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

272.50 0.68 +0.25%
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 equity

Alert me on 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

Low −23.5% High 48.4%
Ten-year median −0.29%
Current reading's percentile 100

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)

The full definition of Return on equity →

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