Targa Resources (TRGP) Non-Current Deferred Tax Liability (2010 - 2026)
Targa Resources (TRGP) posted quarterly Non-Current Deferred Tax Liability of $1.5 billion for Q1 2026, up 63.95% year-over-year from $902.2 million in Q1 2025, and up 6.15% quarter-over-quarter from $1.4 billion in Q4 2025.
Targa Resources (TRGP) Non-Current Deferred Tax Liability (2010 - 2026) Analysis & Trends
Targa Resources (TRGP) has reported Non-Current Deferred Tax Liability for 17 consecutive years, with $1.5 billion the latest figure, recorded in Q1 2026.
- In Q1 2026, Non-Current Deferred Tax Liability rose 63.95% year-over-year to $1.5 billion; the TTM figure through Mar 2026 stood at $1.5 billion (up 63.95% YoY), while the FY2025 annual figure was $1.4 billion, up 59.79% from the prior year.
- Non-Current Deferred Tax Liability advanced to $1.5 billion in Q1 2026 per TRGP's latest filing, from $1.4 billion in the prior quarter.
- Across five years, Non-Current Deferred Tax Liability topped out at $1.5 billion in Q1 2026 and bottomed at $88.0 million in Q1 2022.
- Historically, Non-Current Deferred Tax Liability has averaged $683.5 million across 5 years, with a median of $600.2 million in 2024.
- On a YoY basis, Non-Current Deferred Tax Liability climbed as much as 282.97% in 2022 and fell as far as 45.44% in 2022.
- Targa Resources' Non-Current Deferred Tax Liability stood at $327.7 million in 2022, then soared by 63.5% to $535.8 million in 2023, then jumped by 62.77% to $872.1 million in 2024, then surged by 59.79% to $1.4 billion in 2025, then increased by 6.15% to $1.5 billion in 2026.
- Business Quant data shows TRGP's Non-Current Deferred Tax Liability at $1.5 billion in Q1 2026, $1.4 billion in Q4 2025, and $1.2 billion in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Kinder Morgan | 112.69 Bn | 112.57 Bn | 3.07 Bn |
| 2 | Enbridge | 111.13 Bn | 109.64 Bn | 5.23 Bn |
| 3 | Enterprise Products Partners | 83.45 Bn | 82.54 Bn | - |
| 4 | Energy Transfer | 72.53 Bn | 71.50 Bn | 7.40 Bn |
| 5 | Tc Energy | 66.12 Bn | 58.56 Bn | 1.24 Bn |
| 6 | Mplx | 60.19 Bn | 59.16 Bn | 2.73 Bn |
| 7 | Oneok | 60.00 Bn | 59.84 Bn | 2.81 Bn |
| 8 | Targa Resources | 59.13 Bn | 59.00 Bn | 2.14 Bn |
| 9 | Cheniere Energy | 56.04 Bn | 54.79 Bn | 5.29 Bn |
| 10 | Venture Global | 34.44 Bn | 31.22 Bn | 2.92 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 1.73 Bn |
| Jun 30, 2026 | 1.73 Bn |
| Mar 31, 2026 | 1.48 Bn |
| Mar 31, 2026 | 1.48 Bn |
| Dec 31, 2025 | 1.39 Bn |
| Dec 31, 2025 | 1.39 Bn |
| Sep 30, 2025 | 1.23 Bn |
| Sep 30, 2025 | 1.23 Bn |
| Jun 30, 2025 | 1.08 Bn |
| Jun 30, 2025 | 1.08 Bn |
| Mar 31, 2025 | 902.20 Mn |
| Mar 31, 2025 | 902.20 Mn |
| Dec 31, 2024 | 872.10 Mn |
| Dec 31, 2024 | 872.10 Mn |
| Sep 30, 2024 | 793.70 Mn |
| Sep 30, 2024 | 793.70 Mn |
| Jun 30, 2024 | 684.50 Mn |
| Jun 30, 2024 | 684.50 Mn |
| Mar 31, 2024 | 600.20 Mn |
| Mar 31, 2024 | 600.20 Mn |