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.

• On a quarterly basis, Tax Rate fell 24.0% year-over-year to 20.27% in Q1 2026; TTM through Mar 2026 was 1.42%, a 1972.0% decrease from a year earlier, with the FY2025 full-year figure at 0.51%, down 2151.0% from the prior year.
• Tax Rate for Q1 2026 stood at 20.27%, up from 58.26% in the prior quarter.
• Over the last five years, Tax Rate for TRGP reached as high as 25.34% in Q4 2024 and fell as low as 58.26% in Q4 2025.
• Historically, Tax Rate has averaged 8.18% across 5 years, with a median of 17.79% in 2024.
• Across the five-year window, Tax Rate surged 7905 bps in 2024 and sank 8361 bps in 2025, its largest moves.
• Year by year, Tax Rate stood at 2.42% in 2022, then plunged by 2323 bps to 53.71% in 2023, then soared by 147 bps to 25.34% in 2024, then sank by 330 bps to 58.26% in 2025, then jumped by 135 bps to 20.27% in 2026.
• Per Business Quant data, the three most recent Tax Rate figures were 20.27% in Q1 2026, 58.26% in Q4 2025, and 21.63% in Q3 2025.