Targa Resources (TRGP) Capital Expenditures (2011 - 2026)
Targa Resources' (TRGP) quarterly Capital Expenditures came in at $899.5 million in Q1 2026, up 13.54% year-on-year from $792.2 million in Q1 2025, and down 6.61% on a QoQ basis from $963.2 million in Q4 2025.
Targa Resources (TRGP) Capital Expenditures (2011 - 2026) Analysis & Trends
Targa Resources (TRGP) has 16 years of Capital Expenditures data on file, last reported at $899.5 million in Q1 2026.
- On a quarterly basis, Capital Expenditures rose 13.54% year-over-year to $899.5 million in Q1 2026; TTM through Mar 2026 was $3.4 billion, a 11.41% increase from a year earlier, with the FY2025 full-year figure at $3.3 billion, up 12.39% from the prior year.
- Capital Expenditures for Q1 2026 stood at $899.5 million, down from $963.2 million in the prior quarter.
- Over the last five years, Capital Expenditures for TRGP reached as high as $963.2 million in Q4 2025 and fell as low as $204.4 million in Q1 2022.
- Historically, Capital Expenditures has averaged $642.3 million across 5 years, with a median of $671.8 million in 2025.
- Across the five-year window, Capital Expenditures surged 222.66% in 2022 and declined 18.94% in 2025, its largest moves.
- Year by year, Capital Expenditures stood at $518.9 million in 2022, then jumped by 38.76% to $720.0 million in 2023, then advanced by 0.96% to $726.9 million in 2024, then jumped by 32.51% to $963.2 million in 2025, then fell by 6.61% to $899.5 million in 2026.
- Per Business Quant data, the three most recent Capital Expenditures figures were $899.5 million in Q1 2026, $963.2 million in Q4 2025, and $671.8 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capital Expenditures (Qtr) |
|---|---|---|---|---|---|
| 1 | DHT Holdings | 2,706.13 Bn | 2,706.00 Bn | 167.16 Mn | -166,000.00 |
| 2 | Flex LNG | 1,674.16 Bn | 1,673.77 Bn | 61.79 Mn | -3.03 Mn |
| 3 | Kinder Morgan | 112.74 Bn | 113.82 Bn | 3.07 Bn | 982.00 Mn |
| 4 | Enbridge | 89.82 Bn | 89.03 Bn | 6.70 Bn | 1.78 Bn |
| 5 | Enterprise Products Partners | 83.97 Bn | 82.82 Bn | - | 983.00 Mn |
| 6 | Tc Energy | 72.76 Bn | 73.95 Bn | 1.36 Bn | -2.87 Mn |
| 7 | Energy Transfer | 70.27 Bn | 69.30 Bn | 6.62 Bn | 1.92 Bn |
| 8 | Targa Resources | 61.30 Bn | 61.34 Bn | 1.70 Bn | 899.50 Mn |
| 9 | Oneok | 61.15 Bn | 61.02 Bn | 8.98 Bn | 864.00 Mn |
| 10 | Mplx | 58.39 Bn | 56.89 Bn | 1.95 Bn | 575.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 899.50 Mn |
| Mar 31, 2026 | 899.50 Mn |
| Dec 31, 2025 | 963.20 Mn |
| Dec 31, 2025 | 963.20 Mn |
| Sep 30, 2025 | 671.80 Mn |
| Sep 30, 2025 | 671.80 Mn |
| Jun 30, 2025 | 906.10 Mn |
| Jun 30, 2025 | 906.10 Mn |
| Mar 31, 2025 | 792.20 Mn |
| Mar 31, 2025 | 792.20 Mn |
| Dec 31, 2024 | 726.90 Mn |
| Dec 31, 2024 | 726.90 Mn |
| Sep 30, 2024 | 828.80 Mn |
| Sep 30, 2024 | 828.80 Mn |
| Jun 30, 2024 | 740.30 Mn |
| Jun 30, 2024 | 740.30 Mn |
| Mar 31, 2024 | 669.80 Mn |
| Mar 31, 2024 | 669.80 Mn |
| Dec 31, 2023 | 720.00 Mn |
| Dec 31, 2023 | 720.00 Mn |