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Capex-to-Revenue measures a company's investments in physical assets such as property, industrial buildings or equipment to its revenue.
Targa Resources's Capital Expenditure for the three months ended in Sep. 2024 was $-828.80 Mil. Its Revenue for the three months ended in Sep. 2024 was $3,851.80 Mil.
Hence, Targa Resources's Capex-to-Revenue for the three months ended in Sep. 2024 was 0.22.
The historical data trend for Targa Resources's Capex-to-Revenue can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Targa Resources Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Capex-to-Revenue | Get a 7-Day Free Trial | 0.33 | 0.12 | 0.03 | 0.06 | 0.15 |
Targa Resources Quarterly Data | ||||||||||||||||||||
Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | |
Capex-to-Revenue | Get a 7-Day Free Trial | 0.15 | 0.17 | 0.15 | 0.21 | 0.22 |
For the Oil & Gas Midstream subindustry, Targa Resources's Capex-to-Revenue, along with its competitors' market caps and Capex-to-Revenue data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
For the Oil & Gas industry and Energy sector, Targa Resources's Capex-to-Revenue distribution charts can be found below:
* The bar in red indicates where Targa Resources's Capex-to-Revenue falls into.
Targa Resources's Capex-to-Revenue for the fiscal year that ended in Dec. 2023 is calculated as
Capex-to-Revenue | = | - Capital Expenditure | / | Revenue |
= | - (-2385.4) | / | 16060.3 | |
= | 0.15 |
Targa Resources's Capex-to-Revenue for the quarter that ended in Sep. 2024 is calculated as
Capex-to-Revenue | = | - Capital Expenditure | / | Revenue |
= | - (-828.8) | / | 3851.8 | |
= | 0.22 |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Targa Resources (NYSE:TRGP) Capex-to-Revenue Explanation
Capex-to-Revenue measures a company's investments in physical assets such as property, industrial buildings or equipment to its revenue. The ratio shows how aggressively the company reinvests its revenue back into productive assets. However, a high ratio potentially indicates that the company has invested too much in innovation and infrastructure, taking up funds that could be used to boost productivity and increase revenue. Therefore, a high Capex to Revenue Ratio could be a positive or a negative sign depending on how effectively a company converts those investments into future earnings.
Thank you for viewing the detailed overview of Targa Resources's Capex-to-Revenue provided by GuruFocus.com. Please click on the following links to see related term pages.
Robert Muraro | officer: See Remarks | 1000 LOUISIANA, SUITE 4300, HOUSTON TX 77002 |
Julie H. Boushka | officer: Senior VP and CAO | 811 LOUISIANA, SUITE 2100, HOUSTON TX 77002 |
Paul W Chung | officer: EVP, Gen. Counsel & Secretary | TARGA RESOURCES PARTNERS LP, 1000 LOUISIANA STREET, SUITE 4300, HOUSTON TX 77002 |
D. Scott Pryor | officer: See Remarks | 1000 LOUISIANA, SUITE 4300, HOUSTON TX 77002 |
Charles R Crisp | director | 1301 MCKINNEY STE 700, HOUSTON TX 77010 |
Joe Bob Perkins | director, officer: Chief Executive Officer | TARGA RESOURCES PARTNERS, LP, 1000 LOUISIANA ST., SUITE 4300, HOUSTON TX 77002 |
Davis Waters S Iv | director | 10200 ALLIANCE ROAD, SUITE 200, CINCINNATI OH 45242 |
Redd Ershel C Jr | director | C/O EL PASO ELECTRIC COMPANY, 100 N. STANTON, EL PASO TX 79901 |
Lindsey Cooksen | director | 811 LOUISIANA STREET, SUITE 2100, HOUSTON TX 77002 |
Jennifer R. Kneale | officer: Chief Financial Officer | 811 LOUISIANA STREET, SUITE 2100, HOUSTON TX 77002 |
G Clark White | officer: EVP - Engineering & Operations | 1000 LOUISIANA STREET, SUITE 4300, HOUSTON TX 77002 |
Regina Gregory | officer: See Remarks | 2013 CITYWEST BLVD, BUILDING 4 SUITE 800, HOUSTON TX 77042 |
Rene R Joyce | director | P.O. BOX 130430, HOUSTON TX 77219-0430 |
Patrick J. Mcdonie | officer: See Remarks | 110 W. 7TH STREET, SUITE 2300, TULSA OK 74119 |
Chris Tong | director | 600 E LAS COLINAS # 1100, IRVING TX 75019 |
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