Targa Resources (TRGP) Capital Leases (2019 - 2026)
Targa Resources (TRGP) recorded Capital Leases of $684.6 million in Q3 2026, up 155.7% from $267.7 million a year earlier but down 0.4% from the prior quarter.
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Analysis
Targa Resources (TRGP) Capital Leases (2019 - 2026) Analysis & Trends
At the end of FY2025, Targa Resources reported Capital Leases of $260.4 million, up 8.3% from FY2024.
- Annual Capital Leases has a five-year compound annual growth rate of 69.3% (FY2020 to FY2025).
- Across earlier years, Capital Leases came in at $240.4 million in FY2024 (-1.5%), $244.1 million in FY2023 (+26.5%), $193 million in FY2022 and $13.7 million in FY2021 (-26.7%).
- Quarterly Capital Leases has ranged from $13.6 million in Q1 2022 to $687.1 million in Q2 2026 over the past five years.
- On a year-over-year basis, Capital Leases has increased for five consecutive quarters, with growth averaging 46.0% over the last eight quarters.
- Peak year-over-year performance for Capital Leases in the last five years was growth of 497.5% in Q3 2023, against a decline of 26.7% in Q4 2021 at the low end.
- Per Business Quant, the preceding three quarters came in at $687.1 million (Q2 2026), $249.6 million (Q1 2026) and $260.4 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Enbridge | 106.26 Bn | 104.14 Bn | 4.35 Bn |
| 2 | Williams Companies | 86.41 Bn | 89.20 Bn | 2.59 Bn |
| 3 | Enterprise Products Partners | 82.58 Bn | 80.98 Bn | 14.00 Mn |
| 4 | Kinder Morgan | 71.13 Bn | 71.22 Bn | 2.97 Bn |
| 5 | Tc Energy | 67.40 Bn | 71.05 Bn | - |
| 6 | Energy Transfer | 66.89 Bn | 62.98 Bn | 6.57 Bn |
| 7 | Targa Resources | 63.77 Bn | 62.98 Bn | 2.02 Bn |
| 8 | Cheniere Energy | 63.04 Bn | 62.60 Bn | 2.97 Bn |
| 9 | Mplx | 58.00 Bn | 52.25 Bn | 3.19 Bn |
| 10 | Oneok | 56.58 Bn | 65.12 Bn | 2.84 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 684.60 Mn |
| Jun 30, 2026 | 687.10 Mn |
| Mar 31, 2026 | 249.60 Mn |
| Dec 31, 2025 | 260.40 Mn |
| Sep 30, 2025 | 267.70 Mn |
| Jun 30, 2025 | 239.60 Mn |
| Mar 31, 2025 | 235.80 Mn |
| Dec 31, 2024 | 240.40 Mn |
| Sep 30, 2024 | 237.30 Mn |
| Jun 30, 2024 | 242.50 Mn |
| Mar 31, 2024 | 233.00 Mn |
| Dec 31, 2023 | 244.10 Mn |
| Sep 30, 2023 | 238.40 Mn |
| Jun 30, 2023 | 224.80 Mn |
| Mar 31, 2023 | 208.90 Mn |
| Dec 31, 2022 | 193.00 Mn |
| Sep 30, 2022 | 39.90 Mn |
| Jun 30, 2022 | 19.60 Mn |
| Mar 31, 2022 | 13.60 Mn |
| Dec 31, 2021 | 13.70 Mn |
API Access
Targa Resources Capital Leases API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=capital-leases&ticker=TRGP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "capital-leases", "ticker": "TRGP", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=capital-leases&ticker=TRGP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();