Targa Resources (TRGP) Tax Provisions (2010 - 2026)
Targa Resources' (TRGP) quarterly Tax Provisions came in at $227.2 million in Q2 2026, up 23.41% year-over-year from $184.1 million in Q2 2025, and up 83.37% quarter-over-quarter from $123.9 million in Q1 2026.
Analysis
Targa Resources (TRGP) Tax Provisions (2010 - 2026) Analysis & Trends
Targa Resources (TRGP) has reported Tax Provisions for 17 consecutive years, with $227.2 million the latest figure, recorded in Q2 2026.
- On a quarterly basis, Tax Provisions rose 23.41% year-over-year to $227.2 million in Q2 2026; TTM through Jun 2026 was $624.5 million, a 28.45% increase from a year earlier, with the FY2025 full-year figure at $529.7 million, up 30.15% from the prior year.
- Tax Provisions was $227.2 million for Q2 2026 at Targa Resources, up from $123.9 million in the prior quarter.
- Over five years, Tax Provisions peaked at $227.2 million in Q2 2026 and troughed at $12.0 million in Q3 2022.
- A 5-year average of $109.7 million and a median of $103.6 million in 2023 frame the typical range for Tax Provisions.
- Across the five-year window, Tax Provisions jumped 6368.0% in 2022 and slipped 25.02% in 2024, its largest moves.
- Over 5 years, Tax Provisions stood at $156.7 million in 2022, then dropped by 6.06% to $147.2 million in 2023, then retreated by 9.71% to $132.9 million in 2024, then gained by 4.67% to $139.1 million in 2025, then surged by 63.34% to $227.2 million in 2026.
- The last three Tax Provisions figures came in at $227.2 million (Q2 2026), $123.9 million (Q1 2026), and $139.1 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 111.69 Bn | 112.81 Bn | 3.07 Bn | 272.00 Mn |
| 2 | Enterprise Products Partners | 84.07 Bn | 83.21 Bn | - | 12.00 Mn |
| 3 | Energy Transfer | 74.03 Bn | 73.00 Bn | 7.40 Bn | 194.00 Mn |
| 4 | Tc Energy | 65.16 Bn | 64.62 Bn | 1.80 Bn | 61.45 Mn |
| 5 | Targa Resources | 62.18 Bn | 62.19 Bn | 2.14 Bn | 227.20 Mn |
| 6 | Mplx | 60.51 Bn | 59.48 Bn | 2.73 Bn | 2.00 Mn |
| 7 | Oneok | 60.16 Bn | 60.09 Bn | 2.81 Bn | 299.00 Mn |
| 8 | Enbridge | 54.38 Bn | 54.88 Bn | 5.23 Bn | 319.53 Mn |
| 9 | Pembina Pipeline | 28.12 Bn | 27.76 Bn | 933.00 Mn | 140.00 Mn |
| 10 | Gas Transporter Of The South | 21.92 Bn | -3,019.13 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 227.20 Mn |
| Mar 31, 2026 | 123.90 Mn |
| Dec 31, 2025 | 139.10 Mn |
| Sep 30, 2025 | 134.30 Mn |
| Jun 30, 2025 | 184.10 Mn |
| Mar 31, 2025 | 72.20 Mn |
| Dec 31, 2024 | 132.90 Mn |
| Sep 30, 2024 | 97.00 Mn |
| Jun 30, 2024 | 94.30 Mn |
| Mar 31, 2024 | 82.70 Mn |
| Dec 31, 2023 | 147.20 Mn |
| Sep 30, 2023 | 53.90 Mn |
| Jun 30, 2023 | 96.40 Mn |
| Mar 31, 2023 | 110.30 Mn |
| Dec 31, 2022 | 156.70 Mn |
| Sep 30, 2022 | 12.00 Mn |
| Jun 30, 2022 | 87.10 Mn |
| Mar 31, 2022 | 22.90 Mn |
| Dec 31, 2021 | -2.50 Mn |
| Sep 30, 2021 | 2.00 Mn |