Targa Resources (TRGP) Operating Leases (2019 - 2025)
Targa Resources (TRGP) posted quarterly Operating Leases of $89.5 million for Q4 2025, down 1.0% year-over-year from $90.4 million in Q4 2024, and down 1.0% quarter-over-quarter from $90.4 million in Q4 2024.
Targa Resources (TRGP) Operating Leases (2019 - 2025) Analysis & Trends
Targa Resources (TRGP) has reported Operating Leases for 7 consecutive years, with $89.5 million the latest figure, recorded in Q4 2025.
- In Q4 2025, Operating Leases fell 1.0% year-over-year to $89.5 million; the TTM figure through Dec 2025 stood at $89.5 million (down 1.0% YoY), while the FY2025 annual figure was $89.5 million, down 1.0% from the prior year.
- Operating Leases fell to $89.5 million in Q4 2025 per TRGP's latest filing, from $90.4 million in the prior quarter.
- Across five years, Operating Leases topped out at $90.4 million in Q4 2024 and bottomed at $27.2 million in Q1 2023.
- Historically, Operating Leases has averaged $58.2 million across 5 years, with a median of $58.1 million in 2022.
- Annual changes were most pronounced in 2023 — Operating Leases sank 40.54% — and 2024, when it soared 181.62%.
- Targa Resources' Operating Leases stood at $34.5 million in 2021, then retreated by 17.1% to $28.6 million in 2022, then jumped by 97.55% to $56.5 million in 2023, then soared by 60.0% to $90.4 million in 2024, then slipped by 1.0% to $89.5 million in 2025.
- Business Quant data shows TRGP's Operating Leases at $89.5 million in Q4 2025, $90.4 million in Q4 2024, and $80.9 million in Q3 2024.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Kinder Morgan | 112.69 Bn | 112.57 Bn | 3.07 Bn |
| 2 | Enbridge | 110.90 Bn | 109.41 Bn | 5.23 Bn |
| 3 | Enterprise Products Partners | 83.47 Bn | 82.57 Bn | - |
| 4 | Energy Transfer | 72.69 Bn | 71.66 Bn | 7.40 Bn |
| 5 | Tc Energy | 65.95 Bn | 58.39 Bn | 1.24 Bn |
| 6 | Oneok | 60.15 Bn | 59.99 Bn | 2.81 Bn |
| 7 | Mplx | 59.97 Bn | 58.94 Bn | 2.73 Bn |
| 8 | Targa Resources | 59.51 Bn | 59.37 Bn | 2.14 Bn |
| 9 | Cheniere Energy | 56.09 Bn | 54.84 Bn | 5.29 Bn |
| 10 | Venture Global | 34.41 Bn | 31.19 Bn | 2.92 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 89.50 Mn |
| Dec 31, 2024 | 90.40 Mn |
| Sep 30, 2024 | 80.90 Mn |
| Jun 30, 2024 | 79.70 Mn |
| Mar 31, 2024 | 76.60 Mn |
| Dec 31, 2023 | 56.50 Mn |
| Sep 30, 2023 | 35.50 Mn |
| Jun 30, 2023 | 39.60 Mn |
| Mar 31, 2023 | 27.20 Mn |
| Dec 31, 2022 | 28.60 Mn |
| Sep 30, 2022 | 59.70 Mn |
| Dec 31, 2021 | 34.50 Mn |
| Dec 31, 2020 | 46.20 Mn |
| Dec 31, 2019 | 47.20 Mn |
| Jun 30, 2019 | 51.30 Mn |
| Mar 31, 2019 | 47.80 Mn |