Targa Resources (TRGP) Payables (2010 - 2026)
Targa Resources (TRGP) recorded Payables of $2.11 billion in Q2 2026, up 22.1% from $1.73 billion a year earlier and up 6.1% from the prior quarter.
Powered by 
Analysis
Targa Resources (TRGP) Payables (2010 - 2026) Analysis & Trends
At the end of FY2025, Targa Resources reported Payables of $1.87 billion, down 6.9% from FY2024.
- Annual Payables has a five-year compound annual growth rate of 17.6% (FY2020 to FY2025).
- Across earlier years, Payables came in at $2.01 billion in FY2024 (+27.8%), $1.57 billion in FY2023 (+8.7%), $1.45 billion in FY2022 (+3.3%) and $1.4 billion in FY2021 (+68.2%).
- The Q2 2026 figure is the highest quarterly Payables in data going back to Q4 2010.
- On a year-over-year basis, Payables rose in six of the last eight quarters, with growth averaging 7.7%.
- Peak year-over-year performance for Payables in the last five years was growth of 122.2% in Q3 2021, against a decline of 38.3% in Q2 2023 at the low end.
- Per Business Quant, the preceding three quarters came in at $1.99 billion (Q1 2026), $1.87 billion (Q4 2025) and $1.58 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Payables (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 102.52 Bn | 100.06 Bn | 4.84 Bn | 8.46 Bn |
| 2 | Enterprise Products Partners | 79.27 Bn | 77.71 Bn | - | 1.63 Bn |
| 3 | Energy Transfer | 69.21 Bn | 62.65 Bn | 7.40 Bn | 13.77 Bn |
| 4 | Kinder Morgan | 68.17 Bn | 69.12 Bn | 3.07 Bn | 1.57 Bn |
| 5 | Tc Energy | 61.09 Bn | 64.16 Bn | 2.81 Bn | 4.82 Bn |
| 6 | Targa Resources | 59.48 Bn | 59.10 Bn | 2.14 Bn | 2.11 Bn |
| 7 | Mplx | 58.45 Bn | 52.01 Bn | 2.91 Bn | 155.00 Mn |
| 8 | Oneok | 55.88 Bn | 54.37 Bn | 2.81 Bn | 5.03 Bn |
| 9 | Cheniere Energy | 55.70 Bn | 55.83 Bn | 5.29 Bn | 293.00 Mn |
| 10 | Venture Global | 32.11 Bn | 26.66 Bn | 2.92 Bn | 828.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 2.11 Bn |
| Mar 31, 2026 | 1.99 Bn |
| Dec 31, 2025 | 1.87 Bn |
| Sep 30, 2025 | 1.58 Bn |
| Jun 30, 2025 | 1.73 Bn |
| Mar 31, 2025 | 1.89 Bn |
| Dec 31, 2024 | 2.01 Bn |
| Sep 30, 2024 | 1.47 Bn |
| Jun 30, 2024 | 1.69 Bn |
| Mar 31, 2024 | 1.71 Bn |
| Dec 31, 2023 | 1.57 Bn |
| Sep 30, 2023 | 1.58 Bn |
| Jun 30, 2023 | 1.17 Bn |
| Mar 31, 2023 | 1.26 Bn |
| Dec 31, 2022 | 1.45 Bn |
| Sep 30, 2022 | 1.81 Bn |
| Jun 30, 2022 | 1.90 Bn |
| Mar 31, 2022 | 1.80 Bn |
| Dec 31, 2021 | 1.40 Bn |
| Sep 30, 2021 | 1.65 Bn |
API Access
Targa Resources Payables 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=payables&ticker=TRGP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "payables", "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=payables&ticker=TRGP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();