Targa Resources (TRGP) Depreciation and Depletion (2018 - 2026)
Targa Resources (TRGP) reported Depreciation and Depletion of $357.1 million for Q3 2026, up 18.2% from $302 million a year earlier and up 1.7% from the prior quarter.
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Analysis
Targa Resources (TRGP) Depreciation and Depletion (2018 - 2026) Analysis & Trends
Over the twelve months ended Sep 30, 2026, Targa Resources' Depreciation and Depletion came in at $1.34 billion, up 15.0% year-over-year; for FY2025, it was $1.19 billion, up 13.3% from FY2024.
- Depreciation and Depletion has increased for five consecutive years, with a five-year compound annual growth rate of 10.5% (FY2020 to FY2025).
- By year, Depreciation and Depletion came in at $1.05 billion in FY2024 (+11.0%), $945.6 million in FY2023 (+10.8%), $853.8 million in FY2022 (+15.4%) and $739.6 million in FY2021 (+2.6%).
- The Q3 2026 figure ranks as the highest quarterly Depreciation and Depletion in data going back to Q1 2018.
- Year over year, Depreciation and Depletion has now increased in each of the last 13 quarters, with growth averaging 15.2% over the last eight quarters.
- The high point for year-over-year Depreciation and Depletion in five years was Q2 2022 (growth of 35.1%); the low point was Q2 2023 (a decline of 2.4%).
- Per Business Quant data, the three quarters before Q3 2026 came in at $351.1 million (Q2 2026), $322.8 million (Q1 2026) and $309 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Dep. & Depletion (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 | 567.00 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 | 357.10 Mn |
| 8 | Cheniere Energy | 63.04 Bn | 62.60 Bn | 2.97 Bn | 391.00 Mn |
| 9 | Mplx | 58.00 Bn | 52.25 Bn | 3.19 Bn | 335.00 Mn |
| 10 | Oneok | 56.58 Bn | 65.12 Bn | 2.84 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 357.10 Mn |
| Jun 30, 2026 | 351.10 Mn |
| Mar 31, 2026 | 322.80 Mn |
| Dec 31, 2025 | 309.00 Mn |
| Sep 30, 2025 | 302.00 Mn |
| Jun 30, 2025 | 292.20 Mn |
| Mar 31, 2025 | 286.10 Mn |
| Dec 31, 2024 | 285.20 Mn |
| Sep 30, 2024 | 262.10 Mn |
| Jun 30, 2024 | 255.30 Mn |
| Mar 31, 2024 | 247.20 Mn |
| Dec 31, 2023 | 245.40 Mn |
| Sep 30, 2023 | 235.30 Mn |
| Jun 30, 2023 | 236.10 Mn |
| Mar 31, 2023 | 228.80 Mn |
| Dec 31, 2022 | 224.30 Mn |
| Sep 30, 2022 | 206.50 Mn |
| Jun 30, 2022 | 241.90 Mn |
| Mar 31, 2022 | 181.10 Mn |
| Dec 31, 2021 | 186.90 Mn |
API Access
Targa Resources Depreciation and Depletion 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=depreciation-and-depletion&ticker=TRGP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "depreciation-and-depletion", "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=depreciation-and-depletion&ticker=TRGP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();