Targa Resources annual capital expenditures (capex)
2009
2010
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2021
2022
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2024
2025
Targa Resources Capital Expenditures (CapEx) Growth & History (TRGP)
Targa Resources's capital expenditures (capex) was $3.33B for fiscal 2025.
View full Targa Resources company overviewTarga Resources annual capital expenditures (capex) history
| Fiscal year | Period ended | Capital expenditures (CapEx) | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $3.33B | $367.5M | +12.39% |
| 2024 | 2024-12-31 | $2.97B | $580.4M | +24.33% |
| 2023 | 2023-12-31 | $2.39B | $1.05B | +78.78% |
| 2022 | 2022-12-31 | $1.33B | $829.2M | +164.17% |
| 2021 | 2021-12-31 | $505.1M | −$446.5M | −46.92% |
| 2020 | 2020-12-31 | $951.6M | −$1.93B | −66.93% |
| 2019 | 2019-12-31 | $2.88B | −$237.0M | −7.61% |
| 2018 | 2018-12-31 | $3.11B | $1.82B | +140.06% |
| 2017 | 2017-12-31 | $1.30B | $735.4M | +130.83% |
| 2016 | 2016-12-31 | $562.1M | −$255.1M | −31.22% |
| 2015 | 2015-12-31 | $817.2M | $55.0M | +7.22% |
| 2014 | 2014-12-31 | $762.2M | −$251.4M | −24.80% |
| 2013 | 2013-12-31 | $1.01B | $430.9M | +73.95% |
| 2012 | 2012-12-31 | $582.7M | $250.8M | +75.56% |
| 2011 | 2011-12-31 | $331.9M | $192.6M | +138.26% |
| 2010 | 2010-12-31 | $139.3M | $39.9M | +40.14% |
| 2009 | 2009-12-31 | $99.4M | — | — |
Targa Resources quarterly capital expenditures (capex)
Q3.10
Q1.11
Q2.11
Q3.11
Q4.11
Q1.12
Q2.12
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Q4.12
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Q1.25
Q2.25
Q3.25
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Q1.26
Q2.26
| Fiscal quarter | Period ended | Capital expenditures (CapEx) | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $1.01B | $104.0M | +11.48% |
| Q1 2026 | 2026-03-31 | $899.5M | $107.3M | +13.54% |
| Q4 2025 | 2025-12-31 | $963.2M | $236.3M | +32.51% |
| Q3 2025 | 2025-09-30 | $671.8M | −$157.0M | −18.94% |
| Q2 2025 | 2025-06-30 | $906.1M | $165.8M | +22.40% |
| Q1 2025 | 2025-03-31 | $792.2M | $122.4M | +18.27% |
| Q4 2024 | 2024-12-31 | $726.9M | $6.9M | +0.96% |
| Q3 2024 | 2024-09-30 | $828.8M | $237.1M | +40.07% |
| Q2 2024 | 2024-06-30 | $740.3M | $142.3M | +23.80% |
| Q1 2024 | 2024-03-31 | $669.8M | $194.1M | +40.80% |
| Q4 2023 | 2023-12-31 | $720.0M | $201.1M | +38.76% |
| Q3 2023 | 2023-09-30 | $591.7M | $195.8M | +49.46% |
| Q2 2023 | 2023-06-30 | $598.0M | $382.9M | +178.01% |
| Q1 2023 | 2023-03-31 | $475.7M | $271.3M | +132.73% |
| Q4 2022 | 2022-12-31 | $518.9M | $335.4M | +182.78% |
| Q3 2022 | 2022-09-30 | $395.9M | $273.2M | +222.66% |
| Q2 2022 | 2022-06-30 | $215.1M | $112.4M | +109.44% |
| Q1 2022 | 2022-03-31 | $204.4M | $108.2M | +112.47% |
| Q4 2021 | 2021-12-31 | $183.5M | $35.0M | +23.57% |
| Q3 2021 | 2021-09-30 | $122.7M | −$64.5M | −34.46% |
| Q2 2021 | 2021-06-30 | $102.7M | −$171.5M | −62.55% |
| Q1 2021 | 2021-03-31 | $96.2M | −$245.5M | −71.85% |
| Q4 2020 | 2020-12-31 | $148.5M | −$295.2M | −66.53% |
| Q3 2020 | 2020-09-30 | $187.2M | −$495.9M | −72.60% |
