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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.

Revenue
+4.23%
EPS
+22.9%
Free cash flow
+1,002.1%
Total debt
+16.2%

Quarter to June 2026, against a year earlier

314.99 2.62 +0.84%
Market cap
$67.0B
P/E
30.1×
Fwd P/E
27.8×
Dividend yield
1.51%
F-score
6/9
Altman Z
2.27
Beneish M
−3.05
Dividend safety
64/100
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Filings

Targa Resources, Inc. (TRGP) EV/FCF

Alert me on EV/FCF

As of 30 October 2026, Targa Resources, Inc. (TRGP) trades at a EV/FCF of 118×. Over the past ten years it has ranged from −18,709× (January 2015) to 300× (May 2026); the current reading is higher than 88% of that period.

EV/FCF, daily

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Annual newest first

Period EV/FCF Change
FY2025 97.8× 25.46%
FY2024 78.0× 99.92%
FY2023 39.0× 49.09%
FY2022 26.2× 155.87%
FY2021 10.2× (40.56%)
FY2020 17.2× —
FY2019 −11.4× —
FY2018 −7.4× —
FY2017 −42.1× —
FY2016 50.0× 50.03%

Quarterly newest first

Period EV/FCF Change
Jun 2026 104× (62.66%)
Mar 2026 278× 184.51%
Dec 2025 97.8× 17.84%
Sep 2025 83.0× (34.81%)
42 more quarters

Against its own ten years

Low −18,709× High 300×
Ten-year median 27.2×
Current reading's percentile 86

EV/FCF against peers

Company EV/FCF
WMB Williams Companies, Inc. (The) compare −566×
MPLX MPLX LP compare 19.9×
ET Energy Transfer LP compare 26.7×
EPD Enterprise Products Partners L.P. compare 28.0×
OKE ONEOK, Inc. compare 31.9×
LNG Cheniere Energy, Inc. compare 33.8×
TRP TC Energy Corporation compare 38.0×
KMI Kinder Morgan, Inc. compare 40.5×
TRGP Targa Resources, Inc. 118×

What EV/FCF is

EV/Free CF shows how the value of a whole company, debt included, compares with the free cash its business produces.

((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)) ÷ (Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM))

The full definition of EV/FCF →

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