TRGP · 10-Q · 2026Q3 · Full report

Capital Expenditure Program

Targa Resources Corp. · 2026-11-05 · Importance 76 · Surprise 56 · Matches filing data

Capital expenditures for the nine months ended September 30, 2026 were $3,355.0 million, up 41.4% from $2,372.4 million in the prior-year period. Gathering and Processing accounted for $2,079.6 million, compared with $1,447.2 million, while Logistics and Transportation spending was $1,250.2 million, compared with $899.4 million. Third-quarter capital expenditures increased to $1,242.3 million from $861.6 million, with $786.7 million in Gathering and Processing and $451.4 million in Logistics and Transportation.

Key facts

For the nine months ended September 30, 2026, Targa had $1,266.3 million of outlays for business acquisitions, net of cash acquired. source
Targa capitalized $96.8 million of interest on major projects, including investments in unconsolidated affiliates, during the nine months ended September 30, 2026. source

Impact estimates

metric	direction	stage	expected	basis
cash	negative	realized	-4.3%	For the nine months ended September 30, 2026, Targa had $1,266.3 million of outlays for business acquisitions, net of cash acquired.