Targa Resources (TRGP) Equity Ratio (2010 - 2026)
Targa Resources' (TRGP) quarterly Equity Ratio came in at 0.12 in Q1 2026, up 6.88% year-on-year from 0.11 in Q1 2025, and down 4.91% sequentially from 0.13 in Q4 2025.
Targa Resources (TRGP) Equity Ratio (2010 - 2026) Analysis & Trends
Targa Resources' Equity Ratio history runs 17 years deep, the most recent figure standing at 0.12 for Q1 2026.
- In Q1 2026, Equity Ratio rose 6.88% year-over-year to 0.12; the TTM figure through Mar 2026 stood at 0.12 (up 6.88% YoY), while the FY2025 annual figure was 0.13, down 34.74% from the prior year.
- Equity Ratio came in at 0.12 for Q1 2026 at Targa Resources, down from 0.13 in the prior quarter.
- Over five years, Equity Ratio peaked at 27.37 in Q1 2022 and troughed at 0.11 in Q3 2025.
- The 5-year median for Equity Ratio is 0.22 (2024), against an average of 3.39.
- The widest annual swing landed in 2022, when Equity Ratio jumped 7654.44%; it then sank 98.68% in 2023.
- A 5-year view of Equity Ratio shows it stood at 0.25 in 2022, then declined by 12.45% to 0.22 in 2023, then decreased by 12.85% to 0.19 in 2024, then plunged by 34.74% to 0.13 in 2025, then retreated by 4.91% to 0.12 in 2026.
- Per Business Quant data, the three most recent Equity Ratio figures were 0.12 in Q1 2026, 0.13 in Q4 2025, and 0.11 in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Equity Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 1,308.38 Bn | 1,309.08 Bn | 6.70 Bn | 0.28 |
| 2 | Kinder Morgan | 112.34 Bn | 113.42 Bn | 3.08 Bn | 0.43 |
| 3 | Enterprise Products Partners | 79.55 Bn | 78.40 Bn | - | 0.38 |
| 4 | Energy Transfer | 65.78 Bn | 65.07 Bn | 6.62 Bn | 0.23 |
| 5 | Targa Resources | 57.60 Bn | 57.63 Bn | 1.70 Bn | 0.12 |
| 6 | Mplx | 57.17 Bn | 55.67 Bn | 2.54 Bn | 0.33 |
| 7 | Oneok | 54.83 Bn | 54.70 Bn | 2.57 Bn | 0.33 |
| 8 | Cheniere Energy Partners | 29.50 Bn | 29.22 Bn | 838.00 Mn | 0.00 |
| 9 | Venture Global | 27.41 Bn | 27.36 Bn | 4.33 Bn | 0.19 |
| 10 | Plains All American Pipeline | 15.72 Bn | 15.54 Bn | 977.00 Mn | 0.41 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 0.12 |
| Dec 31, 2025 | 0.13 |
| Sep 30, 2025 | 0.11 |
| Jun 30, 2025 | 0.12 |
| Mar 31, 2025 | 0.11 |
| Dec 31, 2024 | 0.19 |
| Sep 30, 2024 | 0.20 |
| Jun 30, 2024 | 0.20 |
| Mar 31, 2024 | 0.22 |
| Dec 31, 2023 | 0.22 |
| Sep 30, 2023 | 0.35 |
| Jun 30, 2023 | 0.37 |
| Mar 31, 2023 | 0.36 |
| Dec 31, 2022 | 0.25 |
| Sep 30, 2022 | 0.67 |
| Jun 30, 2022 | 26.66 |
| Mar 31, 2022 | 27.37 |
| Dec 31, 2021 | 0.34 |
| Sep 30, 2021 | 28.53 |
| Jun 30, 2021 | 29.39 |