Targa Resources (TRGP) Return on Capital Employed (2011 - 2026)
Targa Resources (TRGP) posted quarterly Return on Capital Employed of 15.97% for Q1 2026, up 268.0% year-over-year from 4.34% in Q1 2025, and up 1.36% quarter-over-quarter from 15.75% in Q4 2025.
Targa Resources (TRGP) Return on Capital Employed (2011 - 2026) Analysis & Trends
Targa Resources (TRGP) has reported Return on Capital Employed for 16 consecutive years, with 15.97% the latest figure, recorded in Q1 2026.
- In Q1 2026, Return on Capital Employed rose 268.0% year-over-year to 15.97%; the TTM figure through Mar 2026 stood at 15.97% (up 268.0% YoY), while the FY2025 annual figure was 16.31%, up 176.0% from the prior year.
- Return on Capital Employed advanced to 15.97% in Q1 2026 per TRGP's latest filing, from 15.75% in the prior quarter.
- Across five years, Return on Capital Employed topped out at 207.93% in Q3 2023 and bottomed at 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.
- Annual changes were most pronounced in 2023 — Return on Capital Employed surged 24173 bps — and 2024, when it sank 19406 bps.
- Targa Resources' Return on Capital Employed stood at 25.39% in 2022, then dropped by 9 bps to 23.12% in 2023, then plunged by 39 bps to 14.08% in 2024, then gained by 12 bps to 15.75% in 2025, then climbed by 1 bps to 15.97% in 2026.
- Business Quant data shows TRGP's Return on Capital Employed at 15.97% in Q1 2026, 15.75% in Q4 2025, and 14.9% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 112.69 Bn | 112.57 Bn | 3.07 Bn | 7.68% |
| 2 | Enbridge | 111.03 Bn | 109.54 Bn | 5.23 Bn | 5.40% |
| 3 | Enterprise Products Partners | 83.34 Bn | 82.44 Bn | - | 12.27% |
| 4 | Energy Transfer | 72.41 Bn | 71.38 Bn | 7.40 Bn | 8.43% |
| 5 | Tc Energy | 65.97 Bn | 58.41 Bn | 1.24 Bn | - |
| 6 | Oneok | 60.11 Bn | 59.94 Bn | 2.81 Bn | 9.99% |
| 7 | Mplx | 60.04 Bn | 59.01 Bn | 2.73 Bn | 14.79% |
| 8 | Targa Resources | 59.42 Bn | 59.29 Bn | 2.14 Bn | 15.72% |
| 9 | Cheniere Energy | 56.10 Bn | 54.85 Bn | 5.29 Bn | 15.05% |
| 10 | Venture Global | 34.30 Bn | 31.08 Bn | 2.92 Bn | 11.58% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 15.72% |
| 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% |