Targa Resources (TRGP) Free Cash Flow (2011 - 2026)
Targa Resources' (TRGP) quarterly Free Cash Flow came in at $431.2 million in Q2 2026, up 1002.09% year-over-year from $39.1 million in Q2 2025, and up 369.5% quarter-over-quarter from -$160.0 million in Q1 2026.
Analysis
Targa Resources (TRGP) Free Cash Flow (2011 - 2026) Analysis & Trends
Targa Resources (TRGP) has reported Free Cash Flow for 16 consecutive years, with $431.2 million the latest figure, recorded in Q2 2026.
- On a quarterly basis, Free Cash Flow rose 1002.09% year-over-year to $431.2 million in Q2 2026; TTM through Jun 2026 was $740.9 million, a 73.31% increase from a year earlier, with the FY2025 full-year figure at $584.1 million, down 14.59% from the prior year.
- Free Cash Flow was $431.2 million for Q2 2026 at Targa Resources, up from -$160.0 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 $189.5 million and a median of $163.2 million in 2024 frame the typical range for Free Cash Flow.
- The widest YoY moves for Free Cash Flow: up 1177.96% in 2023, down 389.48% in 2023.
- Over 5 years, Free Cash Flow stood at $18.6 million in 2022, then jumped by 1177.96% to $237.7 million in 2023, then soared by 152.84% to $601.0 million in 2024, then dropped by 9.77% to $542.3 million in 2025, then dropped by 20.49% to $431.2 million in 2026.
- The last three Free Cash Flow figures came in at $431.2 million (Q2 2026), -$160.0 million (Q1 2026), and $542.3 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 111.69 Bn | 112.81 Bn | 3.07 Bn | 978.00 Mn |
| 2 | Enterprise Products Partners | 84.07 Bn | 83.21 Bn | - | 2.02 Bn |
| 3 | Energy Transfer | 74.03 Bn | 73.00 Bn | 7.40 Bn | 2.71 Bn |
| 4 | Tc Energy | 65.16 Bn | 64.62 Bn | 1.80 Bn | 2.66 Bn |
| 5 | Targa Resources | 62.18 Bn | 62.19 Bn | 2.14 Bn | 431.20 Mn |
| 6 | Mplx | 60.51 Bn | 59.48 Bn | 2.73 Bn | 877.00 Mn |
| 7 | Oneok | 60.16 Bn | 60.09 Bn | 2.81 Bn | 1.44 Bn |
| 8 | Enbridge | 54.38 Bn | 54.88 Bn | 5.23 Bn | 821.24 Mn |
| 9 | Pembina Pipeline | 28.12 Bn | 27.76 Bn | 933.00 Mn | 1.12 Bn |
| 10 | Gas Transporter Of The South | 21.92 Bn | -3,019.13 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 |