Targa Resources Capital Expenditures History
TRGP / Energy|10 years of SEC 10-K data (FY2016-FY2025)
$3.3B in FY2025 with a 5-year CAGR of +28.5%. Top quartile in the Energy sector.
Improved from $2.4B to $3.3B over the past 2 years.
Among 69 Energy companies, Targa Resources is in the top 10% for capital expenditures. Capital Expenditures has increased for 4 consecutive years, from $505M in FY2021 to $3.3B in FY2025.
Based on SEC 10-K filings.
Key Data Points
- Altman Z-Score 1.19 (distress zone, below 1.8 threshold)
- High earnings quality (cash-backed earnings)
- Strong return on equity: 63.9%
Data sourced from SEC EDGAR filings. Not investment advice.
- 3-Year CAGR
- +35.7%
- 5-Year CAGR
- +28.5%
- 10-Year CAGR
- -
Capital Expenditures Trend
Top 10% in EnergyTop 10% of 69This company $3.3B Sector average $1.5B
▼
+118.2% above sector average
Key Insights
- Targa Resources's capital expenditures has grown for 4 consecutive years.
- 5-year CAGR of +28.5%, indicating consistent growth.
- In FY2025, capital expenditures increased 12.4% year-over-year.
- Ranks #7 out of 69 companies in the Energy sector.
Annual Data
| Year | Capital Expenditures | YoY Growth |
|---|---|---|
| FY2025 | $3.3B | +12.4% |
| FY2024 | $3.0B | +24.3% |
| FY2023 | $2.4B | +78.8% |
| FY2022 | $1.3B | +164.2% |
| FY2021 | $505.1M | -46.9% |
| FY2020 | $951.6M | -66.9% |
| FY2019 | $2.9B | -7.6% |
| FY2018 | $3.1B | +140.1% |
| FY2017 | $1.3B | +130.8% |
| FY2016 | $562.1M | -31.2% |
As of FY2025 · SEC 10-K · Updated Feb 28, 2026