Targa Resources (TRGP) Liabilities and Shareholders Equity (2010 - 2026)
Targa Resources (TRGP) reported Liabilities and Shareholders Equity of $28.52 billion for Q2 2026, up 21.3% from $23.51 billion a year earlier and up 5.2% from the prior quarter.
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Analysis
Targa Resources (TRGP) Liabilities and Shareholders Equity (2010 - 2026) Analysis & Trends
At the end of FY2025, Targa Resources posted Liabilities and Shareholders Equity of $25.22 billion, up 10.9% from FY2024.
- Liabilities and Shareholders Equity has increased for four consecutive years, with a five-year compound annual growth rate of 9.7% (FY2020 to FY2025).
- By year, Liabilities and Shareholders Equity came in at $22.73 billion in FY2024 (+10.0%), $20.67 billion in FY2023 (+5.7%), $19.56 billion in FY2022 (+28.6%) and $15.21 billion in FY2021 (-4.2%).
- The Q2 2026 figure ranks as the highest quarterly Liabilities and Shareholders Equity in data going back to Q4 2010.
- Year over year, Liabilities and Shareholders Equity has now increased in each of the last 16 quarters, with growth averaging 12.5% over the last eight quarters.
- The high point for year-over-year Liabilities and Shareholders Equity in five years was Q4 2022 (growth of 28.6%); the low point was Q4 2021 (a decline of 4.2%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $27.11 billion (Q1 2026), $25.22 billion (Q4 2025) and $24.17 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Liabilities and Shareholders Equity (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 101.53 Bn | 99.08 Bn | 4.84 Bn | 167.46 Bn |
| 2 | Enterprise Products Partners | 76.92 Bn | 75.35 Bn | - | 81.76 Bn |
| 3 | Energy Transfer | 67.97 Bn | 61.41 Bn | 7.40 Bn | 148.17 Bn |
| 4 | Kinder Morgan | 67.10 Bn | 68.05 Bn | 3.07 Bn | 74.06 Bn |
| 5 | Tc Energy | 60.19 Bn | 63.26 Bn | 2.81 Bn | - |
| 6 | Targa Resources | 57.97 Bn | 57.59 Bn | 2.14 Bn | 28.52 Bn |
| 7 | Mplx | 57.16 Bn | 50.72 Bn | 2.91 Bn | 42.97 Bn |
| 8 | Cheniere Energy | 55.61 Bn | 55.74 Bn | 5.29 Bn | 47.97 Bn |
| 9 | Oneok | 53.75 Bn | 52.24 Bn | 2.81 Bn | 68.55 Bn |
| 10 | Venture Global | 31.49 Bn | 26.04 Bn | 2.92 Bn | 61.52 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 28.52 Bn |
| Mar 31, 2026 | 27.11 Bn |
| Dec 31, 2025 | 25.22 Bn |
| Sep 30, 2025 | 24.17 Bn |
| Jun 30, 2025 | 23.51 Bn |
| Mar 31, 2025 | 22.80 Bn |
| Dec 31, 2024 | 22.73 Bn |
| Sep 30, 2024 | 21.90 Bn |
| Jun 30, 2024 | 21.26 Bn |
| Mar 31, 2024 | 20.85 Bn |
| Dec 31, 2023 | 20.67 Bn |
| Sep 30, 2023 | 20.19 Bn |
| Jun 30, 2023 | 19.46 Bn |
| Mar 31, 2023 | 19.03 Bn |
| Dec 31, 2022 | 19.56 Bn |
| Sep 30, 2022 | 19.39 Bn |
| Jun 30, 2022 | 15.33 Bn |
| Mar 31, 2022 | 15.30 Bn |
| Dec 31, 2021 | 15.21 Bn |
| Sep 30, 2021 | 15.97 Bn |
API Access
Targa Resources Liabilities and Shareholders Equity API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=liabilities-and-shareholders-equity&ticker=TRGP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "liabilities-and-shareholders-equity", "ticker": "TRGP", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=liabilities-and-shareholders-equity&ticker=TRGP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();