Targa Resources (TRGP) Return on Equity [ROE] (2011 - 2026)
Targa Resources (TRGP) posted Return on Equity [ROE] of 65.25% for Q2 2026, down 2.09 percentage points from 67.34% a year earlier and down 1.68 percentage points from the prior quarter.
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Analysis
Targa Resources (TRGP) Return on Equity [ROE] (2011 - 2026) Analysis & Trends
For FY2025, Targa Resources' Return on Equity [ROE] came in at 51.38%, up 16.97 percentage points from FY2024.
- Annual Return on Equity [ROE] has increased for five consecutive years, with a five-year change of +69.85 percentage points (FY2020 to FY2025).
- In prior years, Targa Resources' Return on Equity [ROE] was 34.41% in FY2024 (+1.49 pp), 32.93% in FY2023 (+2.79 pp), 30.14% in FY2022 (+22.53 pp) and 7.62% in FY2021 (+26.09 pp).
- Quarterly Return on Equity [ROE] has run from a low of 7.89% in Q1 2022 to a high of 67.34% in Q2 2025 over five years.
- On a year-over-year basis, Return on Equity [ROE] increased in five of the last eight quarters, with an average year-over-year change of +16.49 percentage points.
- The strongest year-over-year quarter for Return on Equity [ROE] in the past five years was Q3 2021, with a gain of 38.95 percentage points; the weakest was Q1 2024, with a drop of 11.30 percentage points.
- According to Business Quant data, Return on Equity [ROE] for the three prior quarters was 66.93% (Q1 2026), 64.88% (Q4 2025) and 65.56% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROE (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 100.40 Bn | 97.94 Bn | 4.84 Bn | 9.28% |
| 2 | Williams Companies | 86.28 Bn | 85.00 Bn | 2.54 Bn | 24.72% |
| 3 | Enterprise Products Partners | 78.15 Bn | 76.58 Bn | - | 20.74% |
| 4 | Energy Transfer | 70.55 Bn | 63.99 Bn | 7.40 Bn | 14.04% |
| 5 | Kinder Morgan | 69.13 Bn | 70.08 Bn | 3.07 Bn | 10.91% |
| 6 | Tc Energy | 61.50 Bn | 64.57 Bn | 2.81 Bn | 446.22% |
| 7 | Targa Resources | 60.39 Bn | 60.01 Bn | 2.14 Bn | 65.25% |
| 8 | Mplx | 57.19 Bn | 50.75 Bn | 2.91 Bn | 33.40% |
| 9 | Cheniere Energy | 55.74 Bn | 55.87 Bn | 5.29 Bn | 44.23% |
| 10 | Oneok | 55.40 Bn | 53.89 Bn | 2.81 Bn | 16.10% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 65.25% |
| Mar 31, 2026 | 66.93% |
| Dec 31, 2025 | 64.88% |
| Sep 30, 2025 | 65.56% |
| Jun 30, 2025 | 67.34% |
| Mar 31, 2025 | 42.94% |
| Dec 31, 2024 | 35.00% |
| Sep 30, 2024 | 34.00% |
| Jun 30, 2024 | 29.76% |
| Mar 31, 2024 | 29.53% |
| Dec 31, 2023 | 35.14% |
| Sep 30, 2023 | 36.28% |
| Jun 30, 2023 | 36.14% |
| Mar 31, 2023 | 40.83% |
| Dec 31, 2022 | 31.53% |
| Sep 30, 2022 | 19.41% |
| Jun 30, 2022 | 21.26% |
| Mar 31, 2022 | 7.89% |
| Dec 31, 2021 | 7.98% |
| Sep 30, 2021 | 15.14% |
API Access
Targa Resources Return on Equity [ROE] 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-equity-%5Broe%5D&ticker=TRGP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-equity-[roe]", "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-equity-%5Broe%5D&ticker=TRGP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();