Targa Resources (TRGP) Total Debt (2010 - 2026)
Targa Resources' Total Debt came in at $19.58 billion for Q2 2026, up 16.2% from $16.85 billion a year earlier and up 2.3% from the prior quarter.
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Analysis
Targa Resources (TRGP) Total Debt (2010 - 2026) Analysis & Trends
At the end of FY2025, Targa Resources' Total Debt was $17.43 billion, up 23.0% from FY2024.
- Total Debt has increased in each of the last four years, with a five-year compound annual growth rate of 17.6% (FY2020 to FY2025).
- Going back by year, Total Debt was $14.17 billion in FY2024 (+9.4%), $12.95 billion in FY2023 (+12.3%), $11.54 billion in FY2022 (+74.9%) and $6.6 billion in FY2021 (-14.9%).
- The Q2 2026 figure represents the highest quarterly Total Debt in data going back to Q4 2010.
- Year-over-year, Total Debt has increased for 17 consecutive quarters, with growth averaging 18.4% over the last eight quarters.
- The fastest year-over-year change in Total Debt over five years came in Q4 2022 (growth of 74.9%), and the weakest in Q4 2021 (a decline of 14.9%).
- Business Quant data shows TRGP's Total Debt at $19.13 billion (Q1 2026), $17.43 billion (Q4 2025) and $17.43 billion (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Total Debt (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 102.52 Bn | 100.06 Bn | 4.84 Bn | 81.06 Bn |
| 2 | Enterprise Products Partners | 79.27 Bn | 77.71 Bn | - | 33.23 Bn |
| 3 | Energy Transfer | 69.21 Bn | 62.65 Bn | 7.40 Bn | 68.41 Bn |
| 4 | Kinder Morgan | 68.17 Bn | 69.12 Bn | 3.07 Bn | 32.25 Bn |
| 5 | Tc Energy | 61.09 Bn | 64.16 Bn | 2.81 Bn | 35.73 Bn |
| 6 | Targa Resources | 59.48 Bn | 59.10 Bn | 2.14 Bn | 19.58 Bn |
| 7 | Mplx | 58.45 Bn | 52.01 Bn | 2.91 Bn | 25.64 Bn |
| 8 | Oneok | 55.88 Bn | 54.37 Bn | 2.81 Bn | 33.02 Bn |
| 9 | Cheniere Energy | 55.70 Bn | 55.83 Bn | 5.29 Bn | 24.04 Bn |
| 10 | Venture Global | 32.11 Bn | 26.66 Bn | 2.92 Bn | 41.81 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 19.58 Bn |
| 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 | 6.79 Bn |
API Access
Targa Resources Total Debt 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=total-debt&ticker=TRGP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "total-debt", "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=total-debt&ticker=TRGP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();