Basis: Four-quarter operating cash flow / FMP quote market capitalization × 100. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the operating cash flow yield high or low?
The operating cash flow yield of 6.90% is 43% below its estimated 5-year average of 12.08%, near the low end of its estimated 5-year range (6.03%–22.62%).
As of 2026-09-22T00:16:31.198Z. 15.86% below its estimated 12-month average of 8.20%.
Calculation as of: 2026-09-22T00:16:31.198Z.
Quote observation: 2026-09-21T20:00:03.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: 4c22e45dadadc27878a3237a20575dce780364b56c4cf1ed7ebd5eb5bcd6486f
Historical values estimate market capitalization from statement-period weighted shares. Comparisons with the current quote-based value are approximate. Only filing versions delivered by FMP are available for the historical calculation. Historical series through 2026-09-11.
Historical values estimate market capitalization from statement-period weighted shares. Comparisons with the current quote-based value are approximate. Only filing versions delivered by FMP are available for the historical calculation.
OPERATING CASH FLOW YIELD
6.90%
OPERATING CASH FLOW YIELD AVG TTM
8.20%
OPERATING CASH FLOW YIELD AVG 3Y
10.03%
OPERATING CASH FLOW YIELD AVG 5Y
12.08%
OPERATING CASH FLOW YIELD AVG 10Y
12.11%
OPERATING CASH FLOW YIELD AVG 15Y
13.69%
OPERATING CASH FLOW YIELD AVG 20Y
N/A
CURRENT VS TTM AVG
-15.86%
CURRENT VS 3Y AVG
-31.19%
CURRENT VS 5Y AVG
-42.90%
CURRENT VS 10Y AVG
-43.00%
CURRENT VS 15Y AVG
-49.60%
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · ENERGY
11.11%
median of 48 covered companies
CURRENT VS SECTOR MEDIAN
-37.87%
vs the sector median at left
Targa Resources Corp.
Market Cap
$62.11B
Operating Cash Flow Yield
6.90%
TTM Avg
8.20%
3Y Avg
10.03%
5Y Avg
12.08%
Market Cap
$62.96B
Operating Cash Flow Yield
9.00%
TTM Avg
8.79%
3Y Avg
10.98%
5Y Avg
11.64%
Market Cap
$59.96B
Operating Cash Flow Yield
9.97%
TTM Avg
10.72%
3Y Avg
11.97%
5Y Avg
13.21%
Market Cap
$57.85B
Operating Cash Flow Yield
10.64%
TTM Avg
11.00%
3Y Avg
10.19%
5Y Avg
10.07%
Market Cap
$57.41B
Operating Cash Flow Yield
7.73%
TTM Avg
6.58%
3Y Avg
7.88%
5Y Avg
7.61%
Market Cap
$56.94B
Operating Cash Flow Yield
19.28%
TTM Avg
21.84%
3Y Avg
22.83%
5Y Avg
23.27%
Market Cap
$70.63B
Operating Cash Flow Yield
9.37%
TTM Avg
8.95%
3Y Avg
11.30%
5Y Avg
12.06%
Market Cap
$53.24B
Operating Cash Flow Yield
19.05%
TTM Avg
17.42%
3Y Avg
17.78%
5Y Avg
19.02%
Market Cap
$52.35B
Operating Cash Flow Yield
16.34%
TTM Avg
25.64%
3Y Avg
26.45%
5Y Avg
22.90%
| NAME | MARKET CAP | OPERATING CASH FLOW YIELD | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Targa Resources Corp. (TRGP) | $62.11B | 6.90% | 8.20% | 10.03% | 12.08% |
| TC Energy Corporation (TRP)vs › | $62.96B | 9.00% | 8.79% | 10.98% | 11.64% |
| MPLX Lp (MPLX)vs › | $59.96B | 9.97% | 10.72% | 11.97% | 13.21% |
| ONEOK, Inc. (OKE)vs › | $57.85B | 10.64% | 11.00% | 10.19% | 10.07% |
| Baker Hughes Company (BKR)vs › | $57.41B | 7.73% | 6.58% | 7.88% | 7.61% |
| Occidental Petroleum Corporation (OXY)vs › | $56.94B | 19.28% | 21.84% | 22.83% | 23.27% |
| Kinder Morgan, Inc. (KMI)vs › | $70.63B | 9.37% | 8.95% | 11.30% | 12.06% |
| Diamondback Energy, Inc. (FANG)vs › | $53.24B | 19.05% | 17.42% | 17.78% | 19.02% |
| Devon Energy Corporation (DVN)vs › | $52.35B | 16.34% | 25.64% | 26.45% | 22.90% |
| Energy Transfer LP (ET)vs › | $71.92B | 16.85% | 16.54% | 18.04% | 22.98% |
OCF Yield = TTM Operating Cash Flow / Market Cap
Operating cash flow yield is the inverse of P/OCF, expressing trailing operating cash flow as a percentage of price. It sits between earnings yield (before non-cash accrual effects) and FCF yield (before capital expenditure).