| Q2 2020 | 2020-06-30 | $274.2M | −$533.5M | −66.05% |
| Q1 2020 | 2020-03-31 | $341.7M | −$601.6M | −63.78% |
| Q4 2019 | 2019-12-31 | $443.7M | −$637.5M | −58.96% |
| Q3 2019 | 2019-09-30 | $683.1M | −$188.0M | −21.58% |
| Q2 2019 | 2019-06-30 | $807.7M | $241.1M | +42.55% |
| Q1 2019 | 2019-03-31 | $943.3M | $347.4M | +58.30% |
| Q4 2018 | 2018-12-31 | $1.08B | $650.3M | +150.92% |
| Q3 2018 | 2018-09-30 | $871.1M | $532.1M | +156.96% |
| Q2 2018 | 2018-06-30 | $566.6M | $183.2M | +47.78% |
| Q1 2018 | 2018-03-31 | $595.9M | $451.7M | +313.25% |
| Q4 2017 | 2017-12-31 | $430.9M | $293.8M | +214.30% |
| Q3 2017 | 2017-09-30 | $339.0M | $221.7M | +189.00% |
| Q2 2017 | 2017-06-30 | $383.4M | $265.8M | +226.02% |
| Q1 2017 | 2017-03-31 | $144.2M | −$45.9M | −24.15% |
| Q4 2016 | 2016-12-31 | $137.1M | −$54.8M | −28.56% |
| Q3 2016 | 2016-09-30 | $117.3M | −$71.8M | −37.97% |
| Q2 2016 | 2016-06-30 | $117.6M | −$131.0M | −52.70% |
| Q1 2016 | 2016-03-31 | $190.1M | $2.5M | +1.33% |
| Q4 2015 | 2015-12-31 | $191.9M | $1.4M | +0.73% |
| Q3 2015 | 2015-09-30 | $189.1M | $37.0M | +24.33% |
| Q2 2015 | 2015-06-30 | $248.6M | $26.7M | +12.03% |
| Q1 2015 | 2015-03-31 | $187.6M | −$10.1M | −5.11% |
| Q4 2014 | 2014-12-31 | $190.5M | −$96.0M | −33.51% |
| Q3 2014 | 2014-09-30 | $152.1M | −$111.6M | −42.32% |
| Q2 2014 | 2014-06-30 | $221.9M | −$19.7M | −8.15% |
| Q1 2014 | 2014-03-31 | $197.7M | −$24.1M | −10.87% |
| Q4 2013 | 2013-12-31 | $286.5M | $68.9M | +31.66% |
| Q3 2013 | 2013-09-30 | $263.7M | $137.3M | +108.62% |
| Q2 2013 | 2013-06-30 | $241.6M | $105.9M | +78.04% |
| Q1 2013 | 2013-03-31 | $221.8M | $118.8M | +115.34% |
| Q4 2012 | 2012-12-31 | $217.6M | $100.0M | +85.03% |
| Q3 2012 | 2012-09-30 | $126.4M | $50.3M | +66.10% |
| Q2 2012 | 2012-06-30 | $135.7M | $54.5M | +67.12% |
| Q1 2012 | 2012-03-31 | $103.0M | $46.0M | +80.70% |
| Q4 2011 | 2011-12-31 | $117.6M | — | — |
| Q3 2011 | 2011-09-30 | $76.1M | $38.8M | +104.02% |
| Q2 2011 | 2011-06-30 | $81.2M | — | — |
| Q1 2011 | 2011-03-31 | $57.0M | — | — |
| Q3 2010 | 2010-09-30 | $37.3M | — | — |
Targa Resources capital expenditures (capex) trends
Over the last five fiscal years, Targa Resources's capital expenditures (capex) increased from $951.6M to $3.33B, a change of $2.38B. The latest reported quarter, Q2 2026, shows $1.01B.
About the metric
What capital expenditures (CapEx) mean
Capital expenditures, commonly called CapEx, are cash investments in long-lived assets such as property, plants, equipment, infrastructure, and productive software. CapEx can support future growth or maintain existing operations, but it reduces current-period free cash flow.
Calculation and source
SEC-reported capital expenditures
TickerStat standardizes cash payments for property, plant, equipment, and other productive assets reported in company SEC filings. When a filer reports separate qualifying CapEx components instead of a total, those components are combined for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Targa Resources source filings ↗