Targa Resources (TRGP) Total Debt (2010 - 2026)
Targa Resources' (TRGP) quarterly Total Debt came in at $19.0 billion in Q1 2026, up 17.88% year-on-year from $16.1 billion in Q1 2025, and up 14.24% on a QoQ basis from $16.7 billion in Q4 2025.
Targa Resources (TRGP) Total Debt (2010 - 2026) Analysis & Trends
Targa Resources (TRGP) has 17 years of Total Debt data on file, last reported at $19.0 billion in Q1 2026.
- On a quarterly basis, Total Debt rose 17.88% year-over-year to $19.0 billion in Q1 2026; TTM through Mar 2026 was $19.0 billion, a 17.88% increase from a year earlier, with the FY2025 full-year figure at $16.7 billion, up 17.55% from the prior year.
- Total Debt for Q1 2026 stood at $19.0 billion, up from $16.7 billion in the prior quarter.
- Over the last five years, Total Debt for TRGP reached as high as $19.0 billion in Q1 2026 and fell as low as $7.2 billion in Q1 2022.
- Historically, Total Debt has averaged $13.5 billion across 5 years, with a median of $13.1 billion in 2024.
- On a YoY basis, Total Debt climbed as much as 74.87% in 2022 and fell as far as 1.71% in 2022.
- Year by year, Total Debt stood at $11.5 billion in 2022, then rose by 11.89% to $12.9 billion in 2023, then grew by 9.81% to $14.2 billion in 2024, then increased by 17.55% to $16.7 billion in 2025, then climbed by 14.24% to $19.0 billion in 2026.
- Per Business Quant data, the three most recent Total Debt figures were $19.0 billion in Q1 2026, $16.7 billion in Q4 2025, and $17.4 billion in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Total Debt (Qtr) |
|---|---|---|---|---|---|
| 1 | DHT Holdings | 2,706.13 Bn | 2,706.00 Bn | 167.16 Mn | 110.18 Mn |
| 2 | Flex LNG | 1,674.16 Bn | 1,673.77 Bn | 61.79 Mn | 1.82 Bn |
| 3 | Kinder Morgan | 112.74 Bn | 113.82 Bn | 3.07 Bn | 32.25 Bn |
| 4 | Enbridge | 89.82 Bn | 89.03 Bn | 6.70 Bn | 78.78 Bn |
| 5 | Enterprise Products Partners | 83.97 Bn | 82.82 Bn | - | 33.91 Bn |
| 6 | Tc Energy | 72.76 Bn | 73.95 Bn | 1.36 Bn | 33.55 Bn |
| 7 | Energy Transfer | 70.27 Bn | 69.30 Bn | 6.62 Bn | 69.36 Bn |
| 8 | Targa Resources | 61.30 Bn | 61.34 Bn | 1.70 Bn | 19.03 Bn |
| 9 | Oneok | 61.15 Bn | 61.02 Bn | 8.98 Bn | 33.65 Bn |
| 10 | Mplx | 58.39 Bn | 56.89 Bn | 1.95 Bn | 25.63 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 19.03 Bn |
| Dec 31, 2025 | 16.66 Bn |
| Sep 30, 2025 | 17.43 Bn |
| Jun 30, 2025 | 16.85 Bn |
| Mar 31, 2025 | 16.15 Bn |
| Dec 31, 2024 | 14.17 Bn |
| Sep 30, 2024 | 14.20 Bn |
| Jun 30, 2024 | 13.57 Bn |
| Mar 31, 2024 | 13.06 Bn |
| Dec 31, 2023 | 12.91 Bn |
| Sep 30, 2023 | 12.88 Bn |
| Jun 30, 2023 | 12.36 Bn |
| Mar 31, 2023 | 12.14 Bn |
| Dec 31, 2022 | 11.54 Bn |
| Sep 30, 2022 | 11.20 Bn |
| Jun 30, 2022 | 7.45 Bn |
| Mar 31, 2022 | 7.23 Bn |
| Dec 31, 2021 | 6.60 Bn |
| Sep 30, 2021 | 6.77 Bn |
| Jun 30, 2021 | 6.98 Bn |