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | OPERATING CASH FLOW YIELD |
|---|---|
| 2026-09-11 | 6.87% |
| 2026-09-10 | 6.83% |
| 2026-09-09 | 6.84% |
| 2026-09-08 | 6.78% |
| 2026-09-04 | 6.87% |
| 2026-09-03 | 6.79% |
| 2026-09-02 | 6.79% |
| 2026-09-01 | 6.73% |
| 2026-08-31 | 6.79% |
| 2026-08-28 | 6.93% |
| 2026-08-27 | 6.90% |
| 2026-08-26 | 6.78% |
| 2026-08-25 | 6.95% |
| 2026-08-24 | 6.78% |
| 2026-08-21 | 6.66% |
| 2026-08-20 | 6.60% |
| 2026-08-19 | 6.71% |
| 2026-08-18 | 6.69% |
| 2026-08-17 | 7.17% |
| 2026-08-14 | 7.23% |
| 2026-08-13 | 7.47% |
| 2026-08-12 | 7.42% |
| 2026-08-11 | 7.51% |
| 2026-08-10 | 7.49% |
| 2026-08-07 | 7.76% |
| 2026-08-06 | 6.42% |
| 2026-08-05 | 6.62% |
| 2026-08-04 | 6.55% |
| 2026-08-03 | 6.51% |
| 2026-07-31 | 6.37% |
| 2026-07-30 | 6.42% |
| 2026-07-29 | 6.51% |
| 2026-07-28 | 6.58% |
| 2026-07-27 | 6.44% |
| 2026-07-24 | 6.12% |
| 2026-07-23 | 6.03% |
| 2026-07-22 | 6.05% |
| 2026-07-21 | 6.15% |
| 2026-07-20 | 6.10% |
| 2026-07-17 | 6.09% |
| 2026-07-16 | 6.15% |
| 2026-07-15 | 6.19% |
| 2026-07-14 | 6.12% |
| 2026-07-13 | 6.17% |
| 2026-07-10 | 6.30% |
| 2026-07-09 | 6.31% |
| 2026-07-08 | 6.20% |
| 2026-07-07 | 6.29% |
| 2026-07-06 | 6.54% |
| 2026-07-02 | 6.65% |
| 2026-07-01 | 6.68% |
| 2026-06-30 | 6.42% |
| 2026-06-29 | 6.35% |
| 2026-06-26 | 6.32% |
| 2026-06-25 | 6.30% |
| 2026-06-24 | 6.47% |
| 2026-06-23 | 6.41% |
| 2026-06-22 | 6.51% |
| 2026-06-18 | 6.66% |
| 2026-06-17 | 6.61% |
| 2026-06-16 | 6.63% |
| 2026-06-15 | 6.57% |
| 2026-06-12 | 6.32% |
| 2026-06-11 | 6.39% |
| 2026-06-10 | 6.32% |
| 2026-06-09 | 6.52% |
| 2026-06-08 | 6.52% |
| 2026-06-05 | 6.52% |
| 2026-06-04 | 6.44% |
| 2026-06-03 | 6.56% |
| 2026-06-02 | 6.54% |
| 2026-06-01 | 6.65% |
| 2026-05-29 | 6.75% |
| 2026-05-28 | 6.57% |
| 2026-05-27 | 6.53% |
| 2026-05-26 | 6.38% |
| 2026-05-22 | 6.22% |
| 2026-05-21 | 6.37% |
| 2026-05-20 | 6.36% |
| 2026-05-19 | 6.23% |
| 2026-05-18 | 6.27% |
| 2026-05-15 | 6.33% |
| 2026-05-14 | 6.44% |
| 2026-05-13 | 6.54% |
| 2026-05-12 | 6.75% |
| 2026-05-11 | 6.80% |
