Targa Resources (TRGP) Interest Expenses (2010 - 2026)

Targa Resources' (TRGP) quarterly Interest Expenses came in at $384.0 million in Q1 2026, up 12.64% year-on-year from $340.9 million in Q1 2025, and up 630.04% on a QoQ basis from $52.6 million in Q4 2025.

Targa Resources (TRGP) Interest Expenses (2010 - 2026) Analysis & Trends

Targa Resources (TRGP) has 17 years of Interest Expenses data on file, last reported at $384.0 million in Q1 2026.

  • On a quarterly basis, Interest Expenses rose 12.64% year-over-year to $384.0 million in Q1 2026; TTM through Mar 2026 was $795.3 million, a 834.55% increase from a year earlier, with the FY2025 full-year figure at $793.3 million, up 11.31% from the prior year.
  • Interest Expenses for Q1 2026 stood at $384.0 million, up from $52.6 million in the prior quarter.
  • Over the last five years, Interest Expenses for TRGP reached as high as $384.0 million in Q1 2026 and fell as low as -$541.8 million in Q4 2023.
  • Historically, Interest Expenses has averaged $136.8 million across 5 years, with a median of $211.6 million in 2023.
  • Across the five-year window, Interest Expenses tumbled 888.65% in 2023 and surged 2389.36% in 2024, its largest moves.
  • Year by year, Interest Expenses stood at $68.7 million in 2022, then tumbled by 888.65% to -$541.8 million in 2023, then surged by 103.29% to $17.8 million in 2024, then jumped by 195.51% to $52.6 million in 2025, then surged by 630.04% to $384.0 million in 2026.
  • Per Business Quant data, the three most recent Interest Expenses figures were $384.0 million in Q1 2026, $52.6 million in Q4 2025, and $214.1 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Interest Expense (Qtr)
1 DHT Holdings 2,706.13 Bn 2,706.00 Bn 167.16 Mn 5.65 Mn
2 Flex LNG 1,674.16 Bn 1,673.77 Bn 61.79 Mn -20.11 Mn
3 Kinder Morgan 112.74 Bn 113.82 Bn 3.07 Bn 256.00 Mn
4 Enbridge 89.82 Bn 89.03 Bn 6.70 Bn 891.09 Mn
5 Enterprise Products Partners 83.97 Bn 82.82 Bn - 659.00 Mn
6 Tc Energy 72.76 Bn 73.95 Bn 1.36 Bn 626.02 Mn
7 Energy Transfer 70.27 Bn 69.30 Bn 6.62 Bn 947.00 Mn
8 Targa Resources 61.30 Bn 61.34 Bn 1.70 Bn 384.00 Mn
9 Oneok 61.15 Bn 61.02 Bn 8.98 Bn 439.00 Mn
10 Mplx 58.39 Bn 56.89 Bn 1.95 Bn 291.00 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 384.00 Mn
Mar 31, 2026 384.00 Mn
Dec 31, 2025 52.60 Mn
Dec 31, 2025 52.60 Mn
Sep 30, 2025 214.10 Mn
Sep 30, 2025 214.10 Mn
Jun 30, 2025 214.10 Mn
Jun 30, 2025 214.10 Mn
Mar 31, 2025 340.90 Mn
Mar 31, 2025 340.90 Mn
Dec 31, 2024 17.80 Mn
Dec 31, 2024 17.80 Mn
Sep 30, 2024 234.00 Mn
Sep 30, 2024 234.00 Mn
Jun 30, 2024 234.00 Mn
Jun 30, 2024 234.00 Mn
Mar 31, 2024 268.20 Mn
Mar 31, 2024 268.20 Mn
Dec 31, 2023 -541.80 Mn
Dec 31, 2023 -541.80 Mn