Targa Resources, Inc.
TRGP Energy Oil & Gas Midstream
Targa Resources, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $17.0 billion, up 3.95% from fiscal 2024. In the quarter to June 2026, revenue grew 4.23%, EPS grew 22.9%, free cash flow grew 1,002.1% and total debt rose 16.2%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for five consecutive years, operating cash flow growth for five.
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Targa Resources, Inc. (TRGP) EBITDA
Targa Resources, Inc.'s EBITDA for fiscal 2025 was $4.9B, up 17.7% from $4.1B in fiscal 2024. Over the twelve months to 30 June 2026 it was $5.5B. Over the past ten years it has ranged from −$427.5M (fiscal 2020) to $4.9B (fiscal 2025) — the current reading is the highest in ten years. EBITDA has risen for 5 consecutive fiscal years. Targa Resources, Inc. ranks 10th of 56 Oil & Gas Midstream companies by EBITDA.
EBITDA, annual
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Annual newest first
| Period | EBITDA | Change |
|---|---|---|
| FY2025 | $4.9B | 17.68% |
| FY2024 | $4.1B | 4.14% |
| FY2023 | $4.0B | 39.98% |
| FY2022 | $2.8B | 62.43% |
| FY2021 | $1.7B | — |
| FY2020 | −$427.5M | — |
| FY2019 | $1.2B | (7.80%) |
| FY2018 | $1.3B | 82.39% |
| FY2017 | $698.6M | (32.53%) |
| FY2016 | $1.0B | (6.65%) |
Quarterly newest first
| Period | EBITDA | Change |
|---|---|---|
| Jun 2026 | $1.7B | 32.47% |
| Mar 2026 | $1.3B | (2.64%) |
| Dec 2025 | $1.3B | 7.11% |
| Sep 2025 | $1.2B | (13.18%) |
| 42 more quarters | Free account |
Against its own ten years
EBITDA against peers
| Company | EBITDA |
|---|---|
| ET Energy Transfer LP compare | $16.9B |
| EPD Enterprise Products Partners L.P. compare | $10.6B |
| TRP TC Energy Corporation compare | $8.2B |
| LNG Cheniere Energy, Inc. compare | $7.9B |
| KMI Kinder Morgan, Inc. compare | $7.7B |
| OKE ONEOK, Inc. compare | $7.6B |
| MPLX MPLX LP compare | $7.3B |
| WMB Williams Companies, Inc. (The) compare | $7.1B |
| TRGP Targa Resources, Inc. | $5.5B |
What EBITDA is
EBITDA shows what a company earns from its operations before interest, taxes and the non-cash charges for depreciation and amortization.
Reported line item
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- Revenue
- Net income
- EPS (diluted)
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement