Capital Expenditures for Targa Resources (TRGP)
According to Targa Resources's latest reported financial statements, the company's current capital expenditures (TTM) is $3.33B USD. Capital expenditures (CapEx) are cash outlays for property, plant, and equipment and other long-lived productive assets — reported on the cash flow statement under investing activities. CapEx funds future capacity (factories, data centers, software, machinery), so rising spend can signal investment in growth, while heavy CapEx reduces free cash flow available to shareholders. We display CapEx as a positive amount (the absolute cash outflow); compare with revenue to gauge capital intensity and with total assets for the asset-base context.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
TRGP
Currently viewingCapital ExpendituresSwitch metric
Latest period
$3.33B
YoY change
+12.4%
5Y CAGR
+28.5%
Peak year (2025)
$3.33B
Cumulative capital expenditures
$23.21B
CapEx history chart for Targa Resources (TRGP) from 2008 to 2025
CapEx history table for Targa Resources (TRGP) from 2008 to 2025
| Fiscal year | Period ended | Reported | Capital Expenditures | YoY |
|---|---|---|---|---|
| 2025 | $3.33B | +12.4% | ||
| 2024 | $2.97B | +24.3% | ||
| 2023 | $2.39B | +78.8% | ||
| 2022 | $1.33B | +164.2% | ||
| 2021 | $505.10M | -46.9% | ||
| 2020 | $951.60M | -66.9% | ||
| 2019 | $2.88B | -7.6% | ||
| 2018 | $3.11B | +140.1% | ||
| 2017 | $1.30B | +130.8% | ||
| 2016 | $562.10M | -31.2% | ||
| 2015 | $817.20M | +7.2% | ||
| 2014 | $762.20M | -24.8% | ||
| 2013 | $1.01B | +73.9% | ||
| 2012 | $582.70M | +75.6% | ||
| 2011 | $331.90M | +138.3% | ||
| 2010 | $139.30M | +40.1% | ||
| 2009 | $99.40M | -24.9% | ||
| 2008 | $132.30M | — |
CapEx values are taken from Targa Resources's reported cash flow statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
The 2025 reading of Targa Resources (TRGP) capital expenditures is $3.33B – grew 12.4% year-over-year.
Looking at the 2020–2025 (5 years) stretch, Targa Resources capital expenditures compounded at +28.5% per year, sustaining 4 straight years of year-over-year growth.
The highest annual capital expenditures of $3.33B was reported in 2025. The lowest in the available history was $99.40M in 2009.
Among 8 Energy peers, Targa Resources (TRGP) ranks 6th; the peer median for capital expenditures is $5.50B.
Targa Resources Capital Expenditures by Year
Targa Resources Capital Expenditures 2025: $3.33B
Targa Resources capital expenditures in 2025 was $3.33B, grew 12.4% from 2024. This figure represents the highest annual value in the available history.
Targa Resources Capital Expenditures 2024: $2.97B
Targa Resources capital expenditures in 2024 was $2.97B, grew 24.3% from 2023.
Targa Resources Capital Expenditures 2023: $2.39B
Targa Resources capital expenditures in 2023 was $2.39B, surged 78.8% from 2022.
Targa Resources Capital Expenditures 2022: $1.33B
Targa Resources capital expenditures in 2022 was $1.33B, surged 164.2% from 2021.
Targa Resources Capital Expenditures 2021: $505.10M
Targa Resources capital expenditures in 2021 was $505.10M.
See more financial history for Targa Resources (TRGP).
Sector peers — CapEx
Companies in the same sector as Targa Resources, ranked by their latest capital expenditures.
| Company | Capital Expenditures | Sector |
|---|---|---|
| Exxon Mobil Corporation (XOM) | $28.36B | Energy |
| Chevron Corporation (CVX) | $17.35B | Energy |
| Enbridge Inc. (ENB) | $8.97B | Energy |
| EOG Resources, Inc. (EOG) | $6.12B | Energy |
| The Williams Companies, Inc. (WMB) | $4.89B | Energy |
| ConocoPhillips (COP) | $3.02B | Energy |
| SLB N.V. (SLB) | $1.69B | Energy |
| Valero Energy Corporation (VLO) | $796.00M | Energy |
Frequently asked questions
What is Targa Resources's capital expenditures?
- Latest reported capital expenditures for Targa Resources (TRGP) is $3.33B (period ending December 31, 2025).
How has Targa Resources capital expenditures changed year-over-year?
- Targa Resources (TRGP) capital expenditures changed +12.4% year-over-year on the latest annual filing.
What is the long-term growth rate of Targa Resources capital expenditures?
- Targa Resources (TRGP) capital expenditures compound annual growth rate is +28.5% over the most recent 5 years available.
When did Targa Resources capital expenditures hit its highest annual value?
- Targa Resources capital expenditures reached its highest annual value of $3.33B in 2025.
What was Targa Resources capital expenditures in 2024?
- Targa Resources (TRGP) capital expenditures in 2024 was $2.97B.
What was Targa Resources capital expenditures in 2025?
- Targa Resources (TRGP) capital expenditures in 2025 was $3.33B.
Metrics overview
Pick a metric for charts, filings, and peers — each row shows the latest TTM or annual value with year-over-year change.
Explore more
TRGP Overview
Company profile, financial tools, and key metrics
TRGP Revenue Counter
Earns $543.39 every second. See per minute, hour, and day.
TRGP Earnings Counter
Earns $58.49 per second net profit. See per minute, hour, and day.
TRGP Economic Scale
Exceeds North Macedonia's GDP. Compare with world economies.
TRGP What If Invested
What if you had invested $1,000? See historical returns from any date.
TRGP How It Makes Money
Discover visual breakdown of $17.14B in revenue — where it comes from and where it goes.
TRGP Stock Seasonality
Best and worst months to invest. Historical monthly returns heatmap.
TRGP Price Target Scenarios
Model bear, base, and bull cases with EPS growth and exit P/E — pre-filled from analysts and history.
TRGP Daily Price Character
Explosive · 53.3% historical win rate (green days). Streaks & record days.
TRGP Buybacks
1.62% TTM buyback yield. Shareholder yield & SBC comparison.
TRGP Dividend Profile
Yield: 1.60%. Safety: 4/8. See full history.
TRGP Dividend Calculator
How much dividend income would $1,000 have earned? Calculate from any date.
TRGP Dividend Forecast
Project future income with DRIP, growth assumptions, and optional monthly contributions.