Company / Free Cash Flow
Targa Resources Free Cash Flow History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Free Cash Flow
$584.1M
FY2025
5-year range
$584.1M / $1.8B
FY2021-FY2025
Trend
-14.6%
vs FY2024
Sector context
#23 of 69
Energy
What the data says
At $584M, Targa Resources's free cash flow ranks #23 of 69 in the Energy sector. Free Cash Flow has fluctuated over the past 10 years, ranging from -$2.0B in FY2020 to $1.8B in FY2023.
Based on SEC 10-K filings.
$584M in FY2025 with a 3-year CAGR of -17.7%.
Declined from $1.8B to $584M over the past 2 years.
Energy sector context is included.
Free Cash Flow over time
Growth rates
- 3-Year CAGR
- -17.7%
- 5-Year CAGR
- -
- 10-Year CAGR
- -
Sector benchmark
#23 of 69 in EnergyTop 33% of 69This company $584.1M Sector average $1.3B
▼
-55.1% below sector average
Key checks
Key Insights
- 3-year CAGR of -17.7%, indicating a declining trend.
- In FY2025, free cash flow decreased 14.6% year-over-year.
- Ranks #23 out of 69 companies in the Energy sector.
- Peak free cash flow was recorded in FY2023.
Company context
Key Data Points
- Altman Z-Score 1.19 (distress zone, below 1.8 threshold)
- High earnings quality (cash-backed earnings)
- Strong return on equity: 63.9%
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Free Cash FlowValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $584.1M | -14.6% |
| FY2024 | $683.9M | -62.0% |
| FY2023 | $1.8B | +71.8% |
| FY2022 | $1.0B | -41.8% |
| FY2021 | $1.8B | +191.2% |
| FY2020 | -$2.0B | -32.4% |
| FY2019 | -$1.5B | -640.5% |
| FY2018 | $275.3M | +176.9% |
| FY2017 | -$358.0M | -230.0% |
| FY2016 | $275.3M | +26.6% |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026