Targa Resources (TRGP) Inventory (2010 - 2026)
Targa Resources' Inventory was $311.7 million in Q2 2026, down 29.7% from $443.5 million a year earlier and down 6.8% from the prior quarter.
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Analysis
Targa Resources (TRGP) Inventory (2010 - 2026) Analysis & Trends
At the end of FY2025, Inventory at Targa Resources came in at $429.3 million, up 28.4% from FY2024.
- Inventory shows a five-year compound annual growth rate of 18.8% (FY2020 to FY2025).
- In earlier years, Inventory was $334.3 million in FY2024 (-10.0%), $371.5 million in FY2023 (-5.7%), $393.8 million in FY2022 (+156.7%) and $153.4 million in FY2021 (-15.5%).
- The Q2 2026 figure marks the lowest quarterly Inventory since Q1 2025.
- Compared with a year earlier, Inventory was higher in five of the last eight quarters, with growth averaging 8.4%.
- The best year-over-year quarter for Inventory over five years was Q2 2022 (growth of 208.2%); the worst was Q2 2026 (a decline of 29.7%).
- Per Business Quant data, TRGP's Inventory in the three quarters before Q2 2026 was $334.4 million (Q1 2026), $429.3 million (Q4 2025) and $490.7 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Inventory (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 102.52 Bn | 100.06 Bn | 4.84 Bn | 1.15 Bn |
| 2 | Enterprise Products Partners | 79.27 Bn | 77.71 Bn | - | 4.67 Bn |
| 3 | Energy Transfer | 69.21 Bn | 62.65 Bn | 7.40 Bn | 4.39 Bn |
| 4 | Kinder Morgan | 68.17 Bn | 69.12 Bn | 3.07 Bn | 565.00 Mn |
| 5 | Tc Energy | 61.09 Bn | 64.16 Bn | 2.81 Bn | 676.66 Mn |
| 6 | Targa Resources | 59.48 Bn | 59.10 Bn | 2.14 Bn | 311.70 Mn |
| 7 | Mplx | 58.45 Bn | 52.01 Bn | 2.91 Bn | - |
| 8 | Oneok | 55.88 Bn | 54.37 Bn | 2.81 Bn | 1.06 Bn |
| 9 | Cheniere Energy | 55.70 Bn | 55.83 Bn | 5.29 Bn | 723.00 Mn |
| 10 | Venture Global | 32.11 Bn | 26.66 Bn | 2.92 Bn | 290.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 311.70 Mn |
| Mar 31, 2026 | 334.40 Mn |
| Dec 31, 2025 | 429.30 Mn |
| Sep 30, 2025 | 490.70 Mn |
| Jun 30, 2025 | 443.50 Mn |
| Mar 31, 2025 | 256.20 Mn |
| Dec 31, 2024 | 334.30 Mn |
| Sep 30, 2024 | 414.90 Mn |
| Jun 30, 2024 | 320.60 Mn |
| Mar 31, 2024 | 224.50 Mn |
| Dec 31, 2023 | 371.50 Mn |
| Sep 30, 2023 | 536.20 Mn |
| Jun 30, 2023 | 312.30 Mn |
| Mar 31, 2023 | 156.20 Mn |
| Dec 31, 2022 | 393.80 Mn |
| Sep 30, 2022 | 471.30 Mn |
| Jun 30, 2022 | 202.20 Mn |
| Mar 31, 2022 | 97.50 Mn |
| Dec 31, 2021 | 153.40 Mn |
| Sep 30, 2021 | 316.80 Mn |
API Access
Targa Resources Inventory 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=inventory&ticker=TRGP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "inventory", "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=inventory&ticker=TRGP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();