Targa Resources Inc (TRGP) — Capital Reinvestment Ratio
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 balance sheet independence to measure how much of total assets are equity-financed.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Targa Resources Inc Capital Reinvestment Ratio (2008–2024)
This chart tracks Targa Resources Inc's Capital Reinvestment Ratio across 17 annual periods. Check Targa Resources Inc total reinvestment intensity to assess the company's total reinvestment commitment from operating cash flow.
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 Targa Resources Inc market cap and 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 | — |