Targa Resources (TRGP) Total Debt (2010 - 2026)
Targa Resources (TRGP) posted quarterly Total Debt of $19.0 billion for Q1 2026, up 17.88% year-over-year from $16.1 billion in Q1 2025, and up 14.24% quarter-over-quarter from $16.7 billion in Q4 2025.
Targa Resources (TRGP) Total Debt (2010 - 2026) Analysis & Trends
Targa Resources (TRGP) has reported Total Debt for 17 consecutive years, with $19.0 billion the latest figure, recorded in Q1 2026.
- In Q1 2026, Total Debt rose 17.88% year-over-year to $19.0 billion; the TTM figure through Mar 2026 stood at $19.0 billion (up 17.88% YoY), while the FY2025 annual figure was $16.7 billion, up 17.55% from the prior year.
- Total Debt grew to $19.0 billion in Q1 2026 per TRGP's latest filing, from $16.7 billion in the prior quarter.
- Across five years, Total Debt topped out at $19.0 billion in Q1 2026 and bottomed at $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.
- Targa Resources' Total Debt stood at $11.5 billion in 2022, then grew by 11.89% to $12.9 billion in 2023, then advanced by 9.81% to $14.2 billion in 2024, then climbed by 17.55% to $16.7 billion in 2025, then gained by 14.24% to $19.0 billion in 2026.
- Business Quant data shows TRGP's Total Debt at $19.0 billion in Q1 2026, $16.7 billion in Q4 2025, and $17.4 billion in Q3 2025.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Total Debt (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 112.69 Bn | 112.57 Bn | 3.07 Bn | 32.25 Bn |
| 2 | Enbridge | 110.90 Bn | 109.41 Bn | 5.23 Bn | 79.93 Bn |
| 3 | Enterprise Products Partners | 83.47 Bn | 82.57 Bn | - | 33.23 Bn |
| 4 | Energy Transfer | 72.69 Bn | 71.66 Bn | 7.40 Bn | 68.42 Bn |
| 5 | Tc Energy | 65.95 Bn | 58.39 Bn | 1.24 Bn | 35.14 Bn |
| 6 | Oneok | 60.15 Bn | 59.99 Bn | 2.81 Bn | 33.00 Bn |
| 7 | Mplx | 59.97 Bn | 58.94 Bn | 2.73 Bn | 25.64 Bn |
| 8 | Targa Resources | 59.51 Bn | 59.37 Bn | 2.14 Bn | 19.58 Bn |
| 9 | Cheniere Energy | 56.09 Bn | 54.84 Bn | 5.29 Bn | 24.04 Bn |
| 10 | Venture Global | 34.41 Bn | 31.19 Bn | 2.92 Bn | 42.10 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 19.58 Bn |
| 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 |