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) Operating cash flow
Targa Resources, Inc.'s operating cash flow for fiscal 2025 was $3.9B, up 7.33% from $3.6B in fiscal 2024. Over the twelve months to 30 June 2026 it was $4.3B. Over the past ten years it has ranged from $837.4M (fiscal 2016) to $3.9B (fiscal 2025) — the current reading is the highest in ten years. Operating cash flow has risen for 9 consecutive fiscal years. Targa Resources, Inc. ranks 10th of 56 Oil & Gas Midstream companies by operating cash flow.
Operating cash flow, annual
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Annual newest first
| Period | Operating cash flow | Change |
|---|---|---|
| FY2025 | $3.9B | 7.33% |
| FY2024 | $3.6B | 13.64% |
| FY2023 | $3.2B | 34.90% |
| FY2022 | $2.4B | 3.38% |
| FY2021 | $2.3B | 32.01% |
| FY2020 | $1.7B | 25.52% |
| FY2019 | $1.4B | 21.49% |
| FY2018 | $1.1B | 21.77% |
| FY2017 | $939.5M | 12.19% |
| FY2016 | $837.4M | (19.07%) |
Quarterly newest first
| Period | Operating cash flow | Change |
|---|---|---|
| Jun 2026 | $1.4B | 94.90% |
| Mar 2026 | $739.5M | (50.88%) |
| Dec 2025 | $1.5B | 151.25% |
| Sep 2025 | $599.2M | (30.19%) |
| 42 more quarters | Free account |
Against its own ten years
Operating cash flow against peers
| Company | Operating cash flow |
|---|---|
| ET Energy Transfer LP compare | $12.1B |
| EPD Enterprise Products Partners L.P. compare | $8.9B |
| KMI Kinder Morgan, Inc. compare | $6.6B |
| TRP TC Energy Corporation compare | $6.2B |
| OKE ONEOK, Inc. compare | $6.2B |
| LNG Cheniere Energy, Inc. compare | $6.1B |
| WMB Williams Companies, Inc. (The) compare | $6.0B |
| MPLX MPLX LP compare | $6.0B |
| TRGP Targa Resources, Inc. | $4.3B |
What Operating cash flow is
Operating Cash Flow shows how much cash a company’s day-to-day business actually brings in, after paying suppliers, staff and taxes.
Reported line item
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- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free 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