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Targa Resources TRGP Return on equity

Return on equity at other companies

Oneok logo
OneokOKE
16.2%+0.1pp
Enterprise Products Partners logo
Enterprise Products PartnersEPD
19.6%-0.4pp
Kinder Morgan logo
Kinder MorganKMI
10.7%+2.2pp
DT Midstream logo
DT MidstreamDTM
9.9%+1.6pp
Williams Companies logo
Williams CompaniesWMB
19%-4.7pp
EOG Resources logo
EOG ResourcesEOG
18.2%-2.7pp

Other financials

Income statement

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Revenue$4.1B-10.2%
Gross profit$1.7B+30.4%
Operating income$846.9M+55.9%
Net income$479.6M+77.3%
EPS (diluted)$2.21+143%

Balance sheet

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Cash & equivalents$100.1M-33.9%
Total debt$346.5M+17.0%
Total equity$3.1B+27.9%
Total assets$27.1B+18.9%

Cash flow

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Operating cash flow$739.5M-22.5%
CapEx$899.5M+13.5%
Free cash flow-$160.0M-199%

Valuation

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Market cap$55.5B+23.5%
Enterprise value$55.75B+23.6%
P/E26×-8.4×
P/S3.4×+0.6×

Profitability

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Gross margin41.8%+7.3pp
Operating margin21.9%+6.1pp
Net margin12.9%+4.9pp

Returns & leverage

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Debt / equity0.1×0.0×
Current ratio0.7×+0.1×

Where this comes from

Calculated from Targa Resources’s reported figures.

Based on trailing twelve months.

The official record: Targa Resources’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Targa Resources's return on equity?
Targa Resources (TRGP) reported return on equity of 76.3% in Q1 2026.
How has Targa Resources's return on equity changed year-over-year?
Targa Resources's return on equity increased by 50.5% year-over-year, from 50.7% to 76.3%.
What is the long-term trend for Targa Resources's return on equity?
Over 4 years (2020 to 2025), Targa Resources's return on equity has grown at a 12.8% compound annual growth rate (CAGR), from -41.9% to 67.9%.
What does return on equity mean?
How much profit the company earns on the money shareholders have invested.
How do you interpret return on equity?
Higher is better, but very high ROE can be manufactured by leverage — a thin equity base inflates the ratio. Read it next to debt-to-equity and ROIC to tell genuine returns from balance-sheet engineering.
How does return on equity compare across companies?
Comparable across peers, with the leverage caveat. Negative or near-zero equity makes ROE meaningless, so it is suppressed there.