Targa Resources (TRGP) Capital Expenditures (2011 - 2026)
Targa Resources (TRGP) posted quarterly Capital Expenditures of $899.5 million for Q1 2026, up 13.54% year-over-year from $792.2 million in Q1 2025, and down 6.61% quarter-over-quarter from $963.2 million in Q4 2025.
Targa Resources (TRGP) Capital Expenditures (2011 - 2026) Analysis & Trends
Targa Resources (TRGP) has reported Capital Expenditures for 16 consecutive years, with $899.5 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Capital Expenditures rose 13.54% year-over-year to $899.5 million; the TTM figure through Mar 2026 stood at $3.4 billion (up 11.41% YoY), while the FY2025 annual figure was $3.3 billion, up 12.39% from the prior year.
- Capital Expenditures eased to $899.5 million in Q1 2026 per TRGP's latest filing, from $963.2 million in the prior quarter.
- Across five years, Capital Expenditures topped out at $963.2 million in Q4 2025 and bottomed at $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.
- Annual changes were most pronounced in 2022 — Capital Expenditures jumped 222.66% — and 2025, when it retreated 18.94%.
- Targa Resources' Capital Expenditures stood at $518.9 million in 2022, then surged by 38.76% to $720.0 million in 2023, then rose by 0.96% to $726.9 million in 2024, then surged by 32.51% to $963.2 million in 2025, then dropped by 6.61% to $899.5 million in 2026.
- Business Quant data shows TRGP's Capital Expenditures at $899.5 million in Q1 2026, $963.2 million in Q4 2025, and $671.8 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capex (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 112.69 Bn | 112.57 Bn | 3.07 Bn | 982.00 Mn |
| 2 | Enbridge | 110.89 Bn | 109.40 Bn | 5.23 Bn | 2.15 Bn |
| 3 | Enterprise Products Partners | 83.45 Bn | 82.54 Bn | - | 1.16 Bn |
| 4 | Energy Transfer | 72.67 Bn | 71.64 Bn | 7.40 Bn | 1.56 Bn |
| 5 | Tc Energy | 65.89 Bn | 58.33 Bn | 1.24 Bn | -3.61 Mn |
| 6 | Oneok | 60.12 Bn | 59.96 Bn | 2.81 Bn | 613.00 Mn |
| 7 | Mplx | 59.97 Bn | 58.94 Bn | 2.73 Bn | 825.00 Mn |
| 8 | Targa Resources | 59.56 Bn | 59.43 Bn | 2.14 Bn | 1.01 Bn |
| 9 | Cheniere Energy | 56.12 Bn | 54.86 Bn | 5.29 Bn | 1.18 Bn |
| 10 | Venture Global | 34.39 Bn | 31.17 Bn | 2.92 Bn | 3.72 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 1.01 Bn |
| Jun 30, 2026 | 1.01 Bn |
| 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 |