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

Targa Resources (TRGP) reported 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 16 years of Free Cash Flow data on file, last reported at -$160.0 million in Q1 2026.

  • Free Cash Flow for Q1 2026 came in at -$160.0 million, down 198.64% year-over-year; the trailing twelve-month figure through Mar 2026 was $261.9 million (down 59.05% YoY), and the FY2025 annual result was $584.1 million, down 14.59% from the prior year.
  • Free Cash Flow retreated to -$160.0 million in Q1 2026 per TRGP's latest filing, 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.
  • A 5-year average of $175.3 million and a median of $162.2 million in 2025 frame the typical range for Free Cash Flow.
  • On a YoY basis, Free Cash Flow climbed as much as 1177.96% in 2023 and fell as far as 389.48% in 2023.
  • A 5-year view of Free Cash Flow shows it 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 declined by 9.77% to $542.3 million in 2025, then slumped 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.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Free Cash Flow (Qtr)
1 Enbridge 88.33 Bn 89.03 Bn 6.70 Bn -70.73 Mn
2 Enterprise Products Partners 80.83 Bn 79.68 Bn - 486.00 Mn
3 Kinder Morgan 69.66 Bn 70.75 Bn 3.08 Bn 1.36 Bn
4 Energy Transfer 65.60 Bn 64.88 Bn 6.62 Bn 1.46 Bn
5 Scorpio Tankers 59.17 Bn 58.19 Bn - -
6 Mplx 57.43 Bn 55.92 Bn 2.54 Bn 772.00 Mn
7 Targa Resources 56.68 Bn 56.71 Bn 1.70 Bn -160.00 Mn
8 Oneok 55.34 Bn 55.21 Bn 2.57 Bn 70.00 Mn
9 Tc Energy 50.79 Bn 51.99 Bn 2.95 Bn 392.96 Mn
10 Cheniere Energy 50.33 Bn 52.53 Bn 5.86 Bn 344.00 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