Targa Resources price to free cash flow TRGP

Market value divided by free cash flow over the last twelve months, since 2012.

Today, Oct 23, 2026: 87.5×
10-year median: 31.0×
Against its 10-year history: 86th; percentile: 0 is its lowest day, 100 its highest
10-year range: 5.4× to 232×
Peer median: 19.4×

Targa Resources' price to free cash flow is 87.5× as of Oct 23, 2026.

That is above its ten-year median of 31.0×, higher than on 86% of days in the last ten years.

Over that time it ranged from 5.4× in Aug 2021 to 232× in Jul 2026.

The median for 10 oil and gas pipeline stocks of a similar size is 19.4×.

Price to free cash flow over time

median 31×

The dashed line is the 10-year median and the shaded band the middle half of its days.

Open the interactive chart, with overlays and comparisons

Year by year

Year	End of year	Low	High
2026 so far	87.5×	59.1×	232×
2025	61.1×	51.4×	147×
2024	121×	26.2×	141×
2023	31.9×	12.3×	33.1×
2022	12.3×	6.4×	12.6×
2021	6.0×	5.4×	22.0×
2020	18.9×	12.1×	20.2×
2019	n/m a value too high to mean anything
2018	n/m a value too high to mean anything
2017	145×	21.2×	166×
2016	35.8×	7.5×	43.3×
2015	12.4×	11.8×	97.4×
2014	n/m a value too high to mean anything
2013	120×	106×	120×
2012	98.7×	25.4×	98.7×

Against its peers

Companies in Oil & Gas Midstream nearest Targa Resources' size, closest first, today.

Company	Price to free cash flow
TRGPTarga Resources	87.5×
LNGCheniere Energy	22.1×
ETEnergy Transfer	13.2×
OKEONEOK	20.8×
MPLXMPLX Lp	18.0×
KMIKinder Morgan	24.3×
EPDEnterprise Products Partners	23.1×
WMBWilliams Companies	n/m
VGVenture Global	n/m
CQPCheniere Energy Partners	11.5×
WESWestern Midstream Partners	15.3×
Peer median	19.4×

What the price to free cash flow tells you

Market value divided by free cash flow: the cash left after running the business and paying for equipment. Cash is harder to manage than accounting earnings, so many investors trust this more than PE.

Lumpy: a big year of building factories drops cash flow and inflates the ratio without the business getting worse.

More on Targa Resources

Valuation data, not investment advice. Prices as of Oct 23, 2026. Reported figures come from the company's filings with the SEC.