Friday 6 November 2026 Export TRGP’s income statement to Excel — free account

Targa Resources, Inc.

Targa Resources, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $17.0 billion, up 3.95% from fiscal 2024.

Revenue: +34.9%
EPS: +38.0%
Free cash flow: +265.7%
Total debt: +13.8%

Quarter to September 2026, against a year earlier

273.15 11.85 −4.16%

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Market cap: $58.3B
P/E: 24.1×
Fwd P/E: 27.8×
Dividend yield: 1.74%
F-score: 6/9
Altman Z: 2.27
Beneish M: −3.05
Dividend safety: 64/100

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Targa Resources, Inc. (TRGP) Price to free cash flow

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As of 5 November 2026, Targa Resources, Inc. (TRGP) trades at a price to free cash flow of 62.7×. Over the past ten years it has ranged from 0.0× (September 2020) to 227× (May 2026); the current reading is higher than 79% of that period. That is above the Oil & Gas Midstream industry median of 8.5× and above the Energy sector median of 8.9×.

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<iframe src="https://stockrow.com/embed/TRGP/price-to-free-cash-flow" width="100%" height="360" style="border:0" loading="lazy" title="Targa Resources, Inc. price to free cash flow, 10 years"></iframe>
<p style="font-size:12px">Source: <a href="https://stockrow.com/TRGP/metrics/price-to-free-cash-flow">Targa Resources, Inc. (TRGP) price to free cash flow — stockrow.com</a></p>

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%

Period	Price to free cash flow	Change
Sep 2026	62.1×	(20.05%)
Jun 2026	77.7×	(62.23%)
Mar 2026	206×	201.26%
Dec 2025	68.3×	21.70%
43 more quarters	Free account

Against its own ten years

Low 0.0× High 227×

Ten-year median 13.1×

Current reading's percentile 79

Company	Price to free cash flow
WMB Williams Companies, Inc. (The) compare	n/m
ET Energy Transfer LP compare	9.9×
MPLX MPLX LP compare	14.0×
LNG Cheniere Energy, Inc. compare	15.3×
EPD Enterprise Products Partners L.P. compare	17.3×
OKE ONEOK, Inc. compare	21.6×
TRP TC Energy Corporation compare	22.3×
KMI Kinder Morgan, Inc. compare	25.5×
TRGP Targa Resources, Inc.	62.7×
Oil & Gas Midstream industry median	8.5×
Energy sector median	8.9×
Market median	14.1×

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)))

The full definition of Price to free cash flow →

Targa Resources, Inc. (TRGP) Price to free cash flow

Price to free cash flow, daily

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Against its own ten years

Price to free cash flow against peers

What Price to free cash flow is

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Price to free cash flow, daily

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Against its own ten years

Price to free cash flow against peers

What Price to free cash flow is

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