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
DateValue
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