Targa Resources Free Cash Flow History
TRGP / Energy|10 years of SEC 10-K data (FY2016-FY2025)
$584M in FY2025 with a 5-year CAGR of -5.9%.
Declined from $826M to $584M over the past 2 years.
At $584M, Targa Resources's free cash flow ranks #23 of 69 in the Energy sector. Free Cash Flow has declined for 4 consecutive years, from $1.8B in FY2021 to $584M in FY2025.
Based on SEC 10-K filings.
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.
- 3-Year CAGR
- -17.7%
- 5-Year CAGR
- -5.9%
- 10-Year CAGR
- -
Free Cash Flow Trend
#23 of 69 in EnergyTop 33% of 69This company $584.1M Sector average $1.3B
▼
-55.1% below sector average
Key Insights
- Targa Resources's free cash flow has declined for 4 consecutive years.
- 5-year CAGR of -5.9%, 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.
Annual Data
| Year | Free Cash Flow | YoY Growth |
|---|---|---|
| FY2025 | $584.1M | -14.6% |
| FY2024 | $683.9M | -17.2% |
| FY2023 | $826.2M | -21.1% |
| FY2022 | $1.0B | -41.8% |
| FY2021 | $1.8B | +126.7% |
| FY2020 | $792.9M | +153.3% |
| FY2019 | -$1.5B | +24.5% |
| FY2018 | -$2.0B | -450.5% |
| FY2017 | -$358.0M | -230.0% |
| FY2016 | $275.3M | +26.6% |
As of FY2025 · SEC 10-K · Updated Feb 28, 2026