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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginFCF Payout RatioGross MarginInventory AverageInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on Sales

Targa Resources (TRGP) Debt to Equity (2016 - 2026)

Targa Resources has reported Debt to Equity over the past 14 years, most recently at $5.68 for Q4 2025.

  • Quarterly Debt to Equity rose 77.11% to $5.68 in Q4 2025 from the year-ago period, while the trailing twelve-month figure was $5.68 through Dec 2025, up 77.11% year-over-year, with the annual reading at $5.68 for FY2025, 77.11% up from the prior year.
  • Debt to Equity was $5.68 for Q4 2025 at Targa Resources, down from $6.44 in the prior quarter.
  • Over five years, Debt to Equity peaked at $6.44 in Q3 2025 and troughed at $1.26 in Q3 2021.
  • The 5-year median for Debt to Equity is $2.79 (2023), against an average of $3.08.
  • Year-over-year, Debt to Equity decreased 2.89% in 2021 and then skyrocketed 120.9% in 2025.
  • A 5-year view of Debt to Equity shows it stood at $1.27 in 2021, then skyrocketed by 81.76% to $2.32 in 2022, then grew by 21.35% to $2.81 in 2023, then increased by 14.17% to $3.21 in 2024, then soared by 77.11% to $5.68 in 2025.
  • Per Business Quant, the three most recent readings for TRGP's Debt to Equity are $5.68 (Q4 2025), $6.44 (Q3 2025), and $6.21 (Q2 2025).