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.

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

Quarter to September 2026, against a year earlier

264.29 7.53 −2.77%
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

Targa Resources, Inc. (TRGP) Return on assets

Alert me on Return on assets

Targa Resources, Inc.'s return on assets over the twelve months to 30 September 2026 was 0.00%, down 7.7 percentage points from fiscal 2025 (7.68%). Over the past ten years it has ranged from −9.71% (fiscal 2020) to 7.68% (fiscal 2025) — the current reading is the highest in ten years. That is below the Oil & Gas Midstream industry median of 4.43% and below the Energy sector median of 3.35%.

Return on assets, annual

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Annual newest first

Period Return on assets Change (points)
FY2025 7.68% 1.83
FY2024 5.85% 1.73
FY2023 4.12% (1.04)
FY2022 5.16% 5.26
FY2021 −0.10% 9.61
FY2020 −9.71% (7.84)
FY2019 −1.87% (1.11)
FY2018 −0.76% (0.29)
FY2017 −0.47% 1.66
FY2016 −2.13% (2.72)

Against its own ten years

Low −9.71% High 7.68%
Ten-year median −0.10%
Current reading's percentile 100

Return on assets against peers

Company Return on assets
MPLX MPLX LP compare 9.94%
LNG Cheniere Energy, Inc. compare 6.44%
OKE ONEOK, Inc. compare 5.77%
WMB Williams Companies, Inc. (The) compare 4.94%
KMI Kinder Morgan, Inc. compare 4.88%
ET Energy Transfer LP compare 3.75%
TRP TC Energy Corporation compare 2.89%
TRGP Targa Resources, Inc. 0.00%
EPD Enterprise Products Partners L.P. compare 0.00%
Oil & Gas Midstream industry median 4.43%
Energy sector median 3.35%
Market median 0.00%

What Return on assets is

ROA tells an investor how much profit a company earns for shareholders from the assets it uses to run its business.

Annual: Net Income Allotted to Shareholders ÷ Average Assets; TTM: Net Income Allotted to Shareholders ÷ Average Assets (latest quarter)

The full definition of Return on assets →

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