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 132.82% sequentially from -$377.5 million in Q4 2025.

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

Targa Resources' Tax Provisions history runs 17 years deep, the most recent figure standing at $123.9 million for 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 $64.8 million (down 82.67% YoY), while the FY2025 annual figure was $13.1 million, down 96.59% from the prior year.
  • Tax Provisions came in at $123.9 million for Q1 2026 at Targa Resources, up from -$377.5 million in the prior quarter.
  • Over five years, Tax Provisions peaked at $184.1 million in Q2 2025 and troughed at -$377.5 million in Q4 2025.
  • The 5-year median for Tax Provisions is $87.1 million (2022), against an average of $31.9 million.
  • Peak annual rise in Tax Provisions reached 1219.7% in 2022, while the deepest fall reached 1225.29% in 2022.
  • A 5-year view of Tax Provisions shows it stood at -$115.3 million in 2022, then plunged by 114.31% to -$247.1 million in 2023, then soared by 144.68% to $110.4 million in 2024, then slumped by 441.94% to -$377.5 million in 2025, then jumped by 132.82% to $123.9 million in 2026.
  • Per Business Quant data, the three most recent Tax Provisions figures were $123.9 million in Q1 2026, -$377.5 million in Q4 2025, and $134.3 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Taxes (Qtr)
1 Enbridge 1,308.38 Bn 1,309.08 Bn 6.70 Bn 428.04 Mn
2 Kinder Morgan 112.34 Bn 113.42 Bn 3.08 Bn 287.00 Mn
3 Enterprise Products Partners 79.55 Bn 78.40 Bn - 22.00 Mn
4 Energy Transfer 65.78 Bn 65.07 Bn 6.62 Bn 135.00 Mn
5 Targa Resources 57.60 Bn 57.63 Bn 1.70 Bn 123.90 Mn
6 Mplx 57.17 Bn 55.67 Bn 2.54 Bn 1.00 Mn
7 Oneok 54.83 Bn 54.70 Bn 2.57 Bn 245.00 Mn
8 Cheniere Energy Partners 29.50 Bn 29.22 Bn 838.00 Mn -
9 Venture Global 27.41 Bn 27.36 Bn 4.33 Bn 111.00 Mn
10 Plains All American Pipeline 15.72 Bn 15.54 Bn 977.00 Mn 216.00 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 123.90 Mn
Dec 31, 2025 -377.50 Mn
Sep 30, 2025 134.30 Mn
Jun 30, 2025 184.10 Mn
Mar 31, 2025 72.20 Mn
Dec 31, 2024 110.40 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 -115.30 Mn
Sep 30, 2022 12.00 Mn
Jun 30, 2022 87.10 Mn
Mar 31, 2022 22.90 Mn
Dec 31, 2021 -8.70 Mn
Sep 30, 2021 2.00 Mn
Jun 30, 2021 6.60 Mn