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

Targa Resources' Tax Rate history runs 17 years deep, the most recent figure standing at 20.27% for Q1 2026.

• In Q1 2026, Tax Rate fell 24.0% year-over-year to 20.27%; the TTM figure through Mar 2026 stood at 2.36% (down 1758.0% YoY), while the FY2025 annual figure was 0.53%, down 1931.0% from the prior year.
• Tax Rate came in at 20.27% for Q1 2026 at Targa Resources, up from 54.54% in the prior quarter.
• Over five years, Tax Rate peaked at 22.42% in Q2 2025 and troughed at 54.54% in Q4 2025.
• The 5-year median for Tax Rate is 17.79% (2024), against an average of 6.34%.
• The widest annual swing landed in 2024, when Tax Rate jumped 7476 bps; it then sank 7559 bps in 2025.
• A 5-year view of Tax Rate shows it stood at 28.42% in 2022, then tumbled by 89 bps to 53.71% in 2023, then surged by 139 bps to 21.05% in 2024, then tumbled by 359 bps to 54.54% in 2025, then jumped by 137 bps to 20.27% in 2026.
• Per Business Quant data, the three most recent Tax Rate figures were 20.27% in Q1 2026, 54.54% in Q4 2025, and 21.63% in Q3 2025.