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
DateValue
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%