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Targa Resources (TRGP) Tax Rate (2016 - 2025)

Targa Resources (TRGP) has disclosed Tax Rate for 13 consecutive years, with 54.54% as the latest value for Q4 2025.

  • On a quarterly basis, Tax Rate fell 560.0% to 54.54% in Q4 2025 year-over-year; TTM through Dec 2025 was 0.53%, a 38.0% decrease, with the full-year FY2025 number at 0.53%, down 38.0% from a year prior.
  • Tax Rate was 54.54% for Q4 2025 at Targa Resources, down from 21.63% in the prior quarter.
  • In the past five years, Tax Rate ranged from a high of 22.42% in Q2 2025 to a low of 54.54% in Q4 2025.
  • A 5-year average of 5.63% and a median of 14.09% in 2022 define the central range for Tax Rate.
  • Peak YoY movement for Tax Rate: skyrocketed 5400bps in 2021, then plummeted -7121bps in 2024.
  • Targa Resources' Tax Rate stood at 8.07% in 2021, then plummeted by -452bps to 28.43% in 2022, then surged by 178bps to 22.28% in 2023, then tumbled by -320bps to 48.93% in 2024, then fell by -11bps to 54.54% in 2025.
  • Per Business Quant, the three most recent readings for TRGP's Tax Rate are 54.54% (Q4 2025), 21.63% (Q3 2025), and 22.42% (Q2 2025).