EBITDA for Targa Resources (TRGP)
According to Targa Resources's latest reported financial statements, the company's current EBITDA (TTM) is $4.85B USD. EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It is a common proxy for operating cash generation that strips out non-cash charges (depreciation and amortization) and capital structure effects (interest, taxes). Useful for comparing companies with different leverage and asset bases — see operating income and net income for fully GAAP figures.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
TRGP
Currently viewingEBITDASwitch metric
TTM (last 4 quarters)
$4.85B
YoY change
+17.3%
5Y CAGR
N/A
Peak year (2025)
$4.85B
Cumulative EBITDA
$26.19B
EBITDA history chart for Targa Resources (TRGP) from 2008 to 2025
EBITDA history table for Targa Resources (TRGP) from 2008 to 2025
| Fiscal year | Period ended | Reported | EBITDA | YoY |
|---|---|---|---|---|
| 2025 | $4.85B | +17.3% | ||
| 2024 | $4.14B | +4.4% | ||
| 2023 | $3.97B | +23.5% | ||
| 2022 | $3.21B | +88.9% | ||
| 2021 | $1.70B | -642.8% | ||
| 2020 | -$313.10M | -124.8% | ||
| 2019 | $1.26B | +10.4% | ||
| 2018 | $1.14B | +51.6% | ||
| 2017 | $754.20M | -0.3% | ||
| 2016 | $756.80M | -5.7% | ||
| 2015 | $802.50M | -19.0% | ||
| 2014 | $991.20M | +51.7% | ||
| 2013 | $653.40M | +27.9% | ||
| 2012 | $510.70M | -3.0% | ||
| 2011 | $526.60M | +41.2% | ||
| 2010 | $372.90M | -7.6% | ||
| 2009 | $403.60M | -11.8% | ||
| 2008 | $457.70M | — |
EBITDA values are taken from Targa Resources's reported income statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
2025's annual EBITDA for Targa Resources (TRGP) came in at $4.85B – grew 17.3% year-over-year.
Over 2015–2025 (10 years), Targa Resources EBITDA expanded at a +19.7% compound annual rate, sustaining 5 straight years of year-over-year growth.
Across the available history, EBITDA reached its high of $4.85B in 2025 and its low of -$313.10M in 2020.
Within Energy, Targa Resources (TRGP) ranks 9th among 8 peers we track. The peer median for EBITDA is $15.87B.
Targa Resources EBITDA by Year
Targa Resources EBITDA 2025: $4.85B
Targa Resources EBITDA in 2025 was $4.85B, grew 17.3% from 2024. This figure represents the highest annual value in the available history.
Targa Resources EBITDA 2024: $4.14B
Targa Resources EBITDA in 2024 was $4.14B, edged up 4.4% from 2023.
Targa Resources EBITDA 2023: $3.97B
Targa Resources EBITDA in 2023 was $3.97B, grew 23.5% from 2022.
Targa Resources EBITDA 2022: $3.21B
Targa Resources EBITDA in 2022 was $3.21B, surged 88.9% from 2021.
Targa Resources EBITDA 2021: $1.70B
Targa Resources EBITDA in 2021 was $1.70B.
See more financial history for Targa Resources (TRGP).
Sector peers — EBITDA
Companies in the same sector as Targa Resources, ranked by their latest EBITDA.
| Company | EBITDA | Sector |
|---|---|---|
| Exxon Mobil Corporation (XOM) | $67.86B | Energy |
| Chevron Corporation (CVX) | $41.42B | Energy |
| ConocoPhillips (COP) | $23.18B | Energy |
| Enbridge Inc. (ENB) | $20.45B | Energy |
| EOG Resources, Inc. (EOG) | $11.30B | Energy |
| The Williams Companies, Inc. (WMB) | $7.41B | Energy |
| SLB N.V. (SLB) | $7.15B | Energy |
| Valero Energy Corporation (VLO) | $6.72B | Energy |
Frequently asked questions
What is Targa Resources's EBITDA?
- Latest reported EBITDA for Targa Resources (TRGP) is $4.85B (period ending December 31, 2025).
How has Targa Resources EBITDA changed year-over-year?
- Targa Resources (TRGP) EBITDA changed +17.3% year-over-year on the latest annual filing.
What is the long-term growth rate of Targa Resources EBITDA?
- Targa Resources (TRGP) EBITDA compound annual growth rate is +19.7% over the most recent 10 years available.
When did Targa Resources EBITDA hit its highest annual value?
- Targa Resources EBITDA reached its highest annual value of $4.85B in 2025.
What was Targa Resources EBITDA in 2024?
- Targa Resources (TRGP) EBITDA in 2024 was $4.14B.
What was Targa Resources EBITDA in 2025?
- Targa Resources (TRGP) EBITDA in 2025 was $4.85B.
Metrics overview
Pick a metric for charts, filings, and peers — each row shows the latest TTM or annual value with year-over-year change.
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TRGP Overview
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