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. Check TRGP cash flow quality score to evaluate the quality of earnings relative to operating cash generation.
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. Explore investment intensity of Targa Resources Inc to see how much of total assets are deployed in long-term investments.
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 market value of Targa Resources Inc.
| 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 | — |