Targa Resources (TRGP) Tax Provisions (2010 - 2026)

Targa Resources' (TRGP) quarterly Tax Provisions came in at $123.9 million in Q1 2026, up 71.61% year-on-year from $72.2 million in Q1 2025, and up 130.72% on a QoQ basis from -$403.3 million in Q4 2025.

Targa Resources (TRGP) Tax Provisions (2010 - 2026) Analysis & Trends

Targa Resources (TRGP) has 17 years of Tax Provisions data on file, last reported at $123.9 million in Q1 2026.

  • On a quarterly basis, Tax Provisions rose 71.61% year-over-year to $123.9 million in Q1 2026; TTM through Mar 2026 was $39.0 million, a 90.16% decrease from a year earlier, with the FY2025 full-year figure at -$12.7 million, down 103.12% from the prior year.
  • Tax Provisions for Q1 2026 stood at $123.9 million, up from -$403.3 million in the prior quarter.
  • Over the last five years, Tax Provisions for TRGP reached as high as $184.1 million in Q2 2025 and fell as low as -$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.
  • Across the five-year window, Tax Provisions jumped 1219.7% in 2022 and slumped 2621.43% in 2023, its largest moves.
  • Year by year, Tax Provisions stood at $9.8 million in 2022, then slumped by 2621.43% to -$247.1 million in 2023, then jumped by 153.78% to $132.9 million in 2024, then slumped by 403.46% to -$403.3 million in 2025, then surged by 130.72% to $123.9 million in 2026.
  • Per Business Quant data, the three most recent Tax Provisions figures were $123.9 million in Q1 2026, -$403.3 million in Q4 2025, and $134.3 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Taxes (Qtr)
1 DHT Holdings 2,706.13 Bn 2,706.00 Bn 167.16 Mn -126,000.00
2 Flex LNG 1,674.16 Bn 1,673.77 Bn 61.79 Mn -23,000.00
3 Kinder Morgan 112.74 Bn 113.82 Bn 3.07 Bn 272.00 Mn
4 Enbridge 89.82 Bn 89.03 Bn 6.70 Bn 428.04 Mn
5 Enterprise Products Partners 83.97 Bn 82.82 Bn - 22.00 Mn
6 Tc Energy 72.76 Bn 73.95 Bn 1.36 Bn 102.54 Mn
7 Energy Transfer 70.27 Bn 69.30 Bn 6.62 Bn 135.00 Mn
8 Targa Resources 61.30 Bn 61.34 Bn 1.70 Bn 123.90 Mn
9 Oneok 61.15 Bn 61.02 Bn 8.98 Bn 245.00 Mn
10 Mplx 58.39 Bn 56.89 Bn 1.95 Bn 1.00 Mn

Historic Data

Download Data
DateValue
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
Jun 30, 2021 6.60 Mn