Targa Resources Inc (TRGP) — Cash Flow Reinvestment Rate
Targa Resources Inc (TRGP) has a Cash Flow Reinvestment Rate of 0.70x as of June 2026, reinvesting $1.01 Billion (capex $1.01 Billion ) from operating cash flow of $1.44 Billion. See TRGP FCF generation index to measure how efficiently the company converts operating cash flow to free cash.
Reinvestment Rate
Total Reinvested
Operating Cash Flow
Capital Expenditures
Targa Resources Inc Cash Flow Reinvestment Rate (2008–2025)
Historical reinvestment intensity for Targa Resources Inc across 18 annual periods. For the full cash flow conversion analysis, see TRGP cash generation efficiency.
Annual Cash Flow Reinvestment Rate for Targa Resources Inc (2008–2025)
Year-by-year capital reinvestment analysis for Targa Resources Inc. See Targa Resources Inc free cash flow to debt ratio to measure the company's free cash flow as a share of total liabilities.
| Year | Reinvestment Rate | Total Reinvested (USD) | Operating CF | Capex | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.85x | $3.33 Billion | $3.92 Billion | $3.33 Billion | ▼ -48.1% |
| 2024 | 1.64x | $5.99 Billion | $3.65 Billion | $2.97 Billion | ▲ +15.5% |
| 2023 | 1.42x | $4.56 Billion | $3.21 Billion | $2.39 Billion | ▲ +53.2% |
| 2022 | 0.93x | $2.21 Billion | $2.38 Billion | $1.33 Billion | ▲ +306.8% |
| 2021 | 0.23x | $524.70 Million | $2.30 Billion | $505.10 Million | ▼ -58.7% |
| 2020 | 0.55x | $962.10 Million | $1.74 Billion | $951.60 Million | ▼ -75.0% |
| 2019 | 2.21x | $3.07 Billion | $1.39 Billion | $2.88 Billion | ▼ -25.5% |
| 2018 | 2.96x | $3.39 Billion | $1.14 Billion | $3.11 Billion | ▼ -12.7% |
| 2017 | 3.40x | $3.19 Billion | $939.50 Million | $1.30 Billion | ▲ +153.7% |
| 2016 | 1.34x | $1.12 Billion | $837.40 Million | $562.10 Million | ▲ +67.3% |
| 2015 | 0.80x | $827.70 Million | $1.03 Billion | $817.20 Million | ▼ -20.6% |
| 2014 | 1.01x | $767.90 Million | $761.80 Million | $762.20 Million | ▼ -61.9% |
| 2013 | 2.65x | $1.01 Billion | $382.70 Million | $1.01 Billion | ▲ +89.2% |
| 2012 | 1.40x | $599.50 Million | $428.20 Million | $582.70 Million | ▲ +60.0% |
| 2011 | 0.88x | $331.90 Million | $379.30 Million | $331.90 Million | ▲ +31.0% |
| 2010 | 0.67x | $139.30 Million | $208.50 Million | $139.30 Million | ▲ +125.7% |
| 2009 | 0.30x | $99.40 Million | $335.80 Million | $99.40 Million | ▼ -12.6% |
| 2008 | 0.34x | $132.30 Million | $390.70 Million | $132.30 Million | — |