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

Targa Resources (TRGP) has reported Tax Rate for 17 consecutive years, with 22.61% the latest figure, recorded in Q2 2026.

• On a quarterly basis, Tax Rate rose 19.0% year-over-year to 22.61% in Q2 2026; TTM through Jun 2026 was 21.32%, a 36.0% decrease from a year earlier, with the FY2025 full-year figure at 21.3%, up 30.0% from the prior year.
• Tax Rate was 22.61% for Q2 2026 at Targa Resources, up from 20.27% in the prior quarter.
• Over five years, Tax Rate peaked at 38.62% in Q4 2022 and troughed at 4.12% in Q3 2022.
• A 5-year average of 20.11% and a median of 20.18% in 2025 frame the typical range for Tax Rate.
• Across the five-year window, Tax Rate surged 3766 bps in 2022 and plunged 665 bps in 2024, its largest moves.
• Over 5 years, Tax Rate stood at 38.62% in 2022, then declined by 17 bps to 31.99% in 2023, then slipped by 21 bps to 25.34% in 2024, then fell by 21 bps to 20.1% in 2025, then advanced by 13 bps to 22.61% in 2026.
• The last three Tax Rate figures came in at 22.61% (Q2 2026), 20.27% (Q1 2026), and 20.1% (Q4 2025), per Business Quant data.