Targa Resources SG&A Expense History
TRGP / Energy|10 years of SEC 10-K data (FY2016-FY2025)
$406M in FY2025 with a 5-year CAGR of +9.8%. Top quartile in the Energy sector.
Increased from $349M to $406M over the past 2 years.
Targa Resources's sg&a expense of $406M is higher than 80% of companies in the Energy sector (FY2025). SG&A Expense has increased for 5 consecutive years, from $255M in FY2020 to $406M 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
- +9.4%
- 5-Year CAGR
- +9.8%
- 10-Year CAGR
- -
SG&A Expense Trend
Bottom 20% in EnergyTop 80% of 96This company $406.0M Sector average $492.2M
▼
-17.5% below sector average
Key Insights
- Targa Resources's sg&a expense has grown for 5 consecutive years.
- 5-year CAGR of +9.8%, indicating consistent growth.
- In FY2025, sg&a expense increased 5.5% year-over-year.
- Ranks #19 out of 96 companies in the Energy sector.
Annual Data
| Year | SG&A Expense | YoY Growth |
|---|---|---|
| FY2025 | $406.0M | +5.5% |
| FY2024 | $384.9M | +10.4% |
| FY2023 | $348.7M | +12.6% |
| FY2022 | $309.7M | +13.4% |
| FY2021 | $273.2M | +7.3% |
| FY2020 | $254.6M | -9.3% |
| FY2019 | $280.7M | +9.3% |
| FY2018 | $256.9M | +26.3% |
| FY2017 | $203.4M | +8.7% |
| FY2016 | $187.2M | +15.8% |
As of FY2025 · SEC 10-K · Updated Feb 28, 2026