Targa Resources (TRGP) Operating Leases (2019 - 2025)

Targa Resources' (TRGP) quarterly Operating Leases came in at $89.5 million in Q4 2025, down 1.0% year-on-year from $90.4 million in Q4 2024, and down 1.0% sequentially from $90.4 million in Q4 2024.

Targa Resources (TRGP) Operating Leases (2019 - 2025) Analysis & Trends

Targa Resources' Operating Leases history runs 7 years deep, the most recent figure standing at $89.5 million for 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 came in at $89.5 million for Q4 2025 at Targa Resources, down from $90.4 million in the prior quarter.
  • Over five years, Operating Leases peaked at $90.4 million in Q4 2024 and troughed at $27.2 million in Q1 2023.
  • The 5-year median for Operating Leases is $58.1 million (2022), against an average of $58.2 million.
  • The widest annual swing landed in 2023, when Operating Leases slumped 40.54%; it then jumped 181.62% in 2024.
  • A 5-year view of Operating Leases shows it 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.
  • Per Business Quant data, the three most recent Operating Leases figures were $89.5 million in Q4 2025, $90.4 million in Q4 2024, and $80.9 million in Q3 2024.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 Enbridge 1,308.38 Bn 1,309.08 Bn 6.70 Bn
2 Kinder Morgan 112.34 Bn 113.42 Bn 3.08 Bn
3 Enterprise Products Partners 79.55 Bn 78.40 Bn -
4 Energy Transfer 65.78 Bn 65.07 Bn 6.62 Bn
5 Targa Resources 57.60 Bn 57.63 Bn 1.70 Bn
6 Mplx 57.17 Bn 55.67 Bn 2.54 Bn
7 Oneok 54.83 Bn 54.70 Bn 2.57 Bn
8 Cheniere Energy Partners 29.50 Bn 29.22 Bn 838.00 Mn
9 Venture Global 27.41 Bn 27.36 Bn 4.33 Bn
10 Plains All American Pipeline 15.72 Bn 15.54 Bn 977.00 Mn

Historic Data

Download Data
DateValue
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