Targa Resources (TRGP) Return on Capital Employed [ROCE] (2011 - 2026)
Targa Resources (TRGP) reported Return on Capital Employed [ROCE] of 15.72% for Q2 2026, up 0.68 percentage points from 15.04% a year earlier but down 0.25 percentage points from the prior quarter.
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Analysis
Targa Resources (TRGP) Return on Capital Employed [ROCE] (2011 - 2026) Analysis & Trends
For FY2025, Targa Resources posted Return on Capital Employed [ROCE] of 16.31%, up 1.76 percentage points from FY2024.
- Return on Capital Employed [ROCE] has a five-year change of +24.68 percentage points (FY2020 to FY2025).
- By year, Return on Capital Employed [ROCE] came in at 14.55% in FY2024 (-0.59 pp), 15.13% in FY2023 (+3.06 pp), 12.08% in FY2022 (+5.55 pp) and 6.53% in FY2021 (+14.91 pp).
- Five-year quarterly Return on Capital Employed [ROCE] spans a low of 6.51% in Q4 2021 and a high of 15.97% in Q1 2026.
- Year over year, Return on Capital Employed [ROCE] has now increased in each of the last five quarters, with an average year-over-year change of +0.73 percentage points over the last eight quarters.
- The high point for year-over-year Return on Capital Employed [ROCE] in five years was Q3 2021 (a gain of 20.41 percentage points); the low point was Q3 2022 (a drop of 1.75 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 15.97% (Q1 2026), 15.75% (Q4 2025) and 14.90% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 101.05 Bn | 98.59 Bn | 4.84 Bn | 5.40% |
| 2 | Williams Companies | 84.68 Bn | 83.39 Bn | 2.54 Bn | 8.70% |
| 3 | Enterprise Products Partners | 77.03 Bn | 75.46 Bn | - | 12.27% |
| 4 | Energy Transfer | 69.18 Bn | 62.61 Bn | 7.40 Bn | 8.43% |
| 5 | Kinder Morgan | 67.95 Bn | 68.90 Bn | 3.07 Bn | 7.68% |
| 6 | Tc Energy | 61.01 Bn | 64.08 Bn | 2.81 Bn | - |
| 7 | Targa Resources | 59.91 Bn | 59.53 Bn | 2.14 Bn | 15.72% |
| 8 | Mplx | 57.11 Bn | 50.67 Bn | 2.91 Bn | 14.79% |
| 9 | Cheniere Energy | 56.26 Bn | 56.39 Bn | 5.29 Bn | 15.05% |
| 10 | Oneok | 54.95 Bn | 53.44 Bn | 2.81 Bn | 9.99% |
Historic Data
Download Data
Historic 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 | 14.86% |
| Sep 30, 2023 | 14.83% |
| Jun 30, 2023 | 14.58% |
| Mar 31, 2023 | 13.49% |
| Dec 31, 2022 | 10.54% |
| Sep 30, 2022 | 7.78% |
| Jun 30, 2022 | 8.41% |
| Mar 31, 2022 | 6.62% |
| Dec 31, 2021 | 6.51% |
| Sep 30, 2021 | 9.53% |
API Access
Targa Resources Return on Capital Employed [ROCE] API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=return-on-capital-employed-%5Broce%5D&ticker=TRGP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-capital-employed-[roce]", "ticker": "TRGP", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=return-on-capital-employed-%5Broce%5D&ticker=TRGP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();