Targa Resources (TRGP) Tax Rate (2010 - 2026)
Targa Resources (TRGP) posted quarterly Tax Rate of 20.27% for Q1 2026, down 24.0% year-over-year from 26.67% in Q1 2025, and up 134.79% quarter-over-quarter from 58.26% in Q4 2025.
Targa Resources (TRGP) Tax Rate (2010 - 2026) Analysis & Trends
Targa Resources (TRGP) has reported Tax Rate for 17 consecutive years, with 20.27% the latest figure, recorded in Q1 2026.
- In Q1 2026, Tax Rate fell 24.0% year-over-year to 20.27%; the TTM figure through Mar 2026 stood at 1.42% (down 1972.0% YoY), while the FY2025 annual figure was 0.51%, down 2151.0% from the prior year.
- Tax Rate rose to 20.27% in Q1 2026 per TRGP's latest filing, from 58.26% in the prior quarter.
- Across five years, Tax Rate topped out at 25.34% in Q4 2024 and bottomed at 58.26% in Q4 2025.
- Historically, Tax Rate has averaged 8.18% across 5 years, with a median of 17.79% in 2024.
- Annual changes were most pronounced in 2024 — Tax Rate jumped 7905 bps — and 2025, when it tumbled 8361 bps.
- Targa Resources' Tax Rate stood at 2.42% in 2022, then plunged by 2323 bps to 53.71% in 2023, then jumped by 147 bps to 25.34% in 2024, then sank by 330 bps to 58.26% in 2025, then surged by 135 bps to 20.27% in 2026.
- Business Quant data shows TRGP's Tax Rate at 20.27% in Q1 2026, 58.26% in Q4 2025, and 21.63% in Q3 2025.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 112.69 Bn | 112.57 Bn | 3.07 Bn | 23.33% |
| 2 | Enbridge | 110.91 Bn | 109.42 Bn | 5.23 Bn | 21.97% |
| 3 | Enterprise Products Partners | 83.41 Bn | 82.50 Bn | - | 0.64% |
| 4 | Energy Transfer | 72.45 Bn | 71.42 Bn | 7.40 Bn | 7.12% |
| 5 | Tc Energy | 65.95 Bn | 58.39 Bn | 1.24 Bn | 5.85% |
| 6 | Mplx | 60.44 Bn | 59.41 Bn | 2.73 Bn | 0.18% |
| 7 | Oneok | 59.80 Bn | 59.64 Bn | 2.81 Bn | 23.62% |
| 8 | Targa Resources | 59.00 Bn | 58.86 Bn | 2.14 Bn | 22.61% |
| 9 | Cheniere Energy | 55.77 Bn | 54.52 Bn | 5.29 Bn | 9.13% |
| 10 | Venture Global | 34.04 Bn | 30.82 Bn | 2.92 Bn | 19.17% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 22.61% |
| Jun 30, 2026 | 22.61% |
| Jun 30, 2026 | 22.61% |
| Mar 31, 2026 | 20.27% |
| Mar 31, 2026 | 20.27% |
| Mar 31, 2026 | 20.27% |
| Dec 31, 2025 | -58.26% |
| Dec 31, 2025 | -58.26% |
| Dec 31, 2025 | -58.26% |
| Sep 30, 2025 | 21.63% |
| Sep 30, 2025 | 21.63% |
| Sep 30, 2025 | 21.63% |
| Jun 30, 2025 | 22.42% |
| Jun 30, 2025 | 22.42% |
| Jun 30, 2025 | 22.42% |
| Mar 31, 2025 | 20.51% |
| Mar 31, 2025 | 20.51% |
| Mar 31, 2025 | 20.51% |
| Dec 31, 2024 | 25.34% |
| Dec 31, 2024 | 25.34% |