Targa Resources, Inc. TRGP

277.84 (5.31) (1.88%) as of 25 Sep
Market cap
$60.7B
P/E
26.5×
Indexes indicate stock being part of an index,
Growth Flags show if company had growth for consecutive years

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

Against its own ten years

Low 0.0× High 227×
Ten-year median 12.6×
Current reading's percentile 87

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)))

The full definition of Price to free cash flow →

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