Targa Resources (TRGP) Tax Provisions (2010 - 2026)
Targa Resources (TRGP) posted quarterly Tax Provisions of $123.9 million for Q1 2026, up 71.61% year-over-year from $72.2 million in Q1 2025, and up 130.72% quarter-over-quarter from -$403.3 million in Q4 2025.
Targa Resources (TRGP) Tax Provisions (2010 - 2026) Analysis & Trends
Targa Resources (TRGP) has reported Tax Provisions for 17 consecutive years, with $123.9 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Tax Provisions rose 71.61% year-over-year to $123.9 million; the TTM figure through Mar 2026 stood at $39.0 million (down 90.16% YoY), while the FY2025 annual figure was -$12.7 million, down 103.12% from the prior year.
- Tax Provisions improved to $123.9 million in Q1 2026 per TRGP's latest filing, from -$403.3 million in the prior quarter.
- Across five years, Tax Provisions topped out at $184.1 million in Q2 2025 and bottomed at -$403.3 million in Q4 2025.
- Historically, Tax Provisions has averaged $39.0 million across 5 years, with a median of $87.1 million in 2022.
- Annual changes were most pronounced in 2022 — Tax Provisions soared 1219.7% — and 2023, when it plunged 2621.43%.
- Targa Resources' Tax Provisions stood at $9.8 million in 2022, then slumped by 2621.43% to -$247.1 million in 2023, then surged by 153.78% to $132.9 million in 2024, then slumped by 403.46% to -$403.3 million in 2025, then soared by 130.72% to $123.9 million in 2026.
- Business Quant data shows TRGP's Tax Provisions at $123.9 million in Q1 2026, -$403.3 million in Q4 2025, and $134.3 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 112.69 Bn | 112.57 Bn | 3.07 Bn | 272.00 Mn |
| 2 | Enbridge | 111.03 Bn | 109.54 Bn | 5.23 Bn | 319.53 Mn |
| 3 | Enterprise Products Partners | 83.34 Bn | 82.44 Bn | - | 12.00 Mn |
| 4 | Energy Transfer | 72.41 Bn | 71.38 Bn | 7.40 Bn | 194.00 Mn |
| 5 | Tc Energy | 65.97 Bn | 58.41 Bn | 1.24 Bn | 61.45 Mn |
| 6 | Oneok | 60.11 Bn | 59.94 Bn | 2.81 Bn | 299.00 Mn |
| 7 | Mplx | 60.04 Bn | 59.01 Bn | 2.73 Bn | 2.00 Mn |
| 8 | Targa Resources | 59.42 Bn | 59.29 Bn | 2.14 Bn | 227.20 Mn |
| 9 | Cheniere Energy | 56.10 Bn | 54.85 Bn | 5.29 Bn | 366.00 Mn |
| 10 | Venture Global | 34.30 Bn | 31.08 Bn | 2.92 Bn | 336.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 227.20 Mn |
| Mar 31, 2026 | 123.90 Mn |
| Dec 31, 2025 | -403.30 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 | -247.10 Mn |
| Sep 30, 2023 | 53.90 Mn |
| Jun 30, 2023 | 96.40 Mn |
| Mar 31, 2023 | 110.30 Mn |
| Dec 31, 2022 | 9.80 Mn |
| Sep 30, 2022 | 12.00 Mn |
| Jun 30, 2022 | 87.10 Mn |
| Mar 31, 2022 | 22.90 Mn |
| Dec 31, 2021 | -23.70 Mn |
| Sep 30, 2021 | 2.00 Mn |