| 2026-05-08 | 6.94% |
| 2026-05-07 | 7.22% |
| 2026-05-06 | 7.30% |
| 2026-05-05 | 7.02% |
| 2026-05-04 | 7.04% |
| 2026-05-01 | 7.16% |
| 2026-04-30 | 7.01% |
| 2026-04-29 | 7.28% |
| 2026-04-28 | 7.34% |
| 2026-04-27 | 7.55% |
| 2026-04-24 | 7.57% |
| 2026-04-23 | 7.59% |
| 2026-04-22 | 7.70% |
| 2026-04-21 | 7.83% |
| 2026-04-20 | 7.87% |
| 2026-04-17 | 7.73% |
| 2026-04-16 | 7.60% |
| 2026-04-15 | 7.63% |
| 2026-04-14 | 7.62% |
| 2026-04-13 | 7.58% |
| 2026-04-10 | 7.50% |
| 2026-04-09 | 7.45% |
| 2026-04-08 | 7.47% |
| 2026-04-07 | 7.26% |
| 2026-04-06 | 7.42% |
| 2026-04-02 | 7.46% |
| 2026-04-01 | 7.45% |
| 2026-03-31 | 7.27% |
| 2026-03-30 | 7.34% |
| 2026-03-27 | 7.28% |
| 2026-03-26 | 7.27% |
| 2026-03-25 | 7.42% |
| 2026-03-24 | 7.40% |
| 2026-03-23 | 7.59% |
| 2026-03-20 | 7.67% |
| 2026-03-19 | 7.60% |
| 2026-03-18 | 7.79% |
| 2026-03-17 | 7.56% |
| 2026-03-16 | 7.62% |
| 2026-03-13 | 7.59% |
| 2026-03-12 | 7.65% |
| 2026-03-11 | 7.70% |
| 2026-03-10 | 7.84% |
| 2026-03-09 | 7.76% |
| 2026-03-06 | 7.68% |
| 2026-03-05 | 7.62% |
| 2026-03-04 | 7.50% |
| 2026-03-03 | 7.47% |
| 2026-03-02 | 7.60% |
| 2026-02-27 | 7.73% |
| 2026-02-26 | 7.88% |
| 2026-02-25 | 7.92% |
| 2026-02-24 | 7.86% |
| 2026-02-23 | 7.86% |
| 2026-02-20 | 7.87% |
| 2026-02-19 | 7.72% |
| 2026-02-18 | 7.60% |
| 2026-02-17 | 7.72% |
| 2026-02-13 | 7.73% |
| 2026-02-12 | 7.93% |
| 2026-02-11 | 7.80% |
| 2026-02-10 | 7.97% |
| 2026-02-09 | 7.96% |
| 2026-02-06 | 8.19% |
| 2026-02-05 | 8.42% |
| 2026-02-04 | 8.47% |
| 2026-02-03 | 8.50% |
| 2026-02-02 | 8.72% |
| 2026-01-30 | 8.61% |
| 2026-01-29 | 8.59% |
| 2026-01-28 | 8.61% |
| 2026-01-27 | 8.88% |
| 2026-01-26 | 8.99% |
| 2026-01-23 | 9.04% |
| 2026-01-22 | 9.04% |
| 2026-01-21 | 9.11% |
| 2026-01-20 | 9.35% |
| 2026-01-16 | 9.34% |
| 2026-01-15 | 9.51% |
| 2026-01-14 | 9.47% |
| 2026-01-13 | 9.61% |
| 2026-01-12 | 9.89% |
| 2026-01-09 | 9.79% |
| 2026-01-08 | 9.79% |
| 2026-01-07 | 9.92% |
| 2026-01-06 | 9.73% |
| 2026-01-05 | 9.43% |
| 2026-01-02 | 9.27% |
| 2025-12-31 | 9.38% |
| 2025-12-30 | 9.33% |
