Targa Resources (TRGP) Debt to Equity (2010 - 2026)

Targa Resources' Debt to Equity history runs 17 years deep, the most recent figure standing at $5.85 for Q1 2026.

• In Q1 2026, Debt to Equity fell 7.11% year-over-year to $5.85; the TTM figure through Mar 2026 stood at $5.85 (down 7.11% YoY), while the FY2025 annual figure was $5.45, up 69.9% from the prior year.
• Debt to Equity came in at $5.85 for Q1 2026 at Targa Resources, up from $5.45 in the prior quarter.
• Over five years, Debt to Equity peaked at $6.44 in Q3 2025 and troughed at $1.7 in Q2 2022.
• The 5-year median for Debt to Equity is $2.95 (2023), against an average of $3.65.
• The widest annual swing landed in 2025, when Debt to Equity surged 120.9%; it then declined 7.11% in 2026.
• A 5-year view of Debt to Equity shows it stood at $2.32 in 2022, then increased by 21.35% to $2.81 in 2023, then rose by 14.17% to $3.21 in 2024, then jumped by 69.9% to $5.45 in 2025, then climbed by 7.37% to $5.85 in 2026.
• Per Business Quant data, the three most recent Debt to Equity figures were $5.85 in Q1 2026, $5.45 in Q4 2025, and $6.44 in Q3 2025.