Targa Resources Inc (TRGP) — Cash Flow Reinvestment Rate
Targa Resources Inc (TRGP) has a Cash Flow Reinvestment Rate of 2.27x as of September 2025, reinvesting $1.36 Billion (capex $671.80 Million plus investments $-691.10 Million) from operating cash flow of $599.20 Million. Explore TRGP capex to operating cash flow ratio to see what proportion of operating cash flow is directed to capital expenditures.
Reinvestment Rate
Total Reinvested
Operating Cash Flow
Capital Expenditures
Targa Resources Inc Cash Flow Reinvestment Rate (2008–2024)
Historical reinvestment intensity for Targa Resources Inc across 17 annual periods. Also explore Targa Resources Inc (TRGP) total assets for the complete picture of this company's asset base.
Annual Cash Flow Reinvestment Rate for Targa Resources Inc (2008–2024)
Year-by-year capital reinvestment analysis for Targa Resources Inc. For live market cap and broader valuation context, see Targa Resources Inc (TRGP) total market value.
| Year | Reinvestment Rate | Total Reinvested (USD) | Operating CF | Capex | YoY Change |
|---|---|---|---|---|---|
| 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 | — |