Targa Resources (TRGP) Interest Coverage Ratio (2010 - 2026)
Targa Resources (TRGP) posted quarterly Interest Coverage Ratio of 2.21 for Q1 2026, up 38.38% year-over-year from 1.59 in Q1 2025, and down 87.35% quarter-over-quarter from 17.44 in Q4 2025.
Targa Resources (TRGP) Interest Coverage Ratio (2010 - 2026) Analysis & Trends
Targa Resources (TRGP) has reported Interest Coverage Ratio for 17 consecutive years, with 2.21 the latest figure, recorded in Q1 2026.
- In Q1 2026, Interest Coverage Ratio rose 38.38% year-over-year to 2.21; the TTM figure through Mar 2026 stood at 4.57 (up 18.06% YoY), while the FY2025 annual figure was 4.2, up 11.03% from the prior year.
- Interest Coverage Ratio retreated to 2.21 in Q1 2026 per TRGP's latest filing, from 17.44 in the prior quarter.
- Across five years, Interest Coverage Ratio topped out at 59.55 in Q2 2023 and bottomed at 1.51 in Q3 2022.
- Historically, Interest Coverage Ratio has averaged 13.15 across 5 years, with a median of 3.91 in 2025.
- Annual changes were most pronounced in 2023 — Interest Coverage Ratio jumped 3447.7% — and 2024, when it plunged 95.5%.
- Targa Resources' Interest Coverage Ratio stood at 8.03 in 2022, then jumped by 77.87% to 14.28 in 2023, then soared by 175.66% to 39.35 in 2024, then plunged by 55.68% to 17.44 in 2025, then tumbled by 87.35% to 2.21 in 2026.
- Business Quant data shows TRGP's Interest Coverage Ratio at 2.21 in Q1 2026, 17.44 in Q4 2025, and 3.91 in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 112.69 Bn | 112.57 Bn | 3.07 Bn | 5.26 |
| 2 | Enbridge | 110.89 Bn | 109.40 Bn | 5.23 Bn | 2.09 |
| 3 | Enterprise Products Partners | 83.45 Bn | 82.54 Bn | - | 2.31 |
| 4 | Energy Transfer | 72.67 Bn | 71.64 Bn | 7.40 Bn | 3.83 |
| 5 | Tc Energy | 65.89 Bn | 58.33 Bn | 1.24 Bn | 0.31 |
| 6 | Oneok | 60.12 Bn | 59.96 Bn | 2.81 Bn | 3.67 |
| 7 | Mplx | 59.97 Bn | 58.94 Bn | 2.73 Bn | 4.28 |
| 8 | Targa Resources | 59.56 Bn | 59.43 Bn | 2.14 Bn | 1.29 |
| 9 | Cheniere Energy | 56.12 Bn | 54.86 Bn | 5.29 Bn | 1.41 |
| 10 | Venture Global | 34.39 Bn | 31.17 Bn | 2.92 Bn | 3.17 |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 1.29 |
| Mar 31, 2026 | 2.21 |
| Dec 31, 2025 | 17.44 |
| Sep 30, 2025 | 3.91 |
| Jun 30, 2025 | 4.83 |
| Mar 31, 2025 | 1.59 |
| Dec 31, 2024 | 39.35 |
| Sep 30, 2024 | 3.11 |
| Jun 30, 2024 | 2.68 |
| Mar 31, 2024 | 2.38 |
| Dec 31, 2023 | 14.28 |
| Sep 30, 2023 | 53.73 |
| Jun 30, 2023 | 59.55 |
| Mar 31, 2023 | 3.95 |
| Dec 31, 2022 | 8.03 |
| Sep 30, 2022 | 1.51 |
| Jun 30, 2022 | 3.45 |
| Mar 31, 2022 | 1.53 |
| Dec 31, 2021 | 0.30 |
| Sep 30, 2021 | 3.31 |