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Targa Resources Corp. Free Cash Flow 2009-2026 | TRGP

Annual FY2009–FY2025 · quarterly through Q1 FY2026

Latest annual · FY2025

$584.1M

−14.6%YoY vs FY2024Source: 10-KFY2025

From $236.4M in FY2009 to $584.1M in FY2025: 2.5× in 16 years.

By quarter▲▼ vs a year before
Fiscal yearQ1Q2Q3Q4
FY26−$160M−198.6%Not reportedNot reportedNot reported
FY25$162M−21.5%−$48M−129.1%−$73M+74.8%$542M−9.8%
FY24$207M−70.2%$164M+108.4%−$288M−56.1%$601M+152.8%
FY23$694M+27.6%$79M−81.3%−$184M−389.5%$238M+1178.0%
FY22$544M−6.8%$420M−19.3%$64M−82.9%$19M−94.2%
Share33%24%16%28%

Shaded by size: darkest is the largest quarter shown; ringed is the latest reported; a dash marks a quarter with no separate figure. Each quarter sits by its period-end date. Share: its typical part of the fiscal year.

Key Statistics

Trend DirectionDeclining
CAGR

−5.9%

FY2020
$792.9M
FY2025
$584.1M

5 years selected · on the chart

Free Cash Flow History

Year-over-year comparison from 10-K annual reports

  1. $584.1M
YoY changeLargest recent move−450.5%in FY18Latest −14.6%

6 older moves run past ±150% (largest +54475.0%); point at, tap or drag across the bars to read one.

Free Cash Flow, period by period

PeriodValueChangeSource
FY2025$584.1M−14.6%10-K
FY2024$683.9M−17.2%10-K
FY2023$826.2M−21.1%10-K
FY2022$1.05B−41.8%10-K
FY2021$1.80B+126.7%10-K
FY2020$792.9M+153.3%10-K
FY2019−$1.49B+24.5%10-K
FY2018−$1.97B−450.5%10-K
FY2017−$358.0M−230.0%10-K
FY2016$275.3M+26.6%10-K
FY2015$217.5M+54475.0%10-K
FY2014−$400,000+99.9%10-K
FY2013−$630.9M−308.3%10-K
FY2012−$154.5M−425.9%10-K
FY2011$47.4M−28.1%10-K
FY2010$65.9M−72.1%10-K
FY2009$236.4M—10-K

What is Targa Resources Corp.'s current free cash flow?

Targa Resources Corp. (TRGP) annual free cash flow for 2025 was $584.1M, a 14.59% decline from 2024. Targa Resources Corp. free cash flow for the quarter ending March 31, 2026 was $-160.0M.

What was Targa Resources Corp.'s free cash flow in 2024?

Targa Resources Corp. annual free cash flow for 2024 was $683.9M, a 17.22% decline from 2023.

What was Targa Resources Corp.'s free cash flow in 2023?

Targa Resources Corp. annual free cash flow for 2023 was $826.2M, a 21.05% decline from 2022.

What is Targa Resources Corp.'s 5-year free cash flow CAGR?

Targa Resources Corp. free cash flow grew at a compound annual growth rate (CAGR) of 5.93% from FY2020 to FY2025, going from $792.9M to $584.1M over 5 years.

Company
Targa Resources Corp.
Ticker
TRGP
Sector
Energy
Industry
Natural Gas Transmission