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Consolidated Net IncomeCost of RevenueDepreciation & Amortization - TotalEBITEBITDAEBTEPS (Basic)EPS (Weighted Average and Diluted)Equity IncomeGross ProfitIncome from Continuing OperationsIncome from Non-Controlling InterestsIncome towards Parent CompanyInterest & Investment IncomeNet Income towards Common StockholdersNon Operating IncomeOperating ExpensesOperating IncomeOther Non Operating IncomeOther Operating ExpensesProfit After TaxRevenueSelling, General & AdministrativeShares OutstandingShares Outstanding (Weighted Average)Tax ProvisionsTax RateTax Rate
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Targa Resources (TRGP) Tax Rate (2016 - 2026)

Targa Resources has reported Tax Rate over the past 13 years, most recently at 54.54% for Q4 2025.

  • Quarterly Tax Rate fell 7559.0% to 54.54% in Q4 2025 from the year-ago period, while the trailing twelve-month figure was 0.53% through Dec 2025, down 1931.0% year-over-year, with the annual reading at 0.53% for FY2025, 1931.0% down from the prior year.
  • Tax Rate was 54.54% for Q4 2025 at Targa Resources, down from 21.63% 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 14.07% (2022), against an average of 6.87%.
  • Year-over-year, Tax Rate tumbled -13893bps in 2021 and then soared 7476bps in 2024.
  • A 5-year view of Tax Rate shows it stood at 8.07% in 2021, then tumbled by -70bps to 2.42% in 2022, then crashed by -2323bps to 53.71% in 2023, then skyrocketed by 139bps to 21.05% in 2024, then tumbled by -359bps 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).