Targa Resources (MEX:TRGP) Construction In Progress: MXN44,391 Mil (As of Mar. 2026)


MEX:TRGP Targa Resources Corp MEX:TRGP
74 GF Score
Price MXN3,775.00
GF Value MXN2,335.26
! 9 Warning Signs
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What is Targa Resources Construction In Progress?

Targa Resources MEX:TRGP 74 Construction In Progress is MXN44,391 Mil as of Mar. 2026. GuruFocus rates MEX:TRGP with a GF Score™ of 74/100 and a GF Value™ of MXN2,335.26. The stock has 9 warning signs investors should review.

Targa Resources's quarterly construction in progress increased from Sep. 2025 (MXN41,594 Mil) to Dec. 2025 (MXN50,504 Mil) but then declined from Dec. 2025 (MXN50,504 Mil) to Mar. 2026 (MXN44,391 Mil).

Targa Resources's annual construction in progress increased from Dec. 2023 (MXN24,716 Mil) to Dec. 2024 (MXN35,515 Mil) and increased from Dec. 2024 (MXN35,515 Mil) to Dec. 2025 (MXN50,504 Mil).

Targa Resources Construction In Progress Historical Data

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The historical data trend for Targa Resources's Construction In Progress 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 Construction In Progress Chart

Targa Resources Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Construction In Progress
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7,118.36 19,710.46 24,716.20 35,515.17 50,504.19

Targa Resources Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Construction In Progress 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 31,820.68 37,716.77 41,593.64 50,504.19 44,391.10
MEX:TRGP
74GF Score
Targa Resources Corp MEX:TRGP
Construction In Progress is just one metric. See GF Score™, valuation, warning signs, and more.
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Targa Resources Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

What does a Construction In Progress of MXN44,391 Mil mean?
Targa Resources (MEX:TRGP) has a Construction In Progress of MXN44,391 Mil as of Mar. 2026. Construction in Progress records the amount of construction work that is not complete. View historical data on Targa Resources and its competitors.
Is Targa Resources' Construction In Progress too high?
Targa Resources' current Construction In Progress is MXN44,391 Mil. Overall, Targa Resources has a GF Score™ of 74/100, reflecting its overall financial health beyond just this single metric.
How does Targa Resources' Construction In Progress compare to MPLX and OKE?
Targa Resources' Construction In Progress of MXN44,391 Mil can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Construction In Progress for an Oil & Gas company?
A good Construction In Progress depends on the Oil & Gas industry context. However, Construction In Progress should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Construction In Progress mean?
A high Construction In Progress can signal that a stock is expensive relative to its fundamentals. Construction in Progress records the amount of construction work that is not complete. View historical data on Targa Resources and its competitors. Targa Resources's current Construction In Progress is MXN44,391 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Targa Resources stock overvalued right now?
Targa Resources (MEX:TRGP) has a current Construction In Progress of MXN44,391 Mil. The stock's GF Value™ is MXN2,335.26, compared to a current price of MXN3,775.00 — trading 61.7% above its estimated fair value. The current Construction In Progress is MXN44,391 Mil. Targa Resources' overall GF Score™ is 74/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Construction In Progress calculated?
Construction In Progress is calculated from a company's financial statements. For Targa Resources (MEX:TRGP), the current Construction In Progress is MXN44,391 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Targa Resources (MEX:TRGP) Overvalued in 2026?

Based on GuruFocus' analysis, Targa Resources stock appears to be overvalued. The current stock price of MXN3,775.00 is trading 61.7% above its estimated GF Value™ of MXN2,335.26.

Key valuation signals for MEX:TRGP:

  • Construction In Progress: MXN44,391 Mil
  • GF Value™: MXN2,335.26 vs. price of MXN3,775.00 (61.7% above fair value)
  • GF Score™: 74/100 with 9 warning signs

No single metric tells the full story. See the MEX:TRGP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Targa Resources Business Description

Industry EnergyOil & Gas
Address 811 Louisiana Street, Suite 2100, Houston, TX, USA, 77002
Targa Resources Corp is a midstream firm that mainly 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. It has two operating segments: Gathering and Processing, and, Logistics and Transportation (also referred to as the Downstream Business).
74GF Score

Get the complete analysis for MEX:TRGP

Construction In Progress is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MXN3,775.00
Price
MXN2,335.26
GF Value