Free cash flow
Targa Resources Free cash flow decreased by 129.5% to -$160.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 198.6%, from $162.20M to -$160.00M. Over 4 years (FY 2021 to FY 2025), Free cash flow shows a downward trend with a -24.5% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
An increase suggests strong operational efficiency and the ability to self-fund future innovation or return capital to shareholders, while a decrease may indicate heavy capital expenditure cycles or declining operational profitability.
Detailed definition
Free cash flow represents the cash generated by a company after accounting for cash outflows to support operations and m...
Peer comparison
High-growth semiconductor and AI infrastructure peers typically prioritize reinvestment, so free cash flow margins are often compared against R&D intensity and capital expenditure requirements of industry rivals.
free_cash_flowHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $521.10M | $372.50M | $320.60M | $543.80M | $420.40M | $63.70M | $18.60M | $694.10M | $78.80M | -$184.40M | $237.70M | $206.60M | $164.20M | -$287.90M | $601.00M | $162.20M | -$47.80M | -$72.60M | $542.30M | -$160.00M |
| QoQ Change | — | -28.5% | -13.9% | +69.6% | -22.7% | -84.8% | -70.8% | >999% | -88.6% | -334.0% | +228.9% | -13.1% | -20.5% | -275.3% | +308.8% | -73.0% | -129.5% | -51.9% | +847.0% | -129.5% |
| YoY Change | — | — | — | — | -19.3% | -82.9% | -94.2% | +27.6% | -81.3% | -389.5% | >999% | -70.2% | +108.4% | -56.1% | +152.8% | -21.5% | -129.1% | +74.8% | -9.8% | -198.6% |
Free cash flow at Other Companies
Frequently Asked Questions
- What is Targa Resources's free cash flow?
- Targa Resources (TRGP) reported free cash flow of -$160.00M in Q1 2026.
- How has Targa Resources's free cash flow changed year-over-year?
- Targa Resources's free cash flow decreased by 198.6% year-over-year, from $162.20M to -$160.00M.
- What is the long-term trend for Targa Resources's free cash flow?
- Over 4 years (2021 to 2025), Targa Resources's free cash flow has grown at a -24.5% compound annual growth rate (CAGR), from $1.80B to $584.10M.
- What does free cash flow mean?
- The cash a company has left over after paying for its operating expenses and capital investments.