Targa Resources (TRGP) Debt Ratio (2010 - 2026)
Targa Resources' (TRGP) Debt Ratio was 0.69 for Q2 2026, down 4.2% from 0.72 a year earlier and down 2.7% from the prior quarter.
Powered by 
Analysis
Targa Resources (TRGP) Debt Ratio (2010 - 2026) Analysis & Trends
Dating back to Q4 2010, Targa Resources' Debt Ratio record includes 62 quarters.
- By year, Debt Ratio came in at 0.62 in FY2024 (-0.5%), 0.63 in FY2023 (+6.2%), 0.59 in FY2022 (+36.0%) and 0.43 in FY2021 (-11.2%).
- The Q2 2026 figure ranks as the lowest quarterly Debt Ratio since Q4 2024.
- Year over year, Debt Ratio gained in five of the last eight quarters, with growth averaging 5.5%.
- The high point for year-over-year Debt Ratio in five years was Q4 2022 (growth of 36.0%); the low point was Q3 2021 (a decline of 13.8%).
- Per Business Quant data, the three quarters before Q2 2026 came in at 0.71 (Q1 2026), 0.69 (Q4 2025) and 0.72 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 102.52 Bn | 100.06 Bn | 4.84 Bn | 0.48 |
| 2 | Enterprise Products Partners | 79.27 Bn | 77.71 Bn | - | 0.41 |
| 3 | Energy Transfer | 69.21 Bn | 62.65 Bn | 7.40 Bn | 0.46 |
| 4 | Kinder Morgan | 68.17 Bn | 69.12 Bn | 3.07 Bn | 0.44 |
| 5 | Tc Energy | 61.09 Bn | 64.16 Bn | 2.81 Bn | - |
| 6 | Targa Resources | 59.48 Bn | 59.10 Bn | 2.14 Bn | 0.69 |
| 7 | Mplx | 58.45 Bn | 52.01 Bn | 2.91 Bn | 0.60 |
| 8 | Oneok | 55.88 Bn | 54.37 Bn | 2.81 Bn | 0.48 |
| 9 | Cheniere Energy | 55.70 Bn | 55.83 Bn | 5.29 Bn | 0.50 |
| 10 | Venture Global | 32.11 Bn | 26.66 Bn | 2.92 Bn | 0.68 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.69 |
| Mar 31, 2026 | 0.71 |
| Dec 31, 2025 | 0.69 |
| Sep 30, 2025 | 0.72 |
| Jun 30, 2025 | 0.72 |
| Mar 31, 2025 | 0.71 |
| Dec 31, 2024 | 0.62 |
| Sep 30, 2024 | 0.65 |
| Jun 30, 2024 | 0.64 |
| Mar 31, 2024 | 0.63 |
| Dec 31, 2023 | 0.63 |
| Sep 30, 2023 | 0.64 |
| Jun 30, 2023 | 0.64 |
| Mar 31, 2023 | 0.64 |
| Dec 31, 2022 | 0.59 |
| Sep 30, 2022 | 0.58 |
| Jun 30, 2022 | 0.49 |
| Mar 31, 2022 | 0.47 |
| Dec 31, 2021 | 0.43 |
| Sep 30, 2021 | 0.42 |
API Access
Targa Resources Debt Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=debt-ratio&ticker=TRGP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "debt-ratio", "ticker": "TRGP", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=debt-ratio&ticker=TRGP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();