Targa Resources Operating Cash Flow History
TRGP / Energy|10 years of SEC 10-K data (FY2016-FY2025)
$3.9B in FY2025 with a 5-year CAGR of +17.6%. Top quartile in the Energy sector.
Improved from $3.2B to $3.9B over the past 2 years.
Targa Resources's operating cash flow of $3.9B is higher than 81% of companies in the Energy sector (FY2025). Operating Cash Flow has increased for 9 consecutive years, from $837M in FY2016 to $3.9B 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
- +18.1%
- 5-Year CAGR
- +17.6%
- 10-Year CAGR
- -
Operating Cash Flow Trend
Top 19% in EnergyTop 19% of 103This company $3.9B Sector average $2.7B
▼
+43.3% above sector average
Key Insights
- Targa Resources's operating cash flow has grown for 9 consecutive years.
- 5-year CAGR of +17.6%, indicating consistent growth.
- In FY2025, operating cash flow increased 7.3% year-over-year.
- Ranks #20 out of 103 companies in the Energy sector.
Annual Data
| Year | Operating Cash Flow | YoY Growth |
|---|---|---|
| FY2025 | $3.9B | +7.3% |
| FY2024 | $3.6B | +13.6% |
| FY2023 | $3.2B | +34.9% |
| FY2022 | $2.4B | +3.4% |
| FY2021 | $2.3B | +32.0% |
| FY2020 | $1.7B | +25.5% |
| FY2019 | $1.4B | +21.5% |
| FY2018 | $1.1B | +21.8% |
| FY2017 | $939.5M | +12.2% |
| FY2016 | $837.4M | -19.1% |
As of FY2025 · SEC 10-K · Updated Feb 28, 2026