Free Cash Flow for Targa Resources (TRGP)
Free Cash Flow for Targa Resources (TRGP): headline value $584.10M · YoY -14.6%. Annual and quarterly series, chart, and tables are below.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
TRGP
Currently viewingFree Cash FlowSwitch metric
Latest period
$584.10M
YoY change
-14.6%
5Y CAGR
-5.9%
Peak year (2021)
$1.80B
Latest annual
$584.10M
Free Cash Flow history chart for Targa Resources (TRGP) from 2008 to 2025
Free Cash Flow history table for Targa Resources (TRGP) from 2008 to 2025
| Fiscal year | Period ended | Reported | Free Cash Flow | YoY |
|---|---|---|---|---|
| 2025 | $584.10M | -14.6% | ||
| 2024 | $683.90M | -17.2% | ||
| 2023 | $826.20M | -21.1% | ||
| 2022 | $1.05B | -41.8% | ||
| 2021 | $1.80B | +126.7% | ||
| 2020 | $792.90M | -153.3% | ||
| 2019 | -$1.49B | -24.5% | ||
| 2018 | -$1.97B | +450.5% | ||
| 2017 | -$358.00M | -230.0% | ||
| 2016 | $275.30M | +26.6% | ||
| 2015 | $217.50M | -54475.0% | ||
| 2014 | -$400,000 | -99.9% | ||
| 2013 | -$630.90M | +308.3% | ||
| 2012 | -$154.50M | -425.9% | ||
| 2011 | $47.40M | -31.5% | ||
| 2010 | $69.20M | -70.7% | ||
| 2009 | $236.40M | -8.5% | ||
| 2008 | $258.40M | — |
Free Cash Flow values are taken from Targa Resources's reported cash flow 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 free cash flow for Targa Resources (TRGP) came in at $584.10M – declined 14.6% year-over-year.
Through 2020–2025 (5 years), Targa Resources free cash flow delivered a -5.9% annualised rate; with a net decline across the window.
Targa Resources free cash flow plunged from $1.80B in 2021 to $584.10M in 2025, a 67.5% drawdown.
$1.80B stands as the all-time-high annual free cash flow, posted in 2021, against a low of -$1.97B during 2018.
Targa Resources (TRGP) sits 9th of 8 Energy peers we track on this metric, against a peer median of $4.91B.
Targa Resources Free Cash Flow by Year
Targa Resources Free Cash Flow 2025: $584.10M
Targa Resources free cash flow in 2025 was $584.10M, declined 14.6% below 2024.
Targa Resources Free Cash Flow 2024: $683.90M
Targa Resources free cash flow in 2024 was $683.90M, declined 17.2% below 2023.
Targa Resources Free Cash Flow 2023: $826.20M
Targa Resources free cash flow in 2023 was $826.20M, declined 21.1% below 2022.
Targa Resources Free Cash Flow 2022: $1.05B
Targa Resources free cash flow in 2022 was $1.05B, plunged 41.8% below 2021.
Targa Resources Free Cash Flow 2021: $1.80B
Targa Resources free cash flow in 2021 was $1.80B.
See more financial history for Targa Resources (TRGP).
Sector peers — Free Cash Flow
Companies in the same sector as Targa Resources, ranked by their latest free cash flow.
| Company | Free Cash Flow | Sector |
|---|---|---|
| Exxon Mobil Corporation (XOM) | $23.61B | Energy |
| ConocoPhillips (COP) | $16.77B | Energy |
| Chevron Corporation (CVX) | $16.59B | Energy |
| Valero Energy Corporation (VLO) | $5.03B | Energy |
| SLB N.V. (SLB) | $4.79B | Energy |
| EOG Resources, Inc. (EOG) | $3.93B | Energy |
| Enbridge Inc. (ENB) | $3.30B | Energy |
| The Williams Companies, Inc. (WMB) | $1.00B | Energy |
Frequently asked questions
What is Targa Resources's free cash flow?
Latest reported free cash flow for Targa Resources (TRGP) is $584.10M (period ending December 31, 2025).
How has Targa Resources free cash flow changed year-over-year?
Targa Resources (TRGP) free cash flow changed -14.6% year-over-year on the latest annual filing.
What is the long-term growth rate of Targa Resources free cash flow?
Targa Resources (TRGP) free cash flow compound annual growth rate is -5.9% over the most recent 5 years available.
When did Targa Resources free cash flow hit its highest annual value?
Targa Resources free cash flow reached its highest annual value of $1.80B in 2021.
What was Targa Resources free cash flow in 2024?
Targa Resources (TRGP) free cash flow in 2024 was $683.90M.
What was Targa Resources free cash flow in 2025?
Targa Resources (TRGP) free cash flow in 2025 was $584.10M.
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