Company / SG&A Expense
Targa Resources SG&A Expense History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest SG&A Expense
$406.0M
FY2025
5-year range
$273.2M / $406.0M
FY2021-FY2025
Trend
+5.5%
vs FY2024
Sector context
#19 of 97
Energy
What the data says
Targa Resources's sg&a expense of $406M is higher than 80% of companies in the Energy sector (FY2025). SG&A Expense has fluctuated over the past 10 years, ranging from $187M in FY2018 to $406M in FY2025.
Based on SEC 10-K filings.
$406M in FY2025 with a 5-year CAGR of +9.6%. Top quartile in the Energy sector.
Increased from $273M to $406M over the past 2 years.
Energy sector context is included.
SG&A Expense over time
Growth rates
- 3-Year CAGR
- +9.4%
- 5-Year CAGR
- +9.6%
- 10-Year CAGR
- -
Sector benchmark
Bottom 20% in EnergyTop 80% of 97This company $406.0M Sector average $487.6M
▼
-16.7% below sector average
Key checks
Key Insights
- 5-year CAGR of +9.6%, indicating consistent growth.
- In FY2025, sg&a expense increased 5.5% year-over-year.
- Ranks #19 out of 97 companies in the Energy sector.
- Lowest sg&a expense 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 | SG&A ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $406.0M | +5.5% |
| FY2024 | $384.9M | +40.9% |
| FY2023 | $273.2M | -11.8% |
| FY2022 | $309.7M | +13.4% |
| FY2021 | $273.2M | +6.3% |
| FY2020 | $256.9M | -8.5% |
| FY2019 | $280.7M | +49.9% |
| FY2018 | $187.2M | -8.0% |
| FY2017 | $203.4M | +8.7% |
| FY2016 | $187.2M | +15.8% |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026