Investing
CapEx
Targa Resources CapEx remained flat by 0.0% to $899.50M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 13.5%, from $792.20M to $899.50M.
Analysis
StatementCash Flow Statement
SectionInvesting
CategoryGrowth
SignalContext dependent
VolatilityModerate
First reportedQ1 2013
Last reportedQ1 2026
How to read this metric
An increase signals growth investment or infrastructure modernization; a decrease might suggest cost-cutting or a transition to an asset-light model.
Detailed definition
Funds used by a company to acquire, upgrade, and maintain physical assets such as property, plants, buildings, technolog...
Peer comparison
Hardware-focused tech firms typically have higher CapEx relative to revenue than pure software companies due to manufacturing and supply chain needs.
Metric ID:
capital_expendituresHistorical Data
40 periods
| Q2 '21 | Q2 '21 | Q3 '21 | Q3 '21 | Q4 '21 | Q4 '21 | Q1 '22 | Q1 '22 | Q2 '22 | Q2 '22 | Q3 '22 | Q3 '22 | Q4 '22 | Q4 '22 | Q1 '23 | Q1 '23 | Q2 '23 | Q2 '23 | Q3 '23 | Q3 '23 | Q4 '23 | Q4 '23 | Q1 '24 | Q1 '24 | Q2 '24 | Q2 '24 | Q3 '24 | Q3 '24 | Q4 '24 | Q4 '24 | Q1 '25 | Q1 '25 | Q2 '25 | Q2 '25 | Q3 '25 | Q3 '25 | Q4 '25 | Q4 '25 | Q1 '26 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $102.70M | $102.70M | $122.70M | $122.70M | $183.50M | $183.50M | $204.40M | $204.40M | $215.10M | $215.10M | $395.90M | $395.90M | $518.90M | $518.90M | $475.70M | $475.70M | $598.00M | $598.00M | $591.70M | $591.70M | $720.00M | $720.00M | $669.80M | $669.80M | $740.30M | $740.30M | $828.80M | $828.80M | $726.90M | $726.90M | $792.20M | $792.20M | $906.10M | $906.10M | $671.80M | $671.80M | $963.20M | $963.20M | $899.50M | $899.50M |
| QoQ Change | — | +0.0% | +19.5% | +0.0% | +49.6% | +0.0% | +11.4% | +0.0% | +5.2% | +0.0% | +84.1% | +0.0% | +31.1% | +0.0% | -8.3% | +0.0% | +25.7% | +0.0% | -1.1% | +0.0% | +21.7% | +0.0% | -7.0% | +0.0% | +10.5% | +0.0% | +12.0% | +0.0% | -12.3% | +0.0% | +9.0% | +0.0% | +14.4% | +0.0% | -25.9% | +0.0% | +43.4% | +0.0% | -6.6% | +0.0% |
| YoY Change | — | — | — | — | — | — | — | — | +109.4% | +109.4% | +222.7% | +222.7% | +182.8% | +182.8% | +132.7% | +132.7% | +178.0% | +178.0% | +49.5% | +49.5% | +38.8% | +38.8% | +40.8% | +40.8% | +23.8% | +23.8% | +40.1% | +40.1% | +1.0% | +1.0% | +18.3% | +18.3% | +22.4% | +22.4% | -18.9% | -18.9% | +32.5% | +32.5% | +13.5% | +13.5% |
Range$102.70M – $963.20M
CAGR+24.9%
Avg YoY Growth+68.0%
Median YoY Growth+39.4%
CapEx at Other Companies
Frequently Asked Questions
- What is Targa Resources's capex?
- Targa Resources (TRGP) reported capex of $899.50M in Q1 2026.
- How has Targa Resources's capex changed year-over-year?
- Targa Resources's capex increased by 13.5% year-over-year, from $792.20M to $899.50M.
- What does capex mean?
- The money spent on long-term physical assets like machinery, data centers, and office buildings.