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| Date | Value |
|---|---|
| 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% |