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Capital Expenditures for Targa Resources (TRGP)

Latest filings through · Reported

Metric

Latest period

$3.44B

YoY change

+12.4%

5Y CAGR

+28.5%

Peak year (2025)

$3.33B

CapEx history chart for Targa Resources (TRGP) from 2008 to 2025

Latest: $3.33B

CapEx growth chart for Targa Resources (TRGP) from 2008 to 2025

Latest: +12.4%

CapEx history table for Targa Resources (TRGP) from 2008 to 2025

  • 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 (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.

About CapEx at Targa Resources (TRGP)

According to Targa Resources's latest reported financial statements, the company's current CapEx (TTM) is $3.44B. 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 .

The 2025 reading of Targa Resources (TRGP) CapEx is $3.33B – grew 12.4% year-over-year.

Looking at the 2020–2025 (5 years) stretch, Targa Resources CapEx compounded at +28.5% per year, sustaining 4 straight years of year-over-year growth.

The highest annual CapEx of $3.33B was reported in 2025. The lowest in the available history was $99.40M in 2009.

Targa Resources Capital Expenditures by Year

Targa Resources Capital Expenditures 2025: $3.33B

Targa Resources posted CapEx of $3.33B in 2025, grew 12.4% from 2024. This figure represents the highest annual value in the available history.

Targa Resources Capital Expenditures 2024: $2.97B

In 2024, Targa Resources reported CapEx of $2.97B, grew 24.3% from 2023.

Targa Resources Capital Expenditures 2023: $2.39B

Targa Resources CapEx in 2023 was $2.39B, surged 78.8% from 2022.

Targa Resources Capital Expenditures 2022: $1.33B

2022's CapEx for Targa Resources came in at $1.33B, surged 164.2% from 2021.

Targa Resources Capital Expenditures 2021: $505.10M

Targa Resources CapEx in 2021 was $505.10M.

See more financial history for Targa Resources (TRGP).

Sector peers by CapEx

Energy peers of Targa Resources (TRGP), ranked by their latest CapEx

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