Targa Resources (TRGP) Capital Expenditures (2011 - 2026)
Targa Resources' (TRGP) quarterly Capital Expenditures came in at $1.0 billion in Q2 2026, up 11.48% year-over-year from $906.1 million in Q2 2025, and up 12.3% quarter-over-quarter from $899.5 million in Q1 2026.
Analysis
Targa Resources (TRGP) Capital Expenditures (2011 - 2026) Analysis & Trends
Targa Resources (TRGP) has reported Capital Expenditures for 16 consecutive years, with $1.0 billion the latest figure, recorded in Q2 2026.
- On a quarterly basis, Capital Expenditures rose 11.48% year-over-year to $1.0 billion in Q2 2026; TTM through Jun 2026 was $3.5 billion, a 8.93% increase from a year earlier, with the FY2025 full-year figure at $3.3 billion, up 12.39% from the prior year.
- Capital Expenditures was $1.0 billion for Q2 2026 at Targa Resources, up from $899.5 million in the prior quarter.
- Over five years, Capital Expenditures peaked at $1.0 billion in Q2 2026 and troughed at $204.4 million in Q1 2022.
- A 5-year average of $662.7 million and a median of $695.9 million in 2023 frame the typical range for Capital Expenditures.
- Across the five-year window, Capital Expenditures soared 222.66% in 2022 and fell 18.94% in 2025, its largest moves.
- Over 5 years, Capital Expenditures stood at $518.9 million in 2022, then soared by 38.76% to $720.0 million in 2023, then grew by 0.96% to $726.9 million in 2024, then soared by 32.51% to $963.2 million in 2025, then rose by 4.87% to $1.0 billion in 2026.
- The last three Capital Expenditures figures came in at $1.0 billion (Q2 2026), $899.5 million (Q1 2026), and $963.2 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capital Expenditures (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 111.69 Bn | 112.81 Bn | 3.07 Bn | 982.00 Mn |
| 2 | Enterprise Products Partners | 84.07 Bn | 83.21 Bn | - | 1.16 Bn |
| 3 | Energy Transfer | 74.03 Bn | 73.00 Bn | 7.40 Bn | 1.56 Bn |
| 4 | Tc Energy | 65.16 Bn | 64.62 Bn | 1.80 Bn | -773.53 Mn |
| 5 | Targa Resources | 62.18 Bn | 62.19 Bn | 2.14 Bn | 1.01 Bn |
| 6 | Mplx | 60.51 Bn | 59.48 Bn | 2.73 Bn | 825.00 Mn |
| 7 | Oneok | 60.16 Bn | 60.09 Bn | 2.81 Bn | 613.00 Mn |
| 8 | Enbridge | 54.38 Bn | 54.88 Bn | 5.23 Bn | 2.15 Bn |
| 9 | Pembina Pipeline | 28.12 Bn | 27.76 Bn | 933.00 Mn | -218.00 Mn |
| 10 | Gas Transporter Of The South | 21.92 Bn | -3,019.13 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.01 Bn |
| Mar 31, 2026 | 899.50 Mn |
| Dec 31, 2025 | 963.20 Mn |
| Sep 30, 2025 | 671.80 Mn |
| Jun 30, 2025 | 906.10 Mn |
| Mar 31, 2025 | 792.20 Mn |
| Dec 31, 2024 | 726.90 Mn |
| Sep 30, 2024 | 828.80 Mn |
| Jun 30, 2024 | 740.30 Mn |
| Mar 31, 2024 | 669.80 Mn |
| Dec 31, 2023 | 720.00 Mn |
| Sep 30, 2023 | 591.70 Mn |
| Jun 30, 2023 | 598.00 Mn |
| Mar 31, 2023 | 475.70 Mn |
| Dec 31, 2022 | 518.90 Mn |
| Sep 30, 2022 | 395.90 Mn |
| Jun 30, 2022 | 215.10 Mn |
| Mar 31, 2022 | 204.40 Mn |
| Dec 31, 2021 | 183.50 Mn |
| Sep 30, 2021 | 122.70 Mn |