Company / Operating Cash Flow
Targa Resources Operating Cash Flow History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Operating Cash Flow
$3.9B
FY2025
5-year range
$2.3B / $3.9B
FY2021-FY2025
Trend
+7.3%
vs FY2024
Sector context
#20 of 104
Energy
What the data says
Targa Resources's operating cash flow of $3.9B is higher than 81% of companies in the Energy sector (FY2025). Operating Cash Flow has fluctuated over the past 10 years, ranging from $837M in FY2018 to $3.9B in FY2025.
Based on SEC 10-K filings.
$3.9B in FY2025 with a 5-year CAGR of +27.9%. Top quartile in the Energy sector.
Improved from $2.3B to $3.9B over the past 2 years.
Energy sector context is included.
Operating Cash Flow over time
Growth rates
- 3-Year CAGR
- +18.1%
- 5-Year CAGR
- +27.9%
- 10-Year CAGR
- -
Sector benchmark
Top 19% in EnergyTop 19% of 104This company $3.9B Sector average $2.7B
▼
+44.5% above sector average
Key checks
Key Insights
- 5-year CAGR of +27.9%, indicating consistent growth.
- In FY2025, operating cash flow increased 7.3% year-over-year.
- Ranks #20 out of 104 companies in the Energy sector.
- Lowest operating cash flow in the period was in FY2018.
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 | Operating Cash FlowValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $3.9B | +7.3% |
| FY2024 | $3.6B | +58.5% |
| FY2023 | $2.3B | -3.3% |
| FY2022 | $2.4B | +3.4% |
| FY2021 | $2.3B | +101.3% |
| FY2020 | $1.1B | -17.7% |
| FY2019 | $1.4B | +66.0% |
| FY2018 | $837.4M | -10.9% |
| FY2017 | $939.5M | +12.2% |
| FY2016 | $837.4M | -19.1% |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026