Targa Resources (TRGP) Return on Capital Employed (2011 - 2026)
Targa Resources' (TRGP) quarterly Return on Capital Employed came in at 3.63% in Q1 2026, down 966.0% year-on-year from 0.42% in Q1 2025, and up 46.92% sequentially from 2.47% in Q4 2025.
Targa Resources (TRGP) Return on Capital Employed (2011 - 2026) Analysis & Trends
Targa Resources' Return on Capital Employed history runs 16 years deep, the most recent figure standing at 3.63% for Q1 2026.
- In Q1 2026, Return on Capital Employed fell 966.0% year-over-year to 3.63%; the TTM figure through Mar 2026 stood at 3.63% (down 966.0% YoY), while the FY2025 annual figure was 2.56%, down 1199.0% from the prior year.
- Return on Capital Employed came in at 3.63% for Q1 2026 at Targa Resources, up from 2.47% in the prior quarter.
- Over five years, Return on Capital Employed peaked at 479.94% in Q3 2022 and troughed at 34.12% in Q2 2022.
- The 5-year median for Return on Capital Employed is 14.08% (2024), against an average of 36.39%.
- The widest annual swing landed in 2022, when Return on Capital Employed jumped 55999 bps; it then slumped 45367 bps in 2023.
- A 5-year view of Return on Capital Employed shows it stood at 16.87% in 2022, then sank by 82 bps to 2.96% in 2023, then jumped by 375 bps to 14.08% in 2024, then plunged by 82 bps to 2.47% in 2025, then jumped by 47 bps to 3.63% in 2026.
- Per Business Quant data, the three most recent Return on Capital Employed figures were 3.63% in Q1 2026, 2.47% in Q4 2025, and 14.9% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 1,308.38 Bn | 1,309.08 Bn | 6.70 Bn | 5.26% |
| 2 | Kinder Morgan | 112.34 Bn | 113.42 Bn | 3.08 Bn | 7.42% |
| 3 | Enterprise Products Partners | 79.55 Bn | 78.40 Bn | - | 11.93% |
| 4 | Energy Transfer | 65.78 Bn | 65.07 Bn | 6.62 Bn | 7.59% |
| 5 | Targa Resources | 57.60 Bn | 57.63 Bn | 1.70 Bn | 3.63% |
| 6 | Mplx | 57.17 Bn | 55.67 Bn | 2.54 Bn | 14.56% |
| 7 | Oneok | 54.83 Bn | 54.70 Bn | 2.57 Bn | 9.98% |
| 8 | Cheniere Energy Partners | 29.50 Bn | 29.22 Bn | 838.00 Mn | 22.68% |
| 9 | Venture Global | 27.41 Bn | 27.36 Bn | 4.33 Bn | 10.22% |
| 10 | Plains All American Pipeline | 15.72 Bn | 15.54 Bn | 977.00 Mn | 6.09% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 3.63% |
| Dec 31, 2025 | 2.47% |
| Sep 30, 2025 | 14.90% |
| Jun 30, 2025 | 15.04% |
| Mar 31, 2025 | 13.28% |
| Dec 31, 2024 | 14.08% |
| Sep 30, 2024 | 2.17% |
| Jun 30, 2024 | 1.04% |
| Mar 31, 2024 | 1.17% |
| Dec 31, 2023 | 2.96% |
| Sep 30, 2023 | 26.27% |
| Jun 30, 2023 | 24.83% |
| Mar 31, 2023 | 16.92% |
| Dec 31, 2022 | 16.87% |
| Sep 30, 2022 | 479.94% |
| Jun 30, 2022 | -34.12% |
| Mar 31, 2022 | 17.13% |
| Dec 31, 2021 | 16.01% |
| Sep 30, 2021 | -80.05% |
| Jun 30, 2021 | 35.71% |