Company / PP&E (Net)
Targa Resources PP&E (Net) History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest PP&E (Net)
$20.5B
FY2025
5-year range
$11.7B / $20.5B
FY2021-FY2025
Trend
+13.7%
vs FY2024
Sector context
#13 of 81
Energy
What the data says
Targa Resources's pp&e (net) of $20.5B is higher than 84% 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.
$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.
Energy sector context is included.
PP&E (Net) over time
Growth rates
- 3-Year CAGR
- +13.0%
- 5-Year CAGR
- +11.0%
- 10-Year CAGR
- -
Sector benchmark
Top 16% in EnergyTop 16% of 81This company $20.5B Sector average $12.7B
▼
+61.7% above sector average
Key checks
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 #13 out of 81 companies in the Energy sector.
Company context
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.
Annual data
| Year | PP&E (Net)Value | YoY GrowthYoY |
|---|---|---|
| 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 Jun 30, 2026