Targa Resources Inc (TRGP) — Capital Reinvestment Ratio
Targa Resources Inc (TRGP) has a Capital Reinvestment Ratio of 0.70x as of June 2026, meaning it reinvests 1% of its operating cash flow ($1.44 Billion) in capital expenditures ($1.01 Billion). Check Targa Resources Inc tangible book value ratio to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Targa Resources Inc Capital Reinvestment Ratio (2008–2025)
This chart tracks Targa Resources Inc's Capital Reinvestment Ratio across 18 annual periods. For the full cash flow conversion analysis, see cash efficiency ratio of Targa Resources Inc.
Annual Capital Reinvestment Ratio for Targa Resources Inc (2008–2025)
Year-by-year Capital Reinvestment Ratio for Targa Resources Inc from 2008 to 2025. See cash generation quality of Targa Resources Inc to measure how efficiently the company converts operating cash flow to free cash.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.85x | $3.92 Billion | $3.33 Billion | ▲ +4.7% |
| 2024 | 0.81x | $3.65 Billion | $2.97 Billion | ▲ +9.4% |
| 2023 | 0.74x | $3.21 Billion | $2.39 Billion | ▲ +32.5% |
| 2022 | 0.56x | $2.38 Billion | $1.33 Billion | ▲ +155.5% |
| 2021 | 0.22x | $2.30 Billion | $505.10 Million | ▼ -59.8% |
| 2020 | 0.55x | $1.74 Billion | $951.60 Million | ▼ -73.7% |
| 2019 | 2.07x | $1.39 Billion | $2.88 Billion | ▼ -23.9% |
| 2018 | 2.72x | $1.14 Billion | $3.11 Billion | ▲ +97.1% |
| 2017 | 1.38x | $939.50 Million | $1.30 Billion | ▲ +105.7% |
| 2016 | 0.67x | $837.40 Million | $562.10 Million | ▼ -15.0% |
| 2015 | 0.79x | $1.03 Billion | $817.20 Million | ▼ -21.1% |
| 2014 | 1.00x | $761.80 Million | $762.20 Million | ▼ -62.2% |
| 2013 | 2.65x | $382.70 Million | $1.01 Billion | ▲ +94.6% |
| 2012 | 1.36x | $428.20 Million | $582.70 Million | ▲ +55.5% |
| 2011 | 0.88x | $379.30 Million | $331.90 Million | ▲ +31.0% |
| 2010 | 0.67x | $208.50 Million | $139.30 Million | ▲ +125.7% |
| 2009 | 0.30x | $335.80 Million | $99.40 Million | ▼ -12.6% |
| 2008 | 0.34x | $390.70 Million | $132.30 Million | — |