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.
Follow TRGP
Targa Resources, Inc. (TRGP) Return on invested capital
Targa Resources, Inc.'s return on invested capital over the twelve months to 30 June 2026 was 10.3%, up 0.1 percentage points from fiscal 2025 (10.2%). Over the past ten years it has ranged from −5.94% (fiscal 2020) to 10.2% (fiscal 2025) — the current reading is the highest in ten years. That is above the Oil & Gas Midstream industry median of 6.13% and above the Energy sector median of 5.84%.
Return on invested capital, annual
Embed this chart
Annual newest first
| Period | Return on invested capital | Change (points) |
|---|---|---|
| FY2025 | 10.2% | 1.03 |
| FY2024 | 9.14% | (0.28) |
| FY2023 | 9.42% | 2.79 |
| FY2022 | 6.63% | 2.26 |
| FY2021 | 4.37% | 10.31 |
| FY2020 | −5.94% | (6.68) |
| FY2019 | 0.74% | (0.31) |
| FY2018 | 1.05% | 1.69 |
| FY2017 | −0.64% | (0.97) |
| FY2016 | 0.33% | (0.50) |
Against its own ten years
Return on invested capital against peers
| Company | Return on invested capital |
|---|---|
| LNG Cheniere Energy, Inc. compare | 11.8% |
| TRGP Targa Resources, Inc. | 10.3% |
| MPLX MPLX LP compare | 9.45% |
| EPD Enterprise Products Partners L.P. compare | 7.68% |
| OKE ONEOK, Inc. compare | 7.02% |
| WMB Williams Companies, Inc. (The) compare | 6.40% |
| ET Energy Transfer LP compare | 5.72% |
| TRP TC Energy Corporation compare | 5.39% |
| KMI Kinder Morgan, Inc. compare | 5.02% |
| Oil & Gas Midstream industry median | 6.13% |
| Energy sector median | 5.84% |
| Market median | 0.00% |
What Return on invested capital is
Return on Invested Capital shows how much after-tax operating profit a company earns on the money its lenders and shareholders have put in.
TTM: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) (latest quarter) + Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter) − Cash & Short Term Investments (latest quarter)); Annual: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) + Long Term Debt (Total) + Current Part of Debt − Cash & Short Term Investments)
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 equity
- Return on assets
- 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