Targa Resources (TRGP) Debt to Equity (2010 - 2026)
Targa Resources (TRGP) reported Debt to Equity of $5.85 for Q1 2026, down 7.11% year-over-year from $6.3 in Q1 2025, and up 7.37% quarter-over-quarter from $5.45 in Q4 2025.
Targa Resources (TRGP) Debt to Equity (2010 - 2026) Analysis & Trends
Targa Resources (TRGP) has 17 years of Debt to Equity data on file, last reported at $5.85 in Q1 2026.
- Debt to Equity for Q1 2026 came in at $5.85, down 7.11% year-over-year; the trailing twelve-month figure through Mar 2026 was $5.85 (down 7.11% YoY), and the FY2025 annual result was $5.45, up 69.9% from the prior year.
- Debt to Equity improved to $5.85 in Q1 2026 per TRGP's latest filing, 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.
- A 5-year average of $3.65 and a median of $2.95 in 2023 frame the typical range for Debt to Equity.
- The sharpest annual moves came in 2025 and 2026: Debt to Equity jumped 120.9% in 2025, then dropped 7.11% in 2026.
- A 5-year view of Debt to Equity shows it stood at $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 69.9% to $5.45 in 2025, then advanced by 7.37% to $5.85 in 2026.
- Business Quant data shows TRGP's Debt to Equity at $5.85 in Q1 2026, $5.45 in Q4 2025, and $6.44 in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt/Equity (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 88.33 Bn | 89.03 Bn | 6.70 Bn | 1.66 |
| 2 | Enterprise Products Partners | 80.83 Bn | 79.68 Bn | - | 1.12 |
| 3 | Kinder Morgan | 69.66 Bn | 70.75 Bn | 3.08 Bn | 1.02 |
| 4 | Energy Transfer | 65.60 Bn | 64.88 Bn | 6.62 Bn | 2.01 |
| 5 | Scorpio Tankers | 59.17 Bn | 58.19 Bn | - | - |
| 6 | Mplx | 57.43 Bn | 55.92 Bn | 2.54 Bn | 1.79 |
| 7 | Targa Resources | 56.68 Bn | 56.71 Bn | 1.70 Bn | 5.85 |
| 8 | Oneok | 55.34 Bn | 55.21 Bn | 2.57 Bn | 1.43 |
| 9 | Tc Energy | 50.79 Bn | 51.99 Bn | 2.95 Bn | 1.71 |
| 10 | Cheniere Energy | 50.33 Bn | 52.53 Bn | 5.86 Bn | 6.32 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 5.85 |
| Dec 31, 2025 | 5.45 |
| Sep 30, 2025 | 6.44 |
| Jun 30, 2025 | 6.21 |
| Mar 31, 2025 | 6.30 |
| Dec 31, 2024 | 3.21 |
| Sep 30, 2024 | 3.20 |
| Jun 30, 2024 | 3.12 |
| Mar 31, 2024 | 2.85 |
| Dec 31, 2023 | 2.81 |
| Sep 30, 2023 | 2.95 |
| Jun 30, 2023 | 2.73 |
| Mar 31, 2023 | 2.76 |
| Dec 31, 2022 | 2.32 |
| Sep 30, 2022 | 2.37 |
| Jun 30, 2022 | 1.70 |
| Mar 31, 2022 | 1.80 |
| Dec 31, 2021 | 1.27 |
| Sep 30, 2021 | 1.25 |
| Jun 30, 2021 | 1.29 |