Targa Resources, Inc. TRGP
277.84
(5.31)
(1.88%)
as of 25 Sep
- Market cap
- $60.7B
- P/E
- 26.5×
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Targa Resources, Inc. (TRGP) Free cash flow
Targa Resources, Inc.'s free cash flow for fiscal 2025 was $584.1M, down 14.6% from $683.9M in fiscal 2024. Over the twelve months to 30 June 2026 it was $740.9M. Over the past ten years it has ranged from −$2.0B (fiscal 2018) to $1.8B (fiscal 2021); the current reading is higher than 55% of that period. Free cash flow has fallen for 4 consecutive fiscal years. Targa Resources, Inc. ranks 20th of 56 Oil & Gas Midstream companies by free cash flow.
Free cash flow, annual
Annual
| Period | Free cash flow | Change |
|---|---|---|
| FY2025 | $584.1M | (14.59%) |
| FY2024 | $683.9M | (17.22%) |
| FY2023 | $826.2M | (21.05%) |
| FY2022 | $1.0B | (41.79%) |
| FY2021 | $1.8B | 126.74% |
| FY2020 | $792.9M | — |
| FY2019 | −$1.5B | — |
| FY2018 | −$2.0B | — |
| FY2017 | −$358.0M | — |
| FY2016 | $275.3M | 26.57% |
Quarterly
| Period | Free cash flow | Change |
|---|---|---|
| Jun 2026 | $431.2M | — |
| Mar 2026 | −$160.0M | — |
| Dec 2025 | $542.3M | — |
| Sep 2025 | −$72.6M | — |
| 42 more quarters | Free account |
Against its own ten years
Low −$2.0B
High $1.8B
Ten-year median
$584.1M
Current reading's percentile
55
Free cash flow against peers
| Company | Free cash flow |
|---|---|
| ET Energy Transfer LP compare | $5.2B |
| MPLX MPLX LP compare | $4.3B |
| EPD Enterprise Products Partners L.P. compare | $4.1B |
| TRP TC Energy Corporation compare | $2.9B |
| OKE ONEOK, Inc. compare | $2.9B |
| LNG Cheniere Energy, Inc. compare | $2.7B |
| KMI Kinder Morgan, Inc. compare | $2.7B |
| TRGP Targa Resources, Inc. | $740.9M |
| WMB Williams Companies, Inc. (The) compare | −$214.0M |
What Free cash flow is
Free Cash Flow tells an investor how much cash a company’s operations generate after paying for its investment in physical and intangible assets.
Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)
More on TRGP
- Revenue
- Net income
- EBITDA
- 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
- 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
- The full statement