Targa Resources Inc (TRGP) — Capital Reinvestment Ratio
Latest as of September 2025:
1.12x
Targa Resources Inc (TRGP) has a Capital Reinvestment Ratio of 1.12x as of September 2025, meaning it reinvests 1% of its operating cash flow ($599.20 Million) in capital expenditures ($671.80 Million). See Targa Resources Inc (TRGP) free cash flow to measure how efficiently the company converts operating cash flow to free cash.
Capital Reinvestment Ratio
1.12x
Capex / Operating Cash Flow
Operating Cash Flow
$599.20 Million
USD
Capital Expenditures
$671.80 Million
USD
Data as of
Sep 2025
Most recent filing
Targa Resources Inc Capital Reinvestment Ratio (2008–2024)
This chart tracks Targa Resources Inc's Capital Reinvestment Ratio across 17 annual periods.
Annual Capital Reinvestment Ratio for Targa Resources Inc (2008–2024)
Year-by-year Capital Reinvestment Ratio for Targa Resources Inc from 2008 to 2024. For live market cap and broader valuation context, see TRGP company net worth.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 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 | — |
Capital Reinvestment Ratio = ABS(Capital Expenditures) / Operating Cash Flow