Targa Resources (TRGP) Invested Capital (2010 - 2026)

Targa Resources' Invested Capital history runs 17 years deep, the most recent figure standing at $21.6 billion for Q1 2026.

• In Q1 2026, Invested Capital rose 19.98% year-over-year to $21.6 billion; the TTM figure through Mar 2026 stood at $21.6 billion (up 19.98% YoY), while the FY2025 annual figure was $19.7 billion, up 9.23% from the prior year.
• Invested Capital came in at $21.6 billion for Q1 2026 at Targa Resources, up from $19.7 billion in the prior quarter.
• Over five years, Invested Capital peaked at $21.6 billion in Q1 2026 and troughed at $11.0 billion in Q1 2022.
• The 5-year median for Invested Capital is $16.9 billion (2024), against an average of $16.8 billion.
• The widest annual swing landed in 2022, when Invested Capital slipped 12.94%; it then soared 42.7% in 2023.
• A 5-year view of Invested Capital shows it stood at $15.6 billion in 2022, then advanced by 7.93% to $16.8 billion in 2023, then advanced by 7.53% to $18.1 billion in 2024, then grew by 9.23% to $19.7 billion in 2025, then climbed by 9.46% to $21.6 billion in 2026.
• Per Business Quant data, the three most recent Invested Capital figures were $21.6 billion in Q1 2026, $19.7 billion in Q4 2025, and $19.3 billion in Q3 2025.