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TRGP (Targa Resources) Capex-to-Revenue : 0.22 (As of Sep. 2024)


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What is Targa Resources Capex-to-Revenue?

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.


Targa Resources Capex-to-Revenue Historical Data

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.

* Premium members only.

Targa Resources Capex-to-Revenue Chart

Targa Resources Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Capex-to-Revenue
Get a 7-Day Free Trial Premium Member Only Premium Member Only 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.15 0.17 0.15 0.21 0.22

Competitive Comparison of Targa Resources's Capex-to-Revenue

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.


Targa Resources's Capex-to-Revenue Distribution in the Oil & Gas Industry

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 Capex-to-Revenue Calculation

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.


Targa Resources Capex-to-Revenue Related Terms

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Targa Resources Business Description

Traded in Other Exchanges
Address
811 Louisiana Street, Suite 2100, Houston, TX, USA, 77002
Targa Resources is a midstream firm that primarily operates gathering and processing assets with substantial positions in the Permian, Stack, Scoop, and Bakken plays. It has fractionation capacity at Mont Belvieu and operates a liquefied petroleum gas export terminal. The Grand Prix natural gas liquids pipeline is another important asset.
Executives
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