Targa Resources TRGP
NYSE TRGP
$290.01 -3.59 (-1.22%)
At close: Sep 4, 2026 · 4:00 PM EDT

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

Historic Data

Download Data
DateValue
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