Targa Resources Corp. (TRGP) Return on Invested Capital (ROIC): 12.07%
Is Targa Resources Corp.’s return on invested capital (ROIC) high or low?
Targa Resources Corp.'s return on invested capital (ROIC) of 12.07% is in line with its 5-year average of 11.25%, near the high end of its 5-year range (7.37%–13.45%).
As of Tuesday, June 23, 2026. 1.00% above its 12-month average of 11.95%.
TRGP Return on Invested Capital (ROIC) Chart
TRGP Average Return on Invested Capital (ROIC) Chart
TRGP Current vs Average Return on Invested Capital (ROIC) Chart
TRGP Return on Invested Capital (ROIC) Metrics
RETURN ON INVESTED CAPITAL (ROIC)
12.07%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
11.95%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
11.67%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
11.25%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
6.62%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
6.79%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
N/A
CURRENT VS TTM AVG
+1.00%
CURRENT VS 3Y AVG
+3.41%
CURRENT VS 5Y AVG
+7.27%
CURRENT VS 10Y AVG
+82.40%
CURRENT VS 15Y AVG
+77.83%
CURRENT VS 20Y AVG
N/A
TRGP Competitors' Return on Invested Capital (ROIC)
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Targa Resources Corp. (TRGP) | $56.78B | 12.07% | 11.95% | 11.67% | 11.25% |
| ONEOK, Inc. (OKE)vs › | $54.37B | 8.62% | 7.46% | 8.21% | 8.27% |
| Occidental Petroleum Corporation (OXY)vs › | $51.72B | 3.15% | 4.32% | 8.73% | 6.32% |
| Suncor Energy Inc. (SU)vs › | $66.39B | 14.20% | 14.64% | 16.89% | 14.14% |
| Cameco Corporation (CCJ)vs › | $46.86B | 4.77% | 4.28% | 2.75% | 1.34% |
| Phillips 66 (PSX)vs › | $67.52B | 4.75% | 3.97% | 7.78% | 5.11% |
| EOG Resources, Inc. (EOG)vs › | $70.52B | 58.12% | 36.44% | 28.12% | 20.84% |
| SLB N.V. (SLB)vs › | $71.69B | 10.34% | 12.04% | 11.73% | 9.77% |
| Kinder Morgan, Inc. (KMI)vs › | $71.75B | 5.33% | 5.22% | 5.08% | 4.66% |
| Marathon Petroleum Corporation (MPC)vs › | $72.19B | 7.03% | 7.14% | 12.45% | 6.94% |
Capital Efficiency
ROIC
12.1%
ROE
67.8%
Targa Resources Corp. Return on Invested Capital (ROIC) Formula & Definition
ROIC = NOPAT / Invested Capital
Return on invested capital measures the after-tax return a company earns on all capital (debt and equity) invested in the business.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Targa Resources Corp. Return on Invested Capital (ROIC) FAQ
- What is the return on invested capital (ROIC) for Targa Resources Corp. (TRGP)?
- The return on invested capital (ROIC) for TRGP stock is 12.07%.
- Is Targa Resources Corp.'s return on invested capital (ROIC) high or low?
- Targa Resources Corp.'s return on invested capital (ROIC) of 12.07% is in line with its 5-year average of 11.25%, near the high end of its 5-year range (7.37%–13.45%).
- What is the TTM average return on invested capital (ROIC) for Targa Resources Corp. (TRGP)?
- The TTM average return on invested capital (ROIC) for TRGP stock is 11.95%.
- What is the 3Y average return on invested capital (ROIC) for Targa Resources Corp. (TRGP)?
- The 3Y average return on invested capital (ROIC) for TRGP stock is 11.67%.
- What is the 5Y average return on invested capital (ROIC) for Targa Resources Corp. (TRGP)?
- The 5Y average return on invested capital (ROIC) for TRGP stock is 11.25%.
- What is the 10Y average return on invested capital (ROIC) for Targa Resources Corp. (TRGP)?
- The 10Y average return on invested capital (ROIC) for TRGP stock is 6.62%.
- What is the 15Y average return on invested capital (ROIC) for Targa Resources Corp. (TRGP)?
- The 15Y average return on invested capital (ROIC) for TRGP stock is 6.79%.
Targa Resources Corp. Return on Invested Capital (ROIC) History
| DATE | RETURN ON INVESTED CAPITAL (ROIC) |
|---|---|
| 2025-12-31 | 12.07% |
| 2024-12-31 | 11.83% |
| 2023-12-31 | 9.59% |
| 2022-12-31 | 13.20% |
| 2021-12-31 | 13.45% |
| 2020-12-31 | 7.37% |
| 2019-12-31 | -0.98% |
| 2018-12-31 | 3.13% |
| 2017-12-31 | -0.87% |
| 2016-12-31 | 1.14% |
| 2015-12-31 | 2.86% |
| 2014-12-31 | 9.57% |
| 2013-12-31 | 5.44% |
| 2012-12-31 | 5.68% |
| 2011-12-31 | 10.12% |
| 2010-12-31 | 5.00% |
| 2009-12-31 | 6.15% |
| 2008-12-31 | 6.80% |
Related Metrics
About Targa Resources Corp.
Targa Resources Corp., alongside its subsidiary Targa Resources Partners LP, is a significant entity in the North American midstream energy sector, focusing on the ownership, operation, acquisition, and development of crucial energy infrastructure assets. Its business is structured into two main divisions: "Gathering and Processing" and "Logistics and Transportation." Within these segments, the company undertakes a broad range of activities, including the collection, compression, treatment, processing, transport, and sale of natural gas. It also manages the storage, fractionation, treatment, transportation, and distribution of natural gas liquids (NGLs) and their associated products, providing services even to liquefied petroleum gas (LPG) exporters. Furthermore, Targa handles the gathering, storage, terminaling, purchasing, and selling of crude oil. Beyond these core operations, the company is involved in the procurement and resale of NGL products, wholesale propane distribution, and providing related logistics support to a diverse clientele, including multi-state retailers, independent businesses, and end-users. It also offers NGL balancing services and transportation solutions for refineries and petrochemical companies situated in the Gulf Coast region, while actively purchasing, marketing, and reselling natural gas. The company's extensive asset base features approximately 28,400 miles of natural gas pipelines, including 42 owned and managed processing plants, and it operates 34 storage wells with a substantial gross capacity of about 76 million barrels. As of December 31, 2021, its transportation fleet comprised approximately 648 leased and managed railcars, 119 transport tractors, and two company-owned pressurized NGL barges. Targa Resources Corp. was established in 2005 and is headquartered in Houston, Texas.
- Sector
- Energy
- Industry
- Oil & Gas Midstream
- CEO
- Matthew J. Meloy