Targa Resources (TRGP) Property, Plant & Equipment (Net) (2009 - 2026)
Targa Resources' Property, Plant & Equipment (Net) came in at $23.96 billion for Q3 2026, up 22.2% from $19.61 billion a year earlier and up 3.9% from the prior quarter.
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Analysis
Targa Resources (TRGP) Property, Plant & Equipment (Net) (2009 - 2026) Analysis & Trends
At the end of FY2025, Targa Resources' Property, Plant & Equipment (Net) was $20.53 billion, up 13.7% from FY2024.
- Property, Plant & Equipment (Net) has increased in each of the last four years, with a five-year compound annual growth rate of 11.0% (FY2020 to FY2025).
- Going back by year, Property, Plant & Equipment (Net) was $18.06 billion in FY2024 (+14.3%), $15.81 billion in FY2023 (+11.2%), $14.21 billion in FY2022 (+21.8%) and $11.67 billion in FY2021 (-4.2%).
- The Q3 2026 figure represents the highest quarterly Property, Plant & Equipment (Net) in data going back to Q4 2009.
- Year-over-year, Property, Plant & Equipment (Net) has increased for 17 consecutive quarters, with growth averaging 16.0% over the last eight quarters.
- The fastest year-over-year change in Property, Plant & Equipment (Net) over five years came in Q2 2023 (growth of 25.4%), and the weakest in Q4 2021 (a decline of 4.2%).
- Business Quant data shows TRGP's Property, Plant & Equipment (Net) at $23.06 billion (Q2 2026), $21.77 billion (Q1 2026) and $20.53 billion (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | PP&E (Net) (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 106.26 Bn | 104.14 Bn | 4.35 Bn | 98.94 Bn |
| 2 | Williams Companies | 86.41 Bn | 89.20 Bn | 2.59 Bn | 52.53 Bn |
| 3 | Enterprise Products Partners | 82.58 Bn | 80.98 Bn | 14.00 Mn | 52.59 Bn |
| 4 | Kinder Morgan | 71.13 Bn | 71.22 Bn | 2.97 Bn | 40.89 Bn |
| 5 | Tc Energy | 67.40 Bn | 71.05 Bn | - | 51.83 Bn |
| 6 | Energy Transfer | 66.89 Bn | 62.98 Bn | 6.57 Bn | 104.38 Bn |
| 7 | Targa Resources | 63.77 Bn | 62.98 Bn | 2.02 Bn | 23.96 Bn |
| 8 | Cheniere Energy | 63.04 Bn | 62.60 Bn | 2.97 Bn | 37.47 Bn |
| 9 | Mplx | 58.00 Bn | 52.25 Bn | 3.19 Bn | 23.08 Bn |
| 10 | Oneok | 56.58 Bn | 65.12 Bn | 2.84 Bn | 49.38 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 23.96 Bn |
| Jun 30, 2026 | 23.06 Bn |
| Mar 31, 2026 | 21.77 Bn |
| Dec 31, 2025 | 20.53 Bn |
| Sep 30, 2025 | 19.61 Bn |
| Jun 30, 2025 | 19.02 Bn |
| Mar 31, 2025 | 18.41 Bn |
| Dec 31, 2024 | 18.06 Bn |
| Sep 30, 2024 | 17.43 Bn |
| Jun 30, 2024 | 16.89 Bn |
| Mar 31, 2024 | 16.28 Bn |
| Dec 31, 2023 | 15.81 Bn |
| Sep 30, 2023 | 15.33 Bn |
| Jun 30, 2023 | 14.89 Bn |
| Mar 31, 2023 | 14.47 Bn |
| Dec 31, 2022 | 14.21 Bn |
| Sep 30, 2022 | 13.72 Bn |
| Jun 30, 2022 | 11.88 Bn |
| Mar 31, 2022 | 11.65 Bn |
| Dec 31, 2021 | 11.67 Bn |
API Access
Targa Resources Property, Plant & Equipment (Net) 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=property-plant-and-equipment-net&ticker=TRGP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "property-plant-and-equipment-net", "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=property-plant-and-equipment-net&ticker=TRGP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();