Targa Resources, Inc. TRGP
- Market cap
- $60.7B
- P/E
- 26.5×
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Targa Resources, Inc. (TRGP) Price to free cash flow
As of 25 September 2026, Targa Resources, Inc. (TRGP) trades at a price to free cash flow of 80.5×. Over the past ten years it has ranged from 0.0× (September 2020) to 227× (May 2026); the current reading is higher than 87% of that period. That is above the Oil & Gas Midstream industry median of 10.1× and above the Energy sector median of 10.8×.
Price to free cash flow, daily
Annual
| Period | Price to free cash flow | Change |
|---|---|---|
| FY2025 | 68.3× | 18.77% |
| FY2024 | 57.5× | 144.64% |
| FY2023 | 23.5× | 53.10% |
| FY2022 | 15.3× | 131.01% |
| FY2021 | 6.6× | (14.02%) |
| FY2020 | 7.7× | — |
| FY2019 | 0.0× | — |
| FY2018 | 0.0× | — |
| FY2017 | 0.0× | — |
| FY2016 | 32.5× | 388.54% |
Quarterly
| Period | Price to free cash flow | Change |
|---|---|---|
| Jun 2026 | 77.7× | (62.23%) |
| Mar 2026 | 206× | 201.26% |
| Dec 2025 | 68.3× | 21.70% |
| Sep 2025 | 56.1× | (36.41%) |
| 42 more quarters | Free account |
Against its own ten years
Price to free cash flow against peers
| Company | Price to free cash flow |
|---|---|
| WMB Williams Companies, Inc. (The) compare | n/m |
| ET Energy Transfer LP compare | 13.3× |
| MPLX MPLX LP compare | 13.4× |
| EPD Enterprise Products Partners L.P. compare | 19.3× |
| OKE ONEOK, Inc. compare | 19.3× |
| LNG Cheniere Energy, Inc. compare | 20.7× |
| TRP TC Energy Corporation compare | 20.9× |
| KMI Kinder Morgan, Inc. compare | 25.8× |
| TRGP Targa Resources, Inc. | 80.5× |
| Oil & Gas Midstream industry median | 10.1× |
| Energy sector median | 10.8× |
| Market median | 14.0× |
What Price to free cash flow is
Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.
Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))
More on TRGP
- Revenue
- Net income
- EBITDA
- 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
- 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