| 2025-12-29 | 9.42% |
| 2025-12-26 | 9.47% |
| 2025-12-24 | 9.43% |
| 2025-12-23 | 9.37% |
| 2025-12-22 | 9.48% |
| 2025-12-19 | 9.68% |
| 2025-12-18 | 9.69% |
| 2025-12-17 | 9.50% |
| 2025-12-16 | 9.81% |
| 2025-12-15 | 9.50% |
| 2025-12-12 | 9.45% |
| 2025-12-11 | 9.32% |
| 2025-12-10 | 9.43% |
| 2025-12-09 | 9.43% |
| 2025-12-08 | 9.67% |
| 2025-12-05 | 9.58% |
| 2025-12-04 | 9.62% |
| 2025-12-03 | 9.85% |
| 2025-12-02 | 10.08% |
| 2025-12-01 | 9.80% |
| 2025-11-28 | 9.87% |
| 2025-11-26 | 10.00% |
| 2025-11-25 | 10.12% |
| 2025-11-24 | 10.19% |
| 2025-11-21 | 10.15% |
| 2025-11-20 | 10.17% |
| 2025-11-19 | 10.17% |
| 2025-11-18 | 10.21% |
| 2025-11-17 | 10.29% |
| 2025-11-14 | 10.00% |
| 2025-11-13 | 10.20% |
| 2025-11-12 | 10.15% |
| 2025-11-11 | 9.99% |
| 2025-11-10 | 10.21% |
| 2025-11-07 | 10.06% |
| 2025-11-06 | 10.19% |
| 2025-11-05 | 10.42% |
| 2025-11-04 | 10.96% |
| 2025-11-03 | 10.86% |
| 2025-10-31 | 11.00% |
| 2025-10-30 | 11.19% |
| 2025-10-29 | 11.19% |
| 2025-10-28 | 11.11% |
| 2025-10-27 | 11.00% |
| 2025-10-24 | 11.01% |
| 2025-10-23 | 10.80% |
| 2025-10-22 | 10.96% |
| 2025-10-21 | 11.19% |
| 2025-10-20 | 11.22% |
| 2025-10-17 | 11.39% |
| 2025-10-16 | 11.57% |
| 2025-10-15 | 11.21% |
| 2025-10-14 | 11.26% |
| 2025-10-13 | 11.16% |
| 2025-10-10 | 11.11% |
| 2025-10-09 | 10.50% |
| 2025-10-08 | 10.05% |
| 2025-10-07 | 10.18% |
| 2025-10-06 | 10.42% |
| 2025-10-03 | 10.44% |
| 2025-10-02 | 10.42% |
| 2025-10-01 | 10.08% |
| 2025-09-30 | 10.11% |
| 2025-09-29 | 10.02% |
| 2025-09-26 | 9.73% |
| 2025-09-25 | 9.86% |
| 2025-09-24 | 9.84% |
| 2025-09-23 | 9.96% |
| 2025-09-22 | 10.26% |
| 2025-09-19 | 10.30% |
| 2025-09-18 | 9.96% |
| 2025-09-17 | 10.17% |
| 2025-09-16 | 10.40% |
| 2025-09-15 | 10.37% |
| 2025-09-12 | 10.18% |
| 2025-09-11 | 10.26% |
| 2025-09-10 | 10.36% |
| 2025-09-09 | 10.50% |
| 2025-09-08 | 10.56% |
| 2025-09-05 | 10.44% |
| 2025-09-04 | 10.17% |
| 2025-09-03 | 10.36% |
| 2025-09-02 | 10.16% |
| 2025-08-29 | 10.10% |
Showing the most recent 260 of 3,964 data points. The chart above shows the full history.
