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
DateValue
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