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Saturday 17 October 2026 Export TRGP’s income statement to Excel — free account

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.

294.21 11.66 +4.13%
Market cap
$60.6B
P/E
28.0×
Fwd P/E
24.7×
Dividend yield
1.53%
F-score
6/9
Altman Z
2.27
Beneish M
−3.05
Dividend safety
64/100
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

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

Alert me on Price to free cash flow

As of 16 October 2026, Targa Resources, Inc. (TRGP) trades at a price to free cash flow of 85.2×. Over the past ten years it has ranged from 0.0× (September 2020) to 227× (May 2026); the current reading is higher than 91% of that period. That is above the Oil & Gas Midstream industry median of 9.7× and above the Energy sector median of 11.2×.

Price to free cash flow, daily

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Annual newest first

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 newest first

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 12.9×
Current reading's percentile 91

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 13.4×
MPLX MPLX LP compare 13.7×
EPD Enterprise Products Partners L.P. compare 19.3×
OKE ONEOK, Inc. compare 20.3×
TRP TC Energy Corporation compare 22.0×
LNG Cheniere Energy, Inc. compare 22.3×
KMI Kinder Morgan, Inc. compare 28.7×
TRGP Targa Resources, Inc. 85.2×
Oil & Gas Midstream industry median 9.7×
Energy sector median 11.2×
Market median 14.2×

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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