Targa Resources (TRGP) Intangibles (2011 - 2026)
Targa Resources (TRGP) posted Intangibles of $2.11 billion for Q2 2026, up 16.0% from $1.81 billion a year earlier but down 4.4% from the prior quarter.
Powered by 
Analysis
Targa Resources (TRGP) Intangibles (2011 - 2026) Analysis & Trends
At the end of FY2025, Targa Resources' Intangibles came in at $1.65 billion, down 16.5% from FY2024.
- Annual Intangibles has declined for three consecutive years, though with a five-year compound annual growth rate of 3.6% (FY2020 to FY2025).
- In prior years, Targa Resources' Intangibles was $1.98 billion in FY2024 (-15.9%), $2.35 billion in FY2023 (-14.0%), $2.73 billion in FY2022 (+149.8%) and $1.09 billion in FY2021 (-20.8%).
- Quarterly Intangibles has run from a low of $1.04 billion in Q2 2022 to a high of $2.84 billion in Q3 2022 over five years.
- On a year-over-year basis, Intangibles increased in two of the last eight quarters, with an average decline of 8.0%.
- The strongest year-over-year quarter for Intangibles in the past five years was Q4 2022, with growth of 149.8%; the weakest was Q2 2022, with a decline of 21.1%.
- According to Business Quant data, Intangibles for the three prior quarters was $2.2 billion (Q1 2026), $1.65 billion (Q4 2025) and $1.73 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Intangibles (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 101.88 Bn | 99.42 Bn | 4.84 Bn | 2.87 Bn |
| 2 | Enterprise Products Partners | 77.78 Bn | 76.22 Bn | - | 4.05 Bn |
| 3 | Energy Transfer | 68.56 Bn | 62.00 Bn | 7.40 Bn | 7.16 Bn |
| 4 | Kinder Morgan | 67.77 Bn | 68.72 Bn | 3.07 Bn | 1.87 Bn |
| 5 | Tc Energy | 60.65 Bn | 63.72 Bn | 2.81 Bn | - |
| 6 | Targa Resources | 58.65 Bn | 58.26 Bn | 2.14 Bn | 2.11 Bn |
| 7 | Mplx | 57.82 Bn | 51.38 Bn | 2.91 Bn | 1.32 Bn |
| 8 | Cheniere Energy | 55.20 Bn | 55.33 Bn | 5.29 Bn | - |
| 9 | Oneok | 54.77 Bn | 53.26 Bn | 2.81 Bn | 2.84 Bn |
| 10 | Venture Global | 31.21 Bn | 25.77 Bn | 2.92 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 2.11 Bn |
| Mar 31, 2026 | 2.20 Bn |
| Dec 31, 2025 | 1.65 Bn |
| Sep 30, 2025 | 1.73 Bn |
| Jun 30, 2025 | 1.81 Bn |
| Mar 31, 2025 | 1.90 Bn |
| Dec 31, 2024 | 1.98 Bn |
| Sep 30, 2024 | 2.07 Bn |
| Jun 30, 2024 | 2.16 Bn |
| Mar 31, 2024 | 2.26 Bn |
| Dec 31, 2023 | 2.35 Bn |
| Sep 30, 2023 | 2.45 Bn |
| Jun 30, 2023 | 2.54 Bn |
| Mar 31, 2023 | 2.64 Bn |
| Dec 31, 2022 | 2.73 Bn |
| Sep 30, 2022 | 2.84 Bn |
| Jun 30, 2022 | 1.04 Bn |
| Mar 31, 2022 | 1.07 Bn |
| Dec 31, 2021 | 1.09 Bn |
| Sep 30, 2021 | 1.28 Bn |
API Access
Targa Resources Intangibles 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=intangibles&ticker=TRGP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "intangibles", "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=intangibles&ticker=TRGP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();