Targa Resources (TRGP) Return on Capital Employed (2011 - 2026)

Targa Resources' (TRGP) quarterly Return on Capital Employed came in at 15.97% in Q1 2026, up 268.0% year-on-year from 4.34% in Q1 2025, and up 1.36% on a QoQ basis from 15.75% in Q4 2025.

Targa Resources (TRGP) Return on Capital Employed (2011 - 2026) Analysis & Trends

Targa Resources (TRGP) has 16 years of Return on Capital Employed data on file, last reported at 15.97% in Q1 2026.

  • On a quarterly basis, Return on Capital Employed rose 268.0% year-over-year to 15.97% in Q1 2026; TTM through Mar 2026 was 15.97%, a 268.0% increase from a year earlier, with the FY2025 full-year figure at 16.31%, up 176.0% from the prior year.
  • Return on Capital Employed for Q1 2026 stood at 15.97%, up from 15.75% in the prior quarter.
  • Over the last five years, Return on Capital Employed for TRGP reached as high as 207.93% in Q3 2023 and fell as low as 119.28% in Q2 2023.
  • Historically, Return on Capital Employed has averaged 11.89% across 5 years, with a median of 14.08% in 2024.
  • Across the five-year window, Return on Capital Employed soared 24173 bps in 2023 and tumbled 19406 bps in 2024, its largest moves.
  • Year by year, Return on Capital Employed stood at 25.39% in 2022, then fell by 9 bps to 23.12% in 2023, then plunged by 39 bps to 14.08% in 2024, then climbed by 12 bps to 15.75% in 2025, then increased by 1 bps to 15.97% in 2026.
  • Per Business Quant data, the three most recent Return on Capital Employed figures were 15.97% in Q1 2026, 15.75% in Q4 2025, and 14.9% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) ROCE (Qtr)
1 DHT Holdings 2,706.13 Bn 2,706.00 Bn 167.16 Mn 22.21%
2 Flex LNG 1,674.16 Bn 1,673.77 Bn 61.79 Mn 14.37%
3 Kinder Morgan 112.74 Bn 113.82 Bn 3.07 Bn 7.68%
4 Enbridge 89.82 Bn 89.03 Bn 6.70 Bn 5.26%
5 Enterprise Products Partners 83.97 Bn 82.82 Bn - 11.93%
6 Tc Energy 72.76 Bn 73.95 Bn 1.36 Bn -
7 Energy Transfer 70.27 Bn 69.30 Bn 6.62 Bn 7.59%
8 Targa Resources 61.30 Bn 61.34 Bn 1.70 Bn 15.97%
9 Oneok 61.15 Bn 61.02 Bn 8.98 Bn 9.98%
10 Mplx 58.39 Bn 56.89 Bn 1.95 Bn 14.56%

Historic Data

Download Data
DateValue
Mar 31, 2026 15.97%
Dec 31, 2025 15.75%
Sep 30, 2025 14.90%
Jun 30, 2025 15.04%
Mar 31, 2025 13.28%
Dec 31, 2024 14.08%
Sep 30, 2024 13.87%
Jun 30, 2024 13.25%
Mar 31, 2024 13.54%
Dec 31, 2023 23.12%
Sep 30, 2023 207.93%
Jun 30, 2023 -119.28%
Mar 31, 2023 30.49%
Dec 31, 2022 25.39%
Sep 30, 2022 -33.79%
Jun 30, 2022 -33.31%
Mar 31, 2022 -28.13%
Dec 31, 2021 66.59%
Sep 30, 2021 150.12%
Jun 30, 2021 -59.89%