Targa Resources (TRGP) Debt Ratio (2010 - 2026)
Targa Resources' (TRGP) quarterly Debt Ratio came in at 0.7 in Q1 2026, down 0.85% year-on-year from 0.71 in Q1 2025, and up 6.28% on a QoQ basis from 0.66 in Q4 2025.
Targa Resources (TRGP) Debt Ratio (2010 - 2026) Analysis & Trends
Targa Resources (TRGP) has 17 years of Debt Ratio data on file, last reported at 0.7 in Q1 2026.
- On a quarterly basis, Debt Ratio fell 0.85% year-over-year to 0.7 in Q1 2026; TTM through Mar 2026 was 0.7, a 0.85% decrease from a year earlier, with the FY2025 full-year figure at 0.66, up 5.97% from the prior year.
- Debt Ratio for Q1 2026 stood at 0.7, up from 0.66 in the prior quarter.
- Over the last five years, Debt Ratio for TRGP reached as high as 4521.81 in Q1 2022 and fell as low as 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.
- Year by year, Debt Ratio stood at 0.59 in 2022, then gained by 5.87% to 0.62 in 2023, then dropped by 0.15% to 0.62 in 2024, then advanced by 5.97% to 0.66 in 2025, then gained by 6.28% to 0.7 in 2026.
- Per Business Quant data, the three most recent Debt Ratio figures were 0.7 in Q1 2026, 0.66 in Q4 2025, and 0.72 in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | DHT Holdings | 2,706.13 Bn | 2,706.00 Bn | 167.16 Mn | 0.06 |
| 2 | Flex LNG | 1,674.16 Bn | 1,673.77 Bn | 61.79 Mn | 0.70 |
| 3 | Kinder Morgan | 112.74 Bn | 113.82 Bn | 3.07 Bn | 0.44 |
| 4 | Enbridge | 89.82 Bn | 89.03 Bn | 6.70 Bn | 0.47 |
| 5 | Enterprise Products Partners | 83.97 Bn | 82.82 Bn | - | 0.42 |
| 6 | Tc Energy | 72.76 Bn | 73.95 Bn | 1.36 Bn | 0.39 |
| 7 | Energy Transfer | 70.27 Bn | 69.30 Bn | 6.62 Bn | 0.47 |
| 8 | Targa Resources | 61.30 Bn | 61.34 Bn | 1.70 Bn | 0.70 |
| 9 | Oneok | 61.15 Bn | 61.02 Bn | 8.98 Bn | 0.49 |
| 10 | Mplx | 58.39 Bn | 56.89 Bn | 1.95 Bn | 0.60 |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Jun 30, 2021 | 37.99 |