What is Targa Resources's PP&E (net)?

Targa Resources (TRGP) reported PP&E (net) of $21.77B in Q1 2026.

How has Targa Resources's PP&E (net) changed year-over-year?

Targa Resources's PP&E (net) increased by 18.3% year-over-year, from $18.41B to $21.77B.

What is the long-term trend for Targa Resources's PP&E (net)?

Over 5 years (2020 to 2025), Targa Resources's PP&E (net) has grown at a 11.0% compound annual growth rate (CAGR), from $12.17B to $20.53B.

What does PP&E (net) mean?

Total property, plant, and equipment minus accumulated depreciation — the net book value of all tangible long-lived assets.

Targa Resources TRGP PP&E (Net)

PP&E (Net) at other companies

OneokOKE

$48.3B+4.5%

Enterprise Products PartnersEPD

$51.73B+4.0%

Energy TransferET

$104.04B+9.2%

MTD

Matador ResourcesMTDR

$10.94B+9.2%

NextDecade CorporationNEXT

$11.66B+105%

Kinder MorganKMI

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Other financials

Income statement

See full

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

See full

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

See full

Operating cash flow$739.5M-22.5%

CapEx$899.5M+13.5%

Free cash flow-$160.0M-199%

Valuation

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Market cap$58.51B+60.8%

Enterprise value$58.76B+60.6%

P/E27.4×+5.2×

P/S3.5×+1.4×

Profitability

See full

Gross margin41.8%+7.3pp

Operating margin21.9%+6.1pp

Net margin12.9%+4.9pp

FCF margin4.8%-3.1pp

Returns & leverage

See full

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:PropertyPlantAndEquipmentNet.

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 PP&E (net)?: Targa Resources (TRGP) reported PP&E (net) of $21.77B in Q1 2026.
How has Targa Resources's PP&E (net) changed year-over-year?: Targa Resources's PP&E (net) increased by 18.3% year-over-year, from $18.41B to $21.77B.
What is the long-term trend for Targa Resources's PP&E (net)?: Over 5 years (2020 to 2025), Targa Resources's PP&E (net) has grown at a 11.0% compound annual growth rate (CAGR), from $12.17B to $20.53B.
What does PP&E (net) mean?: Total property, plant, and equipment minus accumulated depreciation — the net book value of all tangible long-lived assets.