Buyback yield (TTM)
1.06%
Shareholder yield (TTM)
2.67%
5Y share count change
-7.4%
Buyback spend (TTM)
$571.90M
Cumulative buybacks
$3.30B
Key takeaways
- Targa Resources (TRGP) repurchased about $571.90M of stock over the trailing twelve months.
- Diluted share count is down 7.4% over the last ~5 fiscal years — buybacks are net-shrinking the share base.
- TTM buyback ÷ stock-based-comp ratio of 7.62× — repurchases more than cover SBC dilution.
- Cash buyback spend has compounded at +19.1% per year over the latest 5-year window.
Dividend & buyback yield over time for Targa Resources (TRGP)
Stacked annual yields — buyback yield (TTM cash repurchases ÷ market cap) plus dividend yield from the same fiscal-year-end key-metrics period — show how total cash return per dollar of equity has evolved.
Diluted vs basic shares (annual) for Targa Resources (TRGP)
Diluted weighted-average shares are the EPS denominator — a falling count means buybacks are outpacing SBC dilution.
Year-over-year change in diluted shares for Targa Resources (TRGP)
Green is fewer shares vs the prior fiscal year (net repurchase); red is growth (dilution). The earliest year shown has no prior year to compare.
Cash buyback spend over time for Targa Resources (TRGP)
Latest: $641.80M
Overview
Targa Resources (TRGP) most recent annual buyback spend stands at $641.80M (2025) – declined 15.0% year-over-year.
Targa Resources buyback spend has grown on net over the period, with a +19.1% compound annual growth rate over 2020–2025 (5 years).
Between 2022 and 2025, Targa Resources buyback spend plunged 46.1%, falling from $1.19B to $641.80M.
The highest annual buyback spend of $1.19B was reported in 2022. The lowest in the available history was $0.00 in 2009.
Targa Resources Buyback Spend 2025: $641.80M
2025's buyback spend for Targa Resources came in at $641.80M, declined 15.0% below 2024.
Targa Resources Buyback Spend 2024: $754.70M
Targa Resources posted buyback spend of $754.70M in 2024, surged 102.0% from 2023.
Targa Resources Buyback Spend 2023: $373.70M
In 2023, Targa Resources reported buyback spend of $373.70M, plunged 68.6% below 2022.
Targa Resources Buyback Spend 2022: $1.19B
Targa Resources buyback spend in 2022 was $1.19B, surged 2136.8% from 2021. This figure represents the highest annual value in the available history.
Targa Resources Buyback Spend 2021: $53.20M
Targa Resources buyback spend in 2021 was $53.20M.
See more financial history for Targa Resources (TRGP).
Buyback, SBC & dilution history
Buyback spend, SBC, net dilution effect, and share count.
| 2025 | $641.80M | $0.00 | $641.80M | 1.62% | 0.21B | -2.8% | |
| 2024 | $754.70M | $63.20M | $691.50M | 1.92% | 0.22B | -2.1% | |
| 2023 | $373.70M | $62.40M | $311.30M | 1.93% | 0.23B | -2.2% | |
| 2022 | $1.19B | $57.50M | $1.13B | 7.14% | 0.23B | +1.1% | |
| 2021 | $53.20M | $59.20M | −$6.00M | 0.45% | 0.23B | -1.6% | |
| 2020 | $268.20M | $66.20M | $202.00M | 4.45% | 0.23B | -0.1% | |
| 2019 | $13.90M | $60.30M | −$46.40M | 0.15% | 0.23B | +3.7% | |
| 2018 | $4.00M | $56.30M | −$52.30M | 0.05% | 0.22B | +8.4% | |
| 2017 | $0.00 | $42.30M | −$42.30M | — | 0.21B | +12.0% | |
| 2016 | $0.00 | $29.70M | −$29.70M | — | 0.18B | +244.6% | |
| 2015 | $0.00 | $25.00M | −$25.00M | — | 0.05B | +27.3% | |
| 2014 | $0.00 | $14.30M | −$14.30M | — | 0.04B | 0.0% | |
| 2013 | $0.00 | $13.20M | −$13.20M | — | 0.04B | +0.7% | |
| 2012 | $0.00 | $17.50M | −$17.50M | — | 0.04B | +1.0% | |
| 2011 | $0.00 | $15.20M | −$15.20M | — | 0.04B | -0.9% | |
| 2010 | $100.00K | $13.40M | −$13.30M | 0.01% | 0.04B | -1.2% | |
| 2009 | $0.00 | $0.00 | $0.00 | — | 0.04B | 0.0% | |
| 2008 | $500.00K | $1.50M | −$1.00M | — | 0.04B | — |
- 2025$641.80M
- 2024$754.70M
- 2023$373.70M
- 2022$1.19B
- 2021$53.20M
- 2020$268.20M
- 2019$13.90M
- 2018$4.00M
- 2017$0.00
- 2016$0.00
- 2015$0.00
- 2014$0.00
- 2013$0.00
- 2012$0.00
- 2011$0.00
- 2010$100.00K
- 2009$0.00
- 2008$500.00K
Buybacks vs stock-based compensation for Targa Resources (TRGP)
Annual cash repurchases set against stock-based compensation. Coverage above 1× means buybacks fully offset the equity dilution from SBC. TTM coverage: 7.62×.
Buybacks vs dividends (share of cash returned) for Targa Resources (TRGP)
How Targa Resources splits cash returned to shareholders between dividends and buybacks.
Sector peers by buyback spend
Companies in the same sector as Targa Resources, ranked by their latest buyback spend.
| $20.27B | |
| $11.86B | |
| $5.02B | |
| $3.49B | |
| $2.60B | |
| $2.41B | |
| $0.00 | |
| $0.00 |
- $20.27B
- $11.86B
- $5.02B
- $3.49B
- $2.60B
- $2.41B
- $0.00
Buyback capacity (TTM)
Free cash flow minus dividends paid versus actual TTM repurchases — the headroom bar shows how much of post-dividend FCF is still being deployed elsewhere.
Headroom $0.00 (TTM FCF − TTM dividends, clamped at zero).
Frequently asked questions
Data & methodology
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