Targa Resources (TRGP) Invested Capital (2014 - 2026)
Targa Resources (TRGP) posted quarterly Invested Capital of $18.3 billion for Q1 2026, up 18.8% year-over-year from $15.4 billion in Q1 2025, and up 10.86% quarter-over-quarter from $16.5 billion in Q4 2025.
Targa Resources (TRGP) Invested Capital (2014 - 2026) Analysis & Trends
Targa Resources (TRGP) has reported Invested Capital for 13 consecutive years, with $18.3 billion the latest figure, recorded in Q1 2026.
- In Q1 2026, Invested Capital rose 18.8% year-over-year to $18.3 billion; the TTM figure through Mar 2026 stood at $67.4 billion (up 21.81% YoY), while the FY2025 annual figure was $16.5 billion, up 21.17% from the prior year.
- Invested Capital rose to $18.3 billion in Q1 2026 per TRGP's latest filing, from $16.5 billion in the prior quarter.
- Across five years, Invested Capital topped out at $18.3 billion in Q1 2026 and bottomed at $7.0 billion in Q1 2022.
- Historically, Invested Capital has averaged $12.8 billion across 5 years, with a median of $12.4 billion in 2024.
- Annual changes were most pronounced in 2022 — Invested Capital retreated 1.85% — and 2023, when it soared 64.65%.
- Targa Resources' Invested Capital stood at $10.6 billion in 2022, then rose by 15.18% to $12.2 billion in 2023, then climbed by 11.95% to $13.6 billion in 2024, then advanced by 21.17% to $16.5 billion in 2025, then grew by 10.86% to $18.3 billion in 2026.
- Business Quant data shows TRGP's Invested Capital at $18.3 billion in Q1 2026, $16.5 billion in Q4 2025, and $16.6 billion in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 112.69 Bn | 112.57 Bn | 3.07 Bn | 29.70 Bn |
| 2 | Enbridge | 111.13 Bn | 109.64 Bn | 5.23 Bn | 4.85 Bn |
| 3 | Enterprise Products Partners | 83.42 Bn | 82.51 Bn | - | 2.02 Bn |
| 4 | Energy Transfer | 72.55 Bn | 71.52 Bn | 7.40 Bn | 12.00 Mn |
| 5 | Tc Energy | 66.17 Bn | 58.61 Bn | 1.24 Bn | 2.53 Bn |
| 6 | Mplx | 60.16 Bn | 59.13 Bn | 2.73 Bn | 26.01 Bn |
| 7 | Oneok | 60.05 Bn | 59.89 Bn | 2.81 Bn | 1.50 Bn |
| 8 | Targa Resources | 59.27 Bn | 59.14 Bn | 2.14 Bn | 18.46 Bn |
| 9 | Cheniere Energy | 56.13 Bn | 54.88 Bn | 5.29 Bn | 1.41 Bn |
| 10 | Venture Global | 34.44 Bn | 31.22 Bn | 2.92 Bn | 287.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 18.46 Bn |
| Mar 31, 2026 | 18.32 Bn |
| Dec 31, 2025 | 16.52 Bn |
| Sep 30, 2025 | 16.59 Bn |
| Jun 30, 2025 | 15.96 Bn |
| Mar 31, 2025 | 15.42 Bn |
| Dec 31, 2024 | 13.64 Bn |
| Sep 30, 2024 | 13.46 Bn |
| Jun 30, 2024 | 12.81 Bn |
| Mar 31, 2024 | 12.36 Bn |
| Dec 31, 2023 | 12.18 Bn |
| Sep 30, 2023 | 12.14 Bn |
| Jun 30, 2023 | 11.65 Bn |
| Mar 31, 2023 | 11.30 Bn |
| Dec 31, 2022 | 10.57 Bn |
| Sep 30, 2022 | 10.46 Bn |
| Jun 30, 2022 | 7.08 Bn |
| Mar 31, 2022 | 6.99 Bn |
| Dec 31, 2021 | 6.47 Bn |
| Sep 30, 2021 | 6.47 Bn |