Targa Resources (TRGP) Interest Expenses (2010 - 2026)
Targa Resources (TRGP) posted quarterly Interest Expenses of $384.0 million for Q1 2026, up 12.64% year-over-year from $340.9 million in Q1 2025, and up 630.04% quarter-over-quarter from $52.6 million in Q4 2025.
Targa Resources (TRGP) Interest Expenses (2010 - 2026) Analysis & Trends
Targa Resources (TRGP) has reported Interest Expenses for 17 consecutive years, with $384.0 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Interest Expenses rose 12.64% year-over-year to $384.0 million; the TTM figure through Mar 2026 stood at $795.3 million (up 18.45% YoY), while the FY2025 annual figure was $793.3 million, up 11.31% from the prior year.
- Interest Expenses improved to $384.0 million in Q1 2026 per TRGP's latest filing, from $52.6 million in the prior quarter.
- Across five years, Interest Expenses topped out at $384.0 million in Q1 2026 and bottomed at $9.4 million in Q3 2023.
- Historically, Interest Expenses has averaged $171.3 million across 5 years, with a median of $211.6 million in 2023.
- Annual changes were most pronounced in 2023 — Interest Expenses tumbled 96.69% — and 2024, when it jumped 2389.36%.
- Targa Resources' Interest Expenses stood at $68.7 million in 2022, then slumped by 35.23% to $44.5 million in 2023, then slumped by 60.0% to $17.8 million in 2024, then surged by 195.51% to $52.6 million in 2025, then soared by 630.04% to $384.0 million in 2026.
- Business Quant data shows TRGP's Interest Expenses at $384.0 million in Q1 2026, $52.6 million in Q4 2025, and $214.1 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Expense (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 112.69 Bn | 112.57 Bn | 3.07 Bn | 256.00 Mn |
| 2 | Enbridge | 111.13 Bn | 109.64 Bn | 5.23 Bn | 1.01 Bn |
| 3 | Enterprise Products Partners | 83.45 Bn | 82.54 Bn | - | 974.00 Mn |
| 4 | Energy Transfer | 72.53 Bn | 71.50 Bn | 7.40 Bn | 934.00 Mn |
| 5 | Tc Energy | 66.12 Bn | 58.56 Bn | 1.24 Bn | 1.23 Bn |
| 6 | Mplx | 60.19 Bn | 59.16 Bn | 2.73 Bn | 322.00 Mn |
| 7 | Oneok | 60.00 Bn | 59.84 Bn | 2.81 Bn | 434.00 Mn |
| 8 | Targa Resources | 59.13 Bn | 59.00 Bn | 2.14 Bn | 959.20 Mn |
| 9 | Cheniere Energy | 56.04 Bn | 54.79 Bn | 5.29 Bn | 3.05 Bn |
| 10 | Venture Global | 34.44 Bn | 31.22 Bn | 2.92 Bn | 691.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 959.20 Mn |
| Jun 30, 2026 | 959.20 Mn |
| 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 |