Targa Resources (TRGP) Return on Assets [ROA] (2011 - 2026)
Targa Resources' Return on Assets [ROA] came in at 8.29% for Q2 2026, up 0.60 percentage points from 7.68% a year earlier and up 0.01 percentage points from the prior quarter.
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Analysis
Targa Resources (TRGP) Return on Assets [ROA] (2011 - 2026) Analysis & Trends
For FY2025, Targa Resources' Return on Assets [ROA] was 8.16%, up 1.00 percentage points from FY2024.
- Return on Assets [ROA] carries a five-year change of +15.80 percentage points (FY2020 to FY2025).
- Going back by year, Return on Assets [ROA] was 7.16% in FY2024 (-0.69 pp), 7.85% in FY2023 (-0.96 pp), 8.81% in FY2022 (+6.09 pp) and 2.72% in FY2021 (+10.35 pp).
- The Q2 2026 figure represents the highest quarterly Return on Assets [ROA] since Q2 2023.
- Year-over-year, Return on Assets [ROA] has increased for six consecutive quarters, with an average year-over-year change of +0.42 percentage points over the last eight quarters.
- The fastest year-over-year change in Return on Assets [ROA] over five years came in Q3 2021 (a gain of 14.49 percentage points), and the weakest in Q1 2024 (a drop of 3.41 percentage points).
- Business Quant data shows TRGP's Return on Assets [ROA] at 8.27% (Q1 2026), 7.92% (Q4 2025) and 7.62% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROA (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 101.53 Bn | 99.08 Bn | 4.84 Bn | 2.74% |
| 2 | Enterprise Products Partners | 76.92 Bn | 75.35 Bn | - | 7.85% |
| 3 | Energy Transfer | 67.97 Bn | 61.41 Bn | 7.40 Bn | 4.76% |
| 4 | Kinder Morgan | 67.10 Bn | 68.05 Bn | 3.07 Bn | 4.85% |
| 5 | Tc Energy | 60.19 Bn | 63.26 Bn | 2.81 Bn | - |
| 6 | Targa Resources | 57.97 Bn | 57.59 Bn | 2.14 Bn | 8.29% |
| 7 | Mplx | 57.16 Bn | 50.72 Bn | 2.91 Bn | 11.10% |
| 8 | Cheniere Energy | 55.61 Bn | 55.74 Bn | 5.29 Bn | 9.41% |
| 9 | Oneok | 53.75 Bn | 52.24 Bn | 2.81 Bn | 5.35% |
| 10 | Venture Global | 31.49 Bn | 26.04 Bn | 2.92 Bn | 6.42% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 8.29% |
| Mar 31, 2026 | 8.27% |
| Dec 31, 2025 | 7.92% |
| Sep 30, 2025 | 7.62% |
| Jun 30, 2025 | 7.68% |
| Mar 31, 2025 | 6.59% |
| Dec 31, 2024 | 6.96% |
| Sep 30, 2024 | 6.94% |
| Jun 30, 2024 | 6.31% |
| Mar 31, 2024 | 6.54% |
| Dec 31, 2023 | 7.73% |
| Sep 30, 2023 | 8.16% |
| Jun 30, 2023 | 8.41% |
| Mar 31, 2023 | 9.94% |
| Dec 31, 2022 | 7.86% |
| Sep 30, 2022 | 5.10% |
| Jun 30, 2022 | 5.84% |
| Mar 31, 2022 | 2.38% |
| Dec 31, 2021 | 2.71% |
| Sep 30, 2021 | 5.21% |
API Access
Targa Resources Return on Assets [ROA] 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=return-on-assets-%5Broa%5D&ticker=TRGP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-assets-[roa]", "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=return-on-assets-%5Broa%5D&ticker=TRGP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();