Targa Resources Income Tax History
TRGP / Energy|10 years of SEC 10-K data (FY2016-FY2025)
$530M in FY2025 with a 3-year CAGR of +59.0%. Top quartile in the Energy sector.
Increased from $363M to $530M over the past 2 years.
Targa Resources's income tax of $530M is higher than 83% of companies in the Energy sector (FY2025). Income Tax has increased for 5 consecutive years, from -$248M in FY2020 to $530M 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
- +59.0%
- 5-Year CAGR
- -
- 10-Year CAGR
- -
Income Tax Trend
Bottom 17% in EnergyTop 83% of 99This company $529.7M Sector average $407.2M
▼
+30.1% above sector average
Key Insights
- Targa Resources's income tax has grown for 5 consecutive years.
- 3-year CAGR of +59.0%, indicating consistent growth.
- In FY2025, income tax increased 37.8% year-over-year.
- Ranks #17 out of 99 companies in the Energy sector.
Annual Data
| Year | Income Tax | YoY Growth |
|---|---|---|
| FY2025 | $529.7M | +37.8% |
| FY2024 | $384.5M | +5.9% |
| FY2023 | $363.2M | +175.6% |
| FY2022 | $131.8M | +790.5% |
| FY2021 | $14.8M | +106.0% |
| FY2020 | -$248.1M | -182.3% |
| FY2019 | -$87.9M | -1698.2% |
| FY2018 | $5.5M | +101.4% |
| FY2017 | -$397.1M | -294.7% |
| FY2016 | -$100.6M | -354.0% |
As of FY2025 · SEC 10-K · Updated Feb 28, 2026