Targa Resources (TRGP) Non-Current Deferred Tax Liability (2009 - 2026)
Targa Resources (TRGP) reported Non-Current Deferred Tax Liability of $1.86 billion for Q3 2026, up 51.4% from $1.23 billion a year earlier and up 7.2% from the prior quarter.
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Analysis
Targa Resources (TRGP) Non-Current Deferred Tax Liability (2009 - 2026) Analysis & Trends
At the end of FY2025, Targa Resources posted Non-Current Deferred Tax Liability of $1.39 billion, up 59.8% from FY2024.
- Non-Current Deferred Tax Liability has increased for four consecutive years, with a five-year compound annual growth rate of 55.7% (FY2020 to FY2025).
- By year, Non-Current Deferred Tax Liability came in at $872.1 million in FY2024 (+62.8%), $535.8 million in FY2023 (+63.5%), $327.7 million in FY2022 (+141.0%) and $136 million in FY2021 (-10.6%).
- The Q3 2026 figure ranks as the highest quarterly Non-Current Deferred Tax Liability in data going back to Q4 2009.
- Year over year, Non-Current Deferred Tax Liability has now increased in each of the last 18 quarters, with growth averaging 57.6% over the last eight quarters.
- The high point for year-over-year Non-Current Deferred Tax Liability in five years was Q3 2022 (growth of 283.0%); the low point was Q1 2022 (a decline of 45.4%).
- Per Business Quant data, the three quarters before Q3 2026 came in at $1.73 billion (Q2 2026), $1.48 billion (Q1 2026) and $1.39 billion (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Enbridge | 106.26 Bn | 104.14 Bn | 4.35 Bn |
| 2 | Williams Companies | 86.41 Bn | 89.20 Bn | 2.59 Bn |
| 3 | Enterprise Products Partners | 82.58 Bn | 80.98 Bn | 14.00 Mn |
| 4 | Kinder Morgan | 71.13 Bn | 71.22 Bn | 2.97 Bn |
| 5 | Tc Energy | 67.40 Bn | 71.05 Bn | - |
| 6 | Energy Transfer | 66.89 Bn | 62.98 Bn | 6.57 Bn |
| 7 | Targa Resources | 63.77 Bn | 62.98 Bn | 2.02 Bn |
| 8 | Cheniere Energy | 63.04 Bn | 62.60 Bn | 2.97 Bn |
| 9 | Mplx | 58.00 Bn | 52.25 Bn | 3.19 Bn |
| 10 | Oneok | 56.58 Bn | 65.12 Bn | 2.84 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 1.86 Bn |
| Jun 30, 2026 | 1.73 Bn |
| Mar 31, 2026 | 1.48 Bn |
| Dec 31, 2025 | 1.39 Bn |
| Sep 30, 2025 | 1.23 Bn |
| Jun 30, 2025 | 1.08 Bn |
| Mar 31, 2025 | 902.20 Mn |
| Dec 31, 2024 | 872.10 Mn |
| Sep 30, 2024 | 793.70 Mn |
| Jun 30, 2024 | 684.50 Mn |
| Mar 31, 2024 | 600.20 Mn |
| Dec 31, 2023 | 535.80 Mn |
| Sep 30, 2023 | 418.30 Mn |
| Jun 30, 2023 | 405.10 Mn |
| Mar 31, 2023 | 298.30 Mn |
| Dec 31, 2022 | 327.70 Mn |
| Sep 30, 2022 | 301.40 Mn |
| Jun 30, 2022 | 213.40 Mn |
| Mar 31, 2022 | 88.00 Mn |
| Dec 31, 2021 | 136.00 Mn |
API Access
Targa Resources Non-Current Deferred Tax Liability 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=non-current-deferred-tax-liability&ticker=TRGP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "non-current-deferred-tax-liability", "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=non-current-deferred-tax-liability&ticker=TRGP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();