Targa Resources (TRGP) Non-Current Debt (2010 - 2026)
Targa Resources (TRGP) reported Non-Current Debt of $18.4 billion for Q1 2026, up 18.57% year-over-year from $15.5 billion in Q1 2025, and up 10.64% quarter-over-quarter from $16.7 billion in Q4 2025.
Targa Resources (TRGP) Non-Current Debt (2010 - 2026) Analysis & Trends
Targa Resources (TRGP) has 17 years of Non-Current Debt data on file, last reported at $18.4 billion in Q1 2026.
- Non-Current Debt for Q1 2026 came in at $18.4 billion, up 18.57% year-over-year; the trailing twelve-month figure through Mar 2026 was $18.4 billion (up 18.57% YoY), and the FY2025 annual result was $16.7 billion, up 20.86% from the prior year.
- Non-Current Debt advanced to $18.4 billion in Q1 2026 per TRGP's latest filing, from $16.7 billion in the prior quarter.
- Over five years, Non-Current Debt peaked at $18.4 billion in Q1 2026 and troughed at $7.0 billion in Q1 2022.
- A 5-year average of $12.9 billion and a median of $12.5 billion in 2024 frame the typical range for Non-Current Debt.
- The sharpest annual moves came in 2022 and 2023: Non-Current Debt dropped 1.77% in 2022, then surged 67.65% in 2023.
- A 5-year view of Non-Current Debt shows it stood at $10.7 billion in 2022, then rose by 15.24% to $12.3 billion in 2023, then gained by 11.79% to $13.8 billion in 2024, then rose by 20.86% to $16.7 billion in 2025, then advanced by 10.64% to $18.4 billion in 2026.
- Business Quant data shows TRGP's Non-Current Debt at $18.4 billion in Q1 2026, $16.7 billion in Q4 2025, and $16.7 billion in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Non-Current Debt (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 88.33 Bn | 89.03 Bn | 6.70 Bn | 75.11 Bn |
| 2 | Enterprise Products Partners | 80.83 Bn | 79.68 Bn | - | 31.20 Bn |
| 3 | Kinder Morgan | 69.66 Bn | 70.75 Bn | 3.08 Bn | 29.87 Bn |
| 4 | Energy Transfer | 65.60 Bn | 64.88 Bn | 6.62 Bn | 69.32 Bn |
| 5 | Scorpio Tankers | 59.17 Bn | 58.19 Bn | - | 559.94 Mn |
| 6 | Mplx | 57.43 Bn | 55.92 Bn | 2.54 Bn | 24.38 Bn |
| 7 | Targa Resources | 56.68 Bn | 56.71 Bn | 1.70 Bn | 18.43 Bn |
| 8 | Oneok | 55.34 Bn | 55.21 Bn | 2.57 Bn | 30.76 Bn |
| 9 | Tc Energy | 50.79 Bn | 51.99 Bn | 2.95 Bn | 32.45 Bn |
| 10 | Cheniere Energy | 50.33 Bn | 52.53 Bn | 5.86 Bn | 22.14 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 18.43 Bn |
| Mar 31, 2026 | 18.43 Bn |
| Dec 31, 2025 | 16.66 Bn |
| Dec 31, 2025 | 16.66 Bn |
| Sep 30, 2025 | 16.74 Bn |
| Sep 30, 2025 | 16.74 Bn |
| Jun 30, 2025 | 16.08 Bn |
| Jun 30, 2025 | 16.08 Bn |
| Mar 31, 2025 | 15.55 Bn |
| Mar 31, 2025 | 15.55 Bn |
| Dec 31, 2024 | 13.79 Bn |
| Dec 31, 2024 | 13.79 Bn |
| Sep 30, 2024 | 13.60 Bn |
| Sep 30, 2024 | 13.60 Bn |
| Jun 30, 2024 | 12.97 Bn |
| Jun 30, 2024 | 12.97 Bn |
| Mar 31, 2024 | 12.51 Bn |
| Mar 31, 2024 | 12.51 Bn |
| Dec 31, 2023 | 12.33 Bn |
| Dec 31, 2023 | 12.33 Bn |