Targa Resources annual return on equity
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Targa Resources Return on Equity (ROE) Growth & History (TRGP)
Targa Resources's return on equity was 67.95% for fiscal 2025.
View full Targa Resources company overviewTarga Resources annual return on equity history
| Fiscal year | Period ended | Return on equity | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 67.95% | +18.74 pp |
| 2024 | 2024-12-31 | 49.21% | −0.59 pp |
| 2023 | 2023-12-31 | 49.80% | −1.32 pp |
| 2022 | 2022-12-31 | 51.12% | +48.06 pp |
| 2021 | 2021-12-31 | 3.05% | +44.08 pp |
| 2020 | 2020-12-31 | −41.03% | −37.23 pp |
| 2019 | 2019-12-31 | −3.80% | −3.83 pp |
| 2018 | 2018-12-31 | 0.03% | −0.92 pp |
| 2017 | 2017-12-31 | 0.95% | +6.53 pp |
| 2016 | 2016-12-31 | −5.58% | −12.73 pp |
| 2015 | 2015-12-31 | 7.15% | −57.07 pp |
| 2014 | 2014-12-31 | 64.22% | +19.77 pp |
| 2013 | 2013-12-31 | 44.45% | +19.24 pp |
| 2012 | 2012-12-31 | 25.22% | +4.91 pp |
| 2011 | 2011-12-31 | 20.30% | +23.64 pp |
| 2010 | 2010-12-31 | −3.34% | — |
Targa Resources quarterly return on equity
Q2.11
Q3.11
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Q2.23
Q3.23
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Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Return on equity | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 22.51% | −2.45 pp |
| Q1 2026 | 2026-03-31 | 15.46% | +4.73 pp |
| Q4 2025 | 2025-12-31 | 18.88% | +5.29 pp |
| Q3 2025 | 2025-09-30 | 18.07% | +2.70 pp |
| Q2 2025 | 2025-06-30 | 24.97% | +13.42 pp |
| Q1 2025 | 2025-03-31 | 10.73% | +0.61 pp |
| Q4 2024 | 2024-12-31 | 13.58% | +2.16 pp |
| Q3 2024 | 2024-09-30 | 15.37% | +6.88 pp |
| Q2 2024 | 2024-06-30 | 11.54% | −1.06 pp |
| Q1 2024 | 2024-03-31 | 10.11% | −8.94 pp |
| Q4 2023 | 2023-12-31 | 11.42% | −1.17 pp |
| Q3 2023 | 2023-09-30 | 8.49% | −0.18 pp |
| Q2 2023 | 2023-06-30 | 12.60% | −19.06 pp |
| Q1 2023 | 2023-03-31 | 19.06% | +14.31 pp |
| Q4 2022 | 2022-12-31 | 12.59% | +27.54 pp |
| Q3 2022 | 2022-09-30 | 8.67% | +0.33 pp |
| Q2 2022 | 2022-06-30 | 31.67% | +29.16 pp |
| Q1 2022 | 2022-03-31 | 4.75% | −1.17 pp |
| Q4 2021 | 2021-12-31 | −14.94% | −16.17 pp |
| Q3 2021 | 2021-09-30 | 8.34% | +5.93 pp |
| Q2 2021 | 2021-06-30 | 2.51% | −0.22 pp |
| Q1 2021 | 2021-03-31 | 5.91% | +49.65 pp |
| Q4 2020 | 2020-12-31 | 1.22% | +1.52 pp |
| Q3 2020 | 2020-09-30 | 2.41% | +3.28 pp |
| Q2 2020 | 2020-06-30 | 2.73% | +2.91 pp |
| Q1 2020 | 2020-03-31 | −43.73% | −43.08 pp |
| Q4 2019 | 2019-12-31 | −0.29% | +1.16 pp |
| Q3 2019 | 2019-09-30 | −0.87% | −0.49 pp |
| Q2 2019 | 2019-06-30 | −0.18% | −1.95 pp |
| Q1 2019 | 2019-03-31 | −0.66% | −1.03 pp |
| Q4 2018 | 2018-12-31 | −1.45% | −6.38 pp |
| Q3 2018 | 2018-09-30 | −0.39% | +2.31 pp |
| Q2 2018 | 2018-06-30 | 1.77% | +0.82 pp |
| Q1 2018 | 2018-03-31 | 0.37% | +2.56 pp |
| Q4 2017 | 2017-12-31 | 4.92% | +7.59 pp |
| Q3 2017 | 2017-09-30 | −2.69% | −2.49 pp |
| Q2 2017 | 2017-06-30 | 0.95% | +1.39 pp |
| Q1 2017 | 2017-03-31 | −2.18% | −2.10 pp |
| Q4 2016 | 2016-12-31 | −2.66% | +13.09 pp |
| Q3 2016 | 2016-09-30 | −0.20% | −1.05 pp |
| Q2 2016 | 2016-06-30 | −0.44% | −1.44 pp |
| Q1 2016 | 2016-03-31 | −0.08% | −0.46 pp |
| Q4 2015 | 2015-12-31 | −15.76% | −31.31 pp |
| Q3 2015 | 2015-09-30 | 0.85% | −18.88 pp |
| Q2 2015 | 2015-06-30 | 1.00% | −16.82 pp |
| Q1 2015 | 2015-03-31 | 0.38% | −12.99 pp |
| Q4 2014 | 2014-12-31 | 15.55% | +1.94 pp |
| Q3 2014 | 2014-09-30 | 19.72% | +7.70 pp |
| Q2 2014 | 2014-06-30 | 17.83% | +6.47 pp |
| Q1 2014 | 2014-03-31 | 13.37% | — |
| Q4 2013 | 2013-12-31 | 13.61% | +5.47 pp |
| Q3 2013 | 2013-09-30 | 12.03% | +5.63 pp |
| Q2 2013 | 2013-06-30 | 11.36% | +5.24 pp |
| Q4 2012 | 2012-12-31 | 8.14% | +2.89 pp |
| Q3 2012 | 2012-09-30 | 6.40% | +3.48 pp |
| Q2 2012 | 2012-06-30 | 6.12% | −0.58 pp |
| Q1 2012 | 2012-03-31 | 6.43% | — |
| Q4 2011 | 2011-12-31 | 5.25% | — |
| Q3 2011 | 2011-09-30 | 2.92% | — |
| Q2 2011 | 2011-06-30 | 6.69% | — |
Targa Resources return on equity trends
Over the last five fiscal years, Targa Resources's return on equity increased from −41.03% to 67.95%, a change of +108.98 percentage points. The latest reported quarter, Q2 2026, shows 22.51%.
About the metric
What return on equity (ROE) means
Return on equity (ROE) measures how much net income a company generates relative to shareholders’ equity. It can help evaluate how efficiently equity capital is used, but unusually high or negative values may reflect leverage, losses, or a small equity base.
Calculation and source
How return on equity is calculated
TickerStat calculates ROE as SEC-reported net income divided by average stockholders’ equity at the beginning and end of the fiscal period. Periods with missing or non-positive average equity are omitted. Quarterly ROE uses quarterly net income and is not annualized. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Targa Resources source filings ↗