Targa Resources (TRGP) Total Debt (2010 - 2026)
Targa Resources' (TRGP) quarterly Total Debt came in at $19.1 billion in Q1 2026, up 18.03% year-on-year from $16.2 billion in Q1 2025, and up 9.75% sequentially from $17.4 billion in Q4 2025.
Targa Resources (TRGP) Total Debt (2010 - 2026) Analysis & Trends
Targa Resources' Total Debt history runs 17 years deep, the most recent figure standing at $19.1 billion for Q1 2026.
- In Q1 2026, Total Debt rose 18.03% year-over-year to $19.1 billion; the TTM figure through Mar 2026 stood at $19.1 billion (up 18.03% YoY), while the FY2025 annual figure was $17.4 billion, up 22.98% from the prior year.
- Total Debt came in at $19.1 billion for Q1 2026 at Targa Resources, up from $17.4 billion in the prior quarter.
- Over five years, Total Debt peaked at $19.1 billion in Q1 2026 and troughed at $7.2 billion in Q1 2022.
- The 5-year median for Total Debt is $13.1 billion (2024), against an average of $13.5 billion.
- Peak annual rise in Total Debt reached 74.87% in 2022, while the deepest fall reached 1.68% in 2022.
- A 5-year view of Total Debt shows it stood at $11.5 billion in 2022, then rose by 12.29% to $13.0 billion in 2023, then grew by 9.42% to $14.2 billion in 2024, then advanced by 22.98% to $17.4 billion in 2025, then advanced by 9.75% to $19.1 billion in 2026.
- Per Business Quant data, the three most recent Total Debt figures were $19.1 billion in Q1 2026, $17.4 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 | Enbridge | 1,308.38 Bn | 1,309.08 Bn | 6.70 Bn | 78.78 Bn |
| 2 | Kinder Morgan | 112.34 Bn | 113.42 Bn | 3.08 Bn | 32.06 Bn |
| 3 | Enterprise Products Partners | 79.55 Bn | 78.40 Bn | - | 33.91 Bn |
| 4 | Energy Transfer | 65.78 Bn | 65.07 Bn | 6.62 Bn | 69.34 Bn |
| 5 | Targa Resources | 57.60 Bn | 57.63 Bn | 1.70 Bn | 19.13 Bn |
| 6 | Mplx | 57.17 Bn | 55.67 Bn | 2.54 Bn | 25.63 Bn |
| 7 | Oneok | 54.83 Bn | 54.70 Bn | 2.57 Bn | 32.01 Bn |
| 8 | Cheniere Energy Partners | 29.50 Bn | 29.22 Bn | 838.00 Mn | 14.22 Bn |
| 9 | Venture Global | 27.41 Bn | 27.36 Bn | 4.33 Bn | 36.58 Bn |
| 10 | Plains All American Pipeline | 15.72 Bn | 15.54 Bn | 977.00 Mn | 9.54 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 19.13 Bn |
| Dec 31, 2025 | 17.43 Bn |
| Sep 30, 2025 | 17.43 Bn |
| Jun 30, 2025 | 16.85 Bn |
| Mar 31, 2025 | 16.21 Bn |
| Dec 31, 2024 | 14.17 Bn |
| Sep 30, 2024 | 14.25 Bn |
| Jun 30, 2024 | 13.57 Bn |
| Mar 31, 2024 | 13.06 Bn |
| Dec 31, 2023 | 12.95 Bn |
| Sep 30, 2023 | 12.92 Bn |
| Jun 30, 2023 | 12.40 Bn |
| Mar 31, 2023 | 12.18 Bn |
| Dec 31, 2022 | 11.54 Bn |
| Sep 30, 2022 | 11.20 Bn |
| Jun 30, 2022 | 7.46 Bn |
| Mar 31, 2022 | 7.25 Bn |
| Dec 31, 2021 | 6.60 Bn |
| Sep 30, 2021 | 6.77 Bn |
| Jun 30, 2021 | 6.98 Bn |