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
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Targa Resources, Inc. (TRGP) Return on equity
Targa Resources, Inc.'s return on equity over the twelve months to 30 September 2026 was 0.00%, down 48.4 percentage points from fiscal 2025 (48.4%). Over the past ten years it has ranged from −23.5% (fiscal 2020) to 48.4% (fiscal 2025) — the current reading is the highest in ten years. That is below the Oil & Gas Midstream industry median of 11.7% and below the Energy sector median of 7.54%.
Return on equity, annual
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Annual newest first
| Period | Return on equity | Change (points) |
|---|---|---|
| FY2025 | 48.4% | 20.23 |
| FY2024 | 28.1% | 10.85 |
| FY2023 | 17.3% | (0.38) |
| FY2022 | 17.7% | 17.94 |
| FY2021 | −0.29% | 23.20 |
| FY2020 | −23.5% | (19.29) |
| FY2019 | −4.20% | (2.52) |
| FY2018 | −1.68% | (0.66) |
| FY2017 | −1.02% | 3.62 |
| FY2016 | −4.64% | (5.97) |
Against its own ten years
Return on equity against peers
| Company | Return on equity |
|---|---|
| MPLX MPLX LP compare | 30.2% |
| LNG Cheniere Energy, Inc. compare | 26.0% |
| WMB Williams Companies, Inc. (The) compare | 17.2% |
| OKE ONEOK, Inc. compare | 14.9% |
| ET Energy Transfer LP compare | 11.7% |
| KMI Kinder Morgan, Inc. compare | 11.1% |
| TRP TC Energy Corporation compare | 9.94% |
| TRGP Targa Resources, Inc. | 0.00% |
| EPD Enterprise Products Partners L.P. compare | 0.00% |
| Oil & Gas Midstream industry median | 11.7% |
| Energy sector median | 7.54% |
| Market median | 0.51% |
What Return on equity is
ROE shows how much profit a company earns for its shareholders on the equity they have in the business.
Annual: Net Income Allotted to Shareholders ÷ Average Common Equity; TTM: Net Income Allotted to Shareholders ÷ Average Common Equity (latest quarter)
More on TRGP
- Revenue
- Net income
- EPS (diluted)
- 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
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement