Targa Resources (TRGP) Non-Current Debt (2010 - 2026)
Targa Resources (TRGP) posted quarterly 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 reported Non-Current Debt for 17 consecutive years, with $18.4 billion the latest figure, recorded in Q1 2026.
- In Q1 2026, Non-Current Debt rose 18.57% year-over-year to $18.4 billion; the TTM figure through Mar 2026 stood at $18.4 billion (up 18.57% YoY), while the FY2025 annual figure was $16.7 billion, up 20.86% from the prior year.
- Non-Current Debt rose to $18.4 billion in Q1 2026 per TRGP's latest filing, from $16.7 billion in the prior quarter.
- Across five years, Non-Current Debt topped out at $18.4 billion in Q1 2026 and bottomed at $7.0 billion in Q1 2022.
- Historically, Non-Current Debt has averaged $12.9 billion across 5 years, with a median of $12.5 billion in 2024.
- Annual changes were most pronounced in 2022 — Non-Current Debt dropped 1.77% — and 2023, when it surged 67.65%.
- Targa Resources' Non-Current Debt stood at $10.7 billion in 2022, then gained by 15.24% to $12.3 billion in 2023, then advanced by 11.79% to $13.8 billion in 2024, then grew by 20.86% to $16.7 billion in 2025, then rose 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Non-Current Debt (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 112.69 Bn | 112.57 Bn | 3.07 Bn | 29.81 Bn |
| 2 | Enbridge | 110.89 Bn | 109.40 Bn | 5.23 Bn | 75.08 Bn |
| 3 | Enterprise Products Partners | 83.45 Bn | 82.54 Bn | - | 31.21 Bn |
| 4 | Energy Transfer | 72.67 Bn | 71.64 Bn | 7.40 Bn | 68.41 Bn |
| 5 | Tc Energy | 65.89 Bn | 58.33 Bn | 1.24 Bn | 32.61 Bn |
| 6 | Oneok | 60.12 Bn | 59.96 Bn | 2.81 Bn | 31.50 Bn |
| 7 | Mplx | 59.97 Bn | 58.94 Bn | 2.73 Bn | 24.39 Bn |
| 8 | Targa Resources | 59.56 Bn | 59.43 Bn | 2.14 Bn | 19.02 Bn |
| 9 | Cheniere Energy | 56.12 Bn | 54.86 Bn | 5.29 Bn | 22.63 Bn |
| 10 | Venture Global | 34.39 Bn | 31.17 Bn | 2.92 Bn | 41.81 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 19.02 Bn |
| Mar 31, 2026 | 18.43 Bn |
| Dec 31, 2025 | 16.66 Bn |
| Sep 30, 2025 | 16.74 Bn |
| Jun 30, 2025 | 16.08 Bn |
| Mar 31, 2025 | 15.55 Bn |
| Dec 31, 2024 | 13.79 Bn |
| Sep 30, 2024 | 13.60 Bn |
| Jun 30, 2024 | 12.97 Bn |
| Mar 31, 2024 | 12.51 Bn |
| Dec 31, 2023 | 12.33 Bn |
| Sep 30, 2023 | 12.32 Bn |
| Jun 30, 2023 | 11.81 Bn |
| Mar 31, 2023 | 11.44 Bn |
| Dec 31, 2022 | 10.70 Bn |
| Sep 30, 2022 | 10.43 Bn |
| Jun 30, 2022 | 7.05 Bn |
| Mar 31, 2022 | 6.96 Bn |
| Dec 31, 2021 | 6.43 Bn |
| Sep 30, 2021 | 6.43 Bn |