Targa Resources (TRGP) Operating Leases (2019 - 2025)
Targa Resources' Operating Leases was $89.5 million in Q4 2025, down 1.0% from $90.4 million a year earlier.
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Analysis
Targa Resources (TRGP) Operating Leases (2019 - 2025) Analysis & Trends
From Q1 2019 onward, Targa Resources has reported Operating Leases for 16 quarters.
- Operating Leases shows a five-year compound annual growth rate of 14.1% (FY2020 to FY2025).
- In earlier years, Operating Leases was $90.4 million in FY2024 (+60.0%), $56.5 million in FY2023 (+97.6%), $28.6 million in FY2022 (-17.1%) and $34.5 million in FY2021 (-25.3%).
- The Q4 2025 figure marks the lowest quarterly Operating Leases since Q3 2024.
- Compared with a year earlier, Operating Leases was higher in four of the last five quarters, with growth averaging 94.0%.
- The best year-over-year quarter for Operating Leases over five years was Q1 2024 (growth of 181.6%); the worst was Q3 2023 (a decline of 40.5%).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Enbridge | 102.52 Bn | 100.06 Bn | 4.84 Bn |
| 2 | Enterprise Products Partners | 79.27 Bn | 77.71 Bn | - |
| 3 | Energy Transfer | 69.21 Bn | 62.65 Bn | 7.40 Bn |
| 4 | Kinder Morgan | 68.17 Bn | 69.12 Bn | 3.07 Bn |
| 5 | Tc Energy | 61.09 Bn | 64.16 Bn | 2.81 Bn |
| 6 | Targa Resources | 59.48 Bn | 59.10 Bn | 2.14 Bn |
| 7 | Mplx | 58.45 Bn | 52.01 Bn | 2.91 Bn |
| 8 | Oneok | 55.88 Bn | 54.37 Bn | 2.81 Bn |
| 9 | Cheniere Energy | 55.70 Bn | 55.83 Bn | 5.29 Bn |
| 10 | Venture Global | 32.11 Bn | 26.66 Bn | 2.92 Bn |
Historic Data
Download Data
Historic 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 |
API Access
Targa Resources Operating Leases 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=operating-leases&ticker=TRGP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-leases", "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=operating-leases&ticker=TRGP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();