Targa Resources (TRGP) Debt Ratio (2010 - 2026)
Targa Resources (TRGP) posted quarterly Debt Ratio of 0.7 for Q1 2026, down 0.85% year-over-year from 0.71 in Q1 2025, and up 6.28% quarter-over-quarter from 0.66 in Q4 2025.
Targa Resources (TRGP) Debt Ratio (2010 - 2026) Analysis & Trends
Targa Resources (TRGP) has reported Debt Ratio for 17 consecutive years, with 0.7 the latest figure, recorded in Q1 2026.
- In Q1 2026, Debt Ratio fell 0.85% year-over-year to 0.7; the TTM figure through Mar 2026 stood at 0.7 (down 0.85% YoY), while the FY2025 annual figure was 0.66, up 5.97% from the prior year.
- Debt Ratio grew to 0.7 in Q1 2026 per TRGP's latest filing, from 0.66 in the prior quarter.
- Across five years, Debt Ratio topped out at 4521.81 in Q1 2022 and bottomed at 0.59 in Q4 2022.
- Historically, Debt Ratio has averaged 278.28 across 5 years, with a median of 0.71 in 2025.
- On a YoY basis, Debt Ratio climbed as much as 10865.58% in 2022 and fell as far as 99.87% in 2022.
- Targa Resources' Debt Ratio stood at 0.59 in 2022, then increased by 5.87% to 0.62 in 2023, then decreased by 0.15% to 0.62 in 2024, then rose by 5.97% to 0.66 in 2025, then increased by 6.28% to 0.7 in 2026.
- Business Quant data shows TRGP's Debt Ratio at 0.7 in Q1 2026, 0.66 in Q4 2025, and 0.72 in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 112.69 Bn | 112.57 Bn | 3.07 Bn | 0.44 |
| 2 | Enbridge | 110.89 Bn | 109.40 Bn | 5.23 Bn | 0.48 |
| 3 | Enterprise Products Partners | 83.45 Bn | 82.54 Bn | - | 0.41 |
| 4 | Energy Transfer | 72.67 Bn | 71.64 Bn | 7.40 Bn | 0.46 |
| 5 | Tc Energy | 65.89 Bn | 58.33 Bn | 1.24 Bn | - |
| 6 | Oneok | 60.12 Bn | 59.96 Bn | 2.81 Bn | 0.48 |
| 7 | Mplx | 59.97 Bn | 58.94 Bn | 2.73 Bn | 0.60 |
| 8 | Targa Resources | 59.56 Bn | 59.43 Bn | 2.14 Bn | 0.69 |
| 9 | Cheniere Energy | 56.12 Bn | 54.86 Bn | 5.29 Bn | 0.50 |
| 10 | Venture Global | 34.39 Bn | 31.17 Bn | 2.92 Bn | 0.68 |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 0.69 |
| Mar 31, 2026 | 0.70 |
| Dec 31, 2025 | 0.66 |
| 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 | 0.62 |
| Sep 30, 2023 | 1.70 |
| Jun 30, 2023 | 51.18 |
| Mar 31, 2023 | 46.17 |
| Dec 31, 2022 | 0.59 |
| Sep 30, 2022 | 57.57 |
| Jun 30, 2022 | 45.10 |
| Mar 31, 2022 | 4,521.81 |
| Dec 31, 2021 | 471.23 |
| Sep 30, 2021 | 0.94 |