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Targa Resources Corp., together with its subsidiary, Targa Resources Partners LP, owns, operates, acquires, and develops a portfolio of complementary domestic infrastructure assets in North America. I...
The following section summarizes insights on Targa Resources Inc's Capital Expenditures:
We've identified the following companies as similar to Targa Resources Inc because they operate in a related industry or sector. We also considered size, growth, and various financial metrics to narrow down the list to the ones listed below.
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Metrics similar to Capital Expenditures in the financials category include:
The overall change in capital expenditures and sales of plant, property and equipment. This field is used if a company does not report separately sale...
Capital expenditures or CAPEX represents spending on assets that are enjoyed over a long period of time. Common examples of capital expenditures include office buildings, machines, and vehicles.
Capital expenditures can be found on a company’s cash flow statement under “Investing Activities” and increases fixed assets located on the Balance Sheet
Targa Resources reported capital expenditures of 2.966 B for the latest twelve months ending December 31, 2024 on its income statement.
The tables below summarizes Targa Resources’s capital expenditures and common size over the last five years:
| Fiscal Year | Capital Expenditures | Revenue | % Revenue |
|---|---|---|---|
| 2020-12-31 | 951.6 M | 8.26 B | 11.5% |
| 2021-12-31 | 505.1 M | 16.95 B | 3.0% |
| 2022-12-31 | 1.334 B | 20.93 B | 6.4% |
| 2023-12-31 | 2.385 B | 16.06 B | 14.9% |
| 2024-12-31 | 2.966 B | 16.381 B | 18.1% |
The tables below summarizes Targa Resources’s capital expenditures and common size over the last four quarters:
| Quarter Ending | Capital Expenditures | Revenue | % Revenue |
|---|---|---|---|
| 2024-03-31 | 669.8 M | 4.562 B | 14.7% |
| 2024-06-30 | 740.3 M | 3.562 B | 20.8% |
| 2024-09-30 | 828.8 M | 3.852 B | 21.5% |
| 2024-12-31 | 726.9 M | 4.405 B | 16.5% |
The chart above depicts the distribution of capital expenditures for companies operating in the Energy sector in the Developed economic region. Over 770 companies were considered in this analysis, and 746 had meaningful values. The average capital expenditures of companies in the sector is 274.8 M with a standard deviation of 734.3 M.
Targa Resources Inc's Capital Expenditures of 2.966 B ranks in the 96.9% percentile for the sector. The following table provides additional summary stats:
| Economic Risk Region | Developed |
| Total Constituents | 778 |
| Included Constituents | 746 |
| Min | 1 K |
| Max | 4.946 B |
| Median | 17.154 M |
| Mean | 274.8 M |
| Standard Deviation | 734.3 M |
You can find companies with similar capital expenditures using this stock screener.