Targa Resources PP&E (Net) History
TRGP / Energy|10 years of SEC 10-K data (FY2016-FY2025)
$20.5B in FY2025 with a 5-year CAGR of +11.0%. Top quartile in the Energy sector.
Improved from $15.8B to $20.5B over the past 2 years.
Targa Resources's pp&e (net) of $20.5B is higher than 85% of companies in the Energy sector (FY2025). PP&E (Net) has increased for 4 consecutive years, from $11.7B in FY2021 to $20.5B 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
- +13.0%
- 5-Year CAGR
- +11.0%
- 10-Year CAGR
- -
PP&E (Net) Trend
Top 15% in EnergyTop 15% of 80This company $20.5B Sector average $11.7B
▼
+75.9% above sector average
Key Insights
- Targa Resources's pp&e (net) has grown for 4 consecutive years.
- 5-year CAGR of +11.0%, indicating consistent growth.
- In FY2025, pp&e (net) increased 13.7% year-over-year.
- Ranks #12 out of 80 companies in the Energy sector.
Annual Data
| Year | PP&E (Net) | YoY Growth |
|---|---|---|
| FY2025 | $20.5B | +13.7% |
| FY2024 | $18.1B | +14.3% |
| FY2023 | $15.8B | +11.2% |
| FY2022 | $14.2B | +21.8% |
| FY2021 | $11.7B | -4.2% |
| FY2020 | $12.2B | -16.3% |
| FY2019 | $14.5B | +12.5% |
| FY2018 | $12.9B | +24.0% |
| FY2017 | $10.4B | +7.6% |
| FY2016 | $9.7B | -0.1% |
As of FY2025 · SEC 10-K · Updated Feb 28, 2026