years, Targa Resources' Free Cash Flow was $683.9 million in FY2024 (-17.2%), $826.2 million in FY2023 (-21.1%), $1.05 billion in FY2022 (-41.8%) and $1.8 billion in FY2021 (+126.7%).
- Quarterly Free Cash Flow has run from a low of -$287.9 million in Q3 2024 to a high of $694.1 million in Q1 2023 over five years.
- The strongest year-over-year quarter for Free Cash Flow in the past five years was Q4 2024, with growth of 152.8%; the weakest was Q4 2022, with a decline of 94.2%.
- According to Business Quant data, Free Cash Flow for the three prior quarters was -$160 million (Q1 2026), $542.3 million (Q4 2025) and -$72.6 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 101.53 Bn | 99.08 Bn | 4.84 Bn | 821.24 Mn |
| 2 | Enterprise Products Partners | 76.92 Bn | 75.35 Bn | - | 2.02 Bn |
| 3 | Energy Transfer | 67.97 Bn | 61.41 Bn | 7.40 Bn | 2.71 Bn |
| 4 | Kinder Morgan | 67.10 Bn | 68.05 Bn | 3.07 Bn | 978.00 Mn |
| 5 | Tc Energy | 60.19 Bn | 63.26 Bn | 2.81 Bn | 2.66 Bn |
| 6 | Targa Resources | 57.97 Bn | 57.59 Bn | 2.14 Bn | 431.20 Mn |
| 7 | Mplx | 57.16 Bn | 50.72 Bn | 2.91 Bn | 877.00 Mn |
| 8 | Cheniere Energy | 55.61 Bn | 55.74 Bn | 5.29 Bn | 398.00 Mn |
| 9 | Oneok | 53.75 Bn | 52.24 Bn | 2.81 Bn | 1.44 Bn |
| 10 | Venture Global | 31.49 Bn | 26.04 Bn | 2.92 Bn | -1.65 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |
API Access
Targa Resources Free Cash Flow API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=free-cash-flow&ticker=TRGP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "free-cash-flow", "ticker": "TRGP", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=free-cash-flow&ticker=TRGP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();