Company / Income Tax
Targa Resources Income Tax History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Income Tax
$529.7M
FY2025
5-year range
$14.8M / $529.7M
FY2021-FY2025
Trend
+37.8%
vs FY2024
Sector context
#17 of 99
Energy
What the data says
Targa Resources's income tax of $530M is higher than 83% of companies in the Energy sector (FY2025). Income Tax has fluctuated over the past 10 years, ranging from -$397M in FY2017 to $530M in FY2025.
Based on SEC 10-K filings.
$530M in FY2025 with a 5-year CAGR of +149.3%. Top quartile in the Energy sector.
Increased from $15M to $530M over the past 2 years.
Energy sector context is included.
Income Tax over time
Growth rates
- 3-Year CAGR
- +59.0%
- 5-Year CAGR
- +149.3%
- 10-Year CAGR
- -
Sector benchmark
Bottom 17% in EnergyTop 83% of 99This company $529.7M Sector average $407.2M
▼
+30.1% above sector average
Key checks
Key Insights
- 5-year CAGR of +149.3%, indicating consistent growth.
- In FY2025, income tax increased 37.8% year-over-year.
- Ranks #17 out of 99 companies in the Energy sector.
- Lowest income tax in the period was in FY2017.
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 | Income TaxValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $529.7M | +37.8% |
| FY2024 | $384.5M | +2498.0% |
| FY2023 | $14.8M | -88.8% |
| FY2022 | $131.8M | +790.5% |
| FY2021 | $14.8M | +169.1% |
| FY2020 | $5.5M | +106.3% |
| FY2019 | -$87.9M | +12.6% |
| FY2018 | -$100.6M | +74.7% |
| FY2017 | -$397.1M | -294.7% |
| FY2016 | -$100.6M | -354.0% |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026