Targa Resources (TRGP) Net Long-Term Debt Issued (Repaid) (2011 - 2026)
Targa Resources' Non-Current Debt was $19.02 billion in Q2 2026, up 18.3% from $16.08 billion a year earlier and up 3.2% from the prior quarter.
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Analysis
Targa Resources (TRGP) Net Long-Term Debt Issued (Repaid) (2011 - 2026) Analysis & Trends
At the end of FY2025, Non-Current Debt at Targa Resources came in at $16.66 billion, up 20.9% from FY2024.
- Non-Current Debt has now increased for four consecutive years, with a five-year compound annual growth rate of 17.7% (FY2020 to FY2025).
- In earlier years, Non-Current Debt was $13.79 billion in FY2024 (+11.8%), $12.33 billion in FY2023 (+15.2%), $10.7 billion in FY2022 (+66.3%) and $6.43 billion in FY2021 (-12.9%).
- The Q2 2026 figure marks the highest quarterly Non-Current Debt in data going back to Q4 2010.
- Compared with a year earlier, Non-Current Debt has increased for 17 straight quarters, with growth averaging 18.9% over the last eight quarters.
- The best year-over-year quarter for Non-Current Debt over five years was Q2 2023 (growth of 67.6%); the worst was Q3 2021 (a decline of 15.9%).
- Per Business Quant data, TRGP's Non-Current Debt in the three quarters before Q2 2026 was $18.43 billion (Q1 2026), $16.66 billion (Q4 2025) and $16.74 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net LT Debt (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 103.53 Bn | 99.13 Bn | 4.84 Bn | -544.36 Mn |
| 2 | Williams Companies | 82.50 Bn | 79.53 Bn | 2.59 Bn | 2.73 Bn |
| 3 | Enterprise Products Partners | 79.39 Bn | 77.75 Bn | - | 210.00 Mn |
| 4 | Kinder Morgan | 68.14 Bn | 66.99 Bn | 2.97 Bn | 1.03 Bn |
| 5 | Energy Transfer | 65.55 Bn | 61.38 Bn | 6.57 Bn | 462.00 Mn |
| 6 | Tc Energy | 65.45 Bn | 62.21 Bn | - | 1.75 Bn |
| 7 | Cheniere Energy | 59.68 Bn | 53.83 Bn | 2.97 Bn | -119.00 Mn |
| 8 | Targa Resources | 58.63 Bn | 58.09 Bn | 2.02 Bn | -26.80 Mn |
| 9 | Mplx | 57.55 Bn | 51.58 Bn | 3.19 Bn | 976.00 Mn |
| 10 | Oneok | 54.31 Bn | 53.71 Bn | 2.84 Bn | -3.60 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | -26.80 Mn |
| Jun 30, 2026 | -28.30 Mn |
| Mar 31, 2026 | 1.99 Bn |
| Dec 31, 2025 | 1.73 Bn |
| Sep 30, 2025 | -128.80 Mn |
| Jun 30, 2025 | 1.48 Bn |
| Mar 31, 2025 | 2.85 Bn |
| Dec 31, 2024 | -13.90 Mn |
| Sep 30, 2024 | 1.64 Bn |
| Jun 30, 2024 | -412.40 Mn |
| Mar 31, 2024 | 14.20 Mn |
| Dec 31, 2023 | 1.04 Bn |
| Sep 30, 2023 | 41.40 Mn |
| Jun 30, 2023 | 39.70 Mn |
| Mar 31, 2023 | 1.71 Bn |
| Dec 31, 2022 | -2.69 Bn |
| Sep 30, 2022 | 3.54 Bn |
| Jun 30, 2022 | 627.60 Mn |
| Mar 31, 2022 | -233.90 Mn |
| Dec 31, 2021 | 56.90 Mn |
API Access
Targa Resources Net Long-Term Debt Issued (Repaid) 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=non-current-debt&ticker=TRGP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "non-current-debt", "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=non-current-debt&ticker=TRGP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();