Targa Resources Corp.
Close on Nov 2, 2026Market cap $63.20BP/E 28.1Yield 1.27%
Targa Resources Property, Plant & Equipment (PP&E) by Year
Property, Plant & Equipment (PP&E) — Total Gross Carrying Value ($M)
Targa Resources Property, Plant & Equipment (PP&E): $33,201M in FY2025, up 12.3% from a year earlier.
Where the FY2025 figure comes from
“|| Property, plant and equipment | 36,389.4 | 33,201.1”
Gross carrying value of midstream infrastructure assets by functional category.
Annual history
Hover a value to see the sentence it was read from; calculated values show their formula
| Period | Ended | Property, Plant & Equipment (PP&E) — Total Gross Carrying Value ($M) | Year on year | Source |
|---|---|---|---|---|
| FY2025 | Dec 31, 2025 | 33,201 | +12.3% | Q2 2026 Form 10-Q (2026-08-06) ↗ |
| FY2024 | Dec 31, 2024 | 29,559 | +12.5% | Q3 2025 Form 10-Q (2025-11-05) ↗ |
| FY2023 | Dec 31, 2023 | 26,265 | +9.8% | Q3 2024 Form 10-Q (2024-11-05) ↗ |
| FY2022 | Dec 31, 2022 | 23,913 | +16.1% | Q3 2023 Form 10-Q (2023-11-02) ↗ |
| FY2021 | Dec 31, 2021 | 20,596 | +2.0% | Q3 2022 Form 10-Q (2022-11-03) ↗ |
| FY2020 | Dec 31, 2020 | 20,185 | +1.6% | Q3 2021 Form 10-Q (2021-11-04) ↗ |
| FY2019 | 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 Systems12,431 · FY2025
- PP&E Gross — Processing and Fractionation Facilities10,477 · FY2025
- PP&E Gross — Transportation Assets (NGL Pipelines)4,536 · FY2025
- PP&E Gross — Terminaling and Natural Gas Liquids Storage Facilities1,648 · FY2025
- PP&E Gross — Construction in Progress (Active Growth Capex Backlog)2,805 · FY2025
- PP&E Gross — Finance Lease Right-of-Use Assets507 · FY2025
- PP&E Gross — Other Property & Equipment587 · FY2025
- PP&E Gross — Land209 · FY2025
- PP&E — Accumulated Depreciation, Amortization & Impairment12,666 · FY2025
- Property, Plant & Equipment (PP&E) — Net Carrying Value20,535 · FY2025
Cite this data
StockData. (2026). Targa Resources Property, Plant & Equipment (PP&E) ($M), annual FY2019–FY2025 [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.