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| Date | Value |
|---|---|
| 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 |