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
DateValue
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