What is Targa Resources's capex?

Targa Resources (TRGP) reported capex of $899.5M 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 $792.2M to $899.5M.

What is the long-term trend for Targa Resources's capex?

Over 4 years (2021 to 2025), Targa Resources's capex has grown at a 60.3% compound annual growth rate (CAGR), from $505.1M to $3.33B.

What does capex mean?

Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.

Targa Resources TRGP CapEx

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——

Other financials

Income statement

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Revenue$4.1B-10.2%

Gross profit$1.7B+30.4%

Operating income$846.9M+55.9%

Net income$479.6M+77.3%

EPS (diluted)$2.21+143%

Balance sheet

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Cash & equivalents$100.1M-33.9%

Total debt$346.5M+17.0%

Total equity$3.1B+27.9%

Total assets$27.1B+18.9%

Cash flow

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Operating cash flow$739.5M-22.5%

Free cash flow-$160.0M-199%

Valuation

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Market cap$58.69B+58.5%

Enterprise value$58.94B+58.6%

P/E27.5×-0.8×

P/S3.5×+1.3×

Profitability

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Gross margin41.8%+7.3pp

Operating margin21.9%+6.1pp

Net margin12.9%+4.9pp

FCF margin4.8%-3.1pp

Returns & leverage

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Return on equity76.3%+25.6pp

Debt / equity0.1×0.0×

Current ratio0.7×+0.1×

Where this comes from

Reported directly by Targa Resources in its filing.

Tagged under the XBRL concept us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

The official record: Targa Resources’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Targa Resources's capex?: Targa Resources (TRGP) reported capex of $899.5M 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 $792.2M to $899.5M.
What is the long-term trend for Targa Resources's capex?: Over 4 years (2021 to 2025), Targa Resources's capex has grown at a 60.3% compound annual growth rate (CAGR), from $505.1M to $3.33B.
What does capex mean?: Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.