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

Targa Resources (TRGP) has 17 years of Tax Rate data on file, last reported at 20.27% in Q1 2026.

• Tax Rate for Q1 2026 came in at 20.27%, down 24.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 2.36% (down 1758.0% YoY), and the FY2025 annual result was 0.53%, down 1931.0% from the prior year.
• Tax Rate advanced to 20.27% in Q1 2026 per TRGP's latest filing, 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.
• A 5-year average of 6.34% and a median of 17.79% in 2024 frame the typical range for Tax Rate.
• The sharpest annual moves came in 2024 and 2025: Tax Rate soared 7476 bps in 2024, then plunged 7559 bps in 2025.
• A 5-year view of Tax Rate shows it stood at 28.42% in 2022, then slumped by 89 bps to 53.71% in 2023, then jumped by 139 bps to 21.05% in 2024, then slumped by 359 bps to 54.54% in 2025, then soared by 137 bps to 20.27% in 2026.
• Business Quant data shows TRGP's Tax Rate at 20.27% in Q1 2026, 54.54% in Q4 2025, and 21.63% in Q3 2025.