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Saturday 17 October 2026 Export TRGP’s income statement to Excel — free account

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.

294.21 11.66 +4.13%
Market cap
$60.6B
P/E
28.0×
Fwd P/E
24.7×
Dividend yield
1.53%
F-score
6/9
Altman Z
2.27
Beneish M
−3.05
Dividend safety
64/100
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Targa Resources, Inc. (TRGP) EV/EBITDA

Alert me on EV/EBITDA

As of 16 October 2026, Targa Resources, Inc. (TRGP) trades at a EV/EBITDA of 15.0×. Over the past ten years it has ranged from 0.0× (March 2021) to 22.3× (December 2017); the current reading is higher than 90% of that period. That is above the Oil & Gas Midstream industry median of 8.3× and above the Energy sector median of 6.9×.

EV/EBITDA, daily

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Annual newest first

Period EV/EBITDA Change
FY2025 11.7× (8.94%)
FY2024 12.9× 58.91%
FY2023 8.1× (15.91%)
FY2022 9.7× (8.30%)
FY2021 10.5× —
FY2020 0.0× —
FY2019 14.5× 27.01%
FY2018 11.4× (47.24%)
FY2017 21.6× 62.35%
FY2016 13.3× 103.42%

Quarterly newest first

Period EV/EBITDA Change
Jun 2026 14.0× 0.23%
Mar 2026 13.9× 18.71%
Dec 2025 11.7× 2.02%
Sep 2025 11.5× (4.90%)
42 more quarters

Against its own ten years

Low 0.0× High 22.3×
Ten-year median 11.7×
Current reading's percentile 90

EV/EBITDA against peers

Company EV/EBITDA
ET Energy Transfer LP compare 8.1×
LNG Cheniere Energy, Inc. compare 10.5×
EPD Enterprise Products Partners L.P. compare 10.6×
MPLX MPLX LP compare 11.4×
OKE ONEOK, Inc. compare 11.8×
TRP TC Energy Corporation compare 13.2×
KMI Kinder Morgan, Inc. compare 14.1×
TRGP Targa Resources, Inc. 15.0×
WMB Williams Companies, Inc. (The) compare 16.6×
Oil & Gas Midstream industry median 8.3×
Energy sector median 6.9×
Market median 11.0×

What EV/EBITDA is

Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)

The full definition of EV/EBITDA →

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