Tax
Income Tax
Targa Resources Income Tax decreased by 10.9% to $123.90M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 71.6%, from $72.20M to $123.90M. Over 3 years (FY 2022 to FY 2025), Income Tax shows an upward trend with a 59.0% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
StatementIncome Statement
SectionTax
CategoryRisk
SignalLower is better
VolatilityModerate
First reportedQ1 2013
Last reportedQ1 2026
How to read this metric
Changes may reflect shifts in corporate tax law, geographic earnings mix, or the expiration of tax incentives.
Detailed definition
The total amount of income tax a company expects to pay to federal, state, and foreign governments based on its earnings...
Peer comparison
Global companies often have complex tax expenses due to earnings in multiple international jurisdictions.
Metric ID:
income_tax_expenseHistorical Data
19 periods
| Q2 '21 | Q3 '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 | $6.60M | $2.00M | $22.90M | $87.10M | $12.00M | $9.80M | $110.30M | $96.40M | $53.90M | $102.60M | $82.70M | $94.30M | $97.00M | $110.50M | $72.20M | $184.10M | $134.30M | $139.10M | $123.90M |
| QoQ Change | — | -69.7% | >999% | +280.3% | -86.2% | -18.3% | >999% | -12.6% | -44.1% | +90.4% | -19.4% | +14.0% | +2.9% | +13.9% | -34.7% | +155.0% | -27.1% | +3.6% | -10.9% |
| YoY Change | — | — | — | >999% | +500.0% | — | +381.7% | +10.7% | +349.2% | +946.9% | -25.0% | -2.2% | +80.0% | +7.7% | -12.7% | +95.2% | +38.5% | +25.9% | +71.6% |
Range$2.00M – $184.10M
CAGR+91.9%
Avg YoY Growth+245.8%
Median YoY Growth+71.6%
Income Tax at Other Companies
Frequently Asked Questions
- What is Targa Resources's income tax?
- Targa Resources (TRGP) reported income tax of $123.90M in Q1 2026.
- How has Targa Resources's income tax changed year-over-year?
- Targa Resources's income tax increased by 71.6% year-over-year, from $72.20M to $123.90M.
- What is the long-term trend for Targa Resources's income tax?
- Over 3 years (2022 to 2025), Targa Resources's income tax has grown at a 59.0% compound annual growth rate (CAGR), from $131.80M to $529.70M.
- What does income tax mean?
- The amount of money a company sets aside to pay its corporate income taxes.