Targa Resources Corp.
Close on Nov 2, 2026Market cap $63.20BP/E 28.1Yield 1.27%
Targa Resources Property, Plant & Equipment (PP&E) by Quarter
Property, Plant & Equipment (PP&E) — Total Gross Carrying Value ($M)
Targa Resources Property, Plant & Equipment (PP&E): $36,389M in Q2 2026, up 17.0% from a year earlier. That is the highest of the 24 quarters on record here.
Where the Q2 2026 figure comes from
“|| Property, plant and equipment | 36,389.4 | 33,201.1”
Gross carrying value of midstream infrastructure assets by functional category.
Quarterly history
Hover a value to see the sentence it was read from; calculated values show their formula
| Period | Ended | Property, Plant & Equipment (PP&E) — Total Gross Carrying Value ($M) | Year on year | Source |
|---|---|---|---|---|
| Q2 2026 | Jun 30, 2026 | 36,389 | +17.0% | Q2 2026 Form 10-Q (2026-08-06) ↗ |
| Q1 2026 | Mar 31, 2026 | 34,751 | +15.1% | Q1 2026 Form 10-Q (2026-05-07) ↗ |
| Q4 2025 | Dec 31, 2025 | 33,201 | +12.3% | Q2 2026 Form 10-Q (2026-08-06) ↗ |
| Q3 2025 | Sep 30, 2025 | 31,974 | +11.7% | Q3 2025 Form 10-Q (2025-11-05) ↗ |
| Q2 2025 | Jun 30, 2025 | 31,089 | +11.7% | Q2 2025 Form 10-Q (2025-08-07) ↗ |
| Q1 2025 | Mar 31, 2025 | 30,181 | +11.8% | Q1 2025 Form 10-Q (2025-05-01) ↗ |
| Q4 2024 | Dec 31, 2024 | 29,559 | +12.5% | Q3 2025 Form 10-Q (2025-11-05) ↗ |
| Q3 2024 | Sep 30, 2024 | 28,632 | +12.0% | Q3 2024 Form 10-Q (2024-11-05) ↗ |
| Q2 2024 | Jun 30, 2024 | 27,843 | +11.3% | Q2 2024 Form 10-Q (2024-08-01) ↗ |
| Q1 2024 | Mar 31, 2024 | 26,984 | +10.7% | Q1 2024 Form 10-Q (2024-05-02) ↗ |
| Q4 2023 | Dec 31, 2023 | 26,265 | +9.8% | Q3 2024 Form 10-Q (2024-11-05) ↗ |
| Q3 2023 | Sep 30, 2023 | 25,574 | +10.0% | Q3 2023 Form 10-Q (2023-11-02) ↗ |
| Q2 2023 | Jun 30, 2023 | 25,006 | +17.8% | Q2 2023 Form 10-Q (2023-08-03) ↗ |
| Q1 2023 | Mar 31, 2023 | 24,382 | +17.5% | Q1 2023 Form 10-Q (2023-05-04) ↗ |
| Q4 2022 | Dec 31, 2022 | 23,913 | +16.1% | Q3 2023 Form 10-Q (2023-11-02) ↗ |
| Q3 2022 | Sep 30, 2022 | 23,259 | +13.9% | Q3 2022 Form 10-Q (2022-11-03) ↗ |
| Q2 2022 | Jun 30, 2022 | 21,220 | +4.5% | Q2 2022 Form 10-Q (2022-08-04) ↗ |
| Q1 2022 | Mar 31, 2022 | 20,757 | +2.6% | Q1 2022 Form 10-Q (2022-05-05) ↗ |
| Q4 2021 | Dec 31, 2021 | 20,596 | +2.0% | Q3 2022 Form 10-Q (2022-11-03) ↗ |
| Q3 2021 | Sep 30, 2021 | 20,421 | – | Q3 2021 Form 10-Q (2021-11-04) ↗ |
| Q2 2021 | Jun 30, 2021 | 20,313 | – | Q2 2021 Form 10-Q (2021-08-05) ↗ |
| Q1 2021 | Mar 31, 2021 | 20,239 | – | Q1 2021 Form 10-Q (2021-05-06) ↗ |
| Q4 2020 | Dec 31, 2020 | 20,185 | +1.6% | Q3 2021 Form 10-Q (2021-11-04) ↗ |
| Q4 2019 | Dec 31, 2019 | 19,877 | – | FY2020 Form 10-K (2021-02-18) ↗ |
Breakdown
What makes up property, Plant & Equipment (PP&E)
- PP&E Gross — Gathering Systems13,090 · Q2 2026
- PP&E Gross — Processing and Fractionation Facilities11,866 · Q2 2026
- PP&E Gross — Transportation Assets (NGL Pipelines)5,037 · Q2 2026
- PP&E Gross — Terminaling and Natural Gas Liquids Storage Facilities1,717 · Q2 2026
- PP&E Gross — Construction in Progress (Active Growth Capex Backlog)2,816 · Q2 2026
- PP&E Gross — Finance Lease Right-of-Use Assets991 · Q2 2026
- PP&E Gross — Other Property & Equipment650 · Q2 2026
- PP&E Gross — Land222 · Q2 2026
- PP&E — Accumulated Depreciation, Amortization & Impairment13,327 · Q2 2026
- Property, Plant & Equipment (PP&E) — Net Carrying Value23,063 · Q2 2026
Cite this data
StockData. (2026). Targa Resources Property, Plant & Equipment (PP&E) ($M), quarterly Q4 2019–Q2 2026 [Data set]. Compiled from Targa Resources SEC filings and investor materials. https://stockdatahq.com/stocks/trgp/kpis/ppe-total-gross
See every metric in the Targa Resources KPI table. Data updated Nov 3, 2026.