• Targa Resources average return on tangible equity for 2024 was 52.62, a 26.28% increase from 2023.
• Targa Resources average return on tangible equity for 2023 was 41.67, a 303.78% increase from 2022.
• Targa Resources average return on tangible equity for 2022 was 10.32, a 187.47% increase from 2021.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.