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
DateValue
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