Targa Resources Inc Capital Reinvestment Ratio
Targa Resources Inc 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). See TRGP free cash flow generation to measure how efficiently the company converts operating cash flow to free cash.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Capital Reinvestment Ratio of Targa Resources Inc (2008–2025)
Capital reinvestment ratio of Targa Resources Inc from 2008 to 2025. This chart tracks Targa Resources Inc's Capital Reinvestment Ratio across 18 annual periods. See financial agility of Targa Resources Inc to measure the company's free cash flow as a share of total liabilities.
Targa Resources Inc Capital Reinvestment Ratio by Year (2008–2025)
Targa Resources Inc capital reinvestment ratio by year from 2008 to 2025. For the full cash flow conversion analysis, see Targa Resources Inc cash flow conversion.
| 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 | — |