Targa Resources, Inc.
TRGP Energy Oil & Gas Midstream
Targa Resources, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $17.0 billion, up 3.95% from fiscal 2024. In the quarter to June 2026, revenue grew 4.23%, EPS grew 22.9%, free cash flow grew 1,002.1% and total debt rose 16.2%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for five consecutive years, operating cash flow growth for five.
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Targa Resources, Inc. (TRGP) Total debt
Targa Resources, Inc.'s total debt at the end of fiscal 2025 was $17.4B, up 23.0% from $14.2B in fiscal 2024. At the end of the quarter to 30 June 2026 it was $19.6B. Over the past ten years it has ranged from $4.9B (fiscal 2016) to $17.4B (fiscal 2025) — the current reading is the highest in ten years. Targa Resources, Inc. ranks 10th of 53 Oil & Gas Midstream companies by total debt.
Total debt, annual
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Annual newest first
| Period | Total debt | Change |
|---|---|---|
| FY2025 | $17.4B | 22.98% |
| FY2024 | $14.2B | 9.42% |
| FY2023 | $13.0B | 12.29% |
| FY2022 | $11.5B | 74.87% |
| FY2021 | $6.6B | (14.94%) |
| FY2020 | $7.8B | (0.85%) |
| FY2019 | $7.8B | 17.45% |
| FY2018 | $6.7B | 31.81% |
| FY2017 | $5.1B | 3.52% |
| FY2016 | $4.9B | (17.80%) |
Quarterly newest first
| Period | Total debt | Change |
|---|---|---|
| Jun 2026 | $19.6B | 2.33% |
| Mar 2026 | $19.1B | 9.75% |
| Dec 2025 | $17.4B | 0.01% |
| Sep 2025 | $17.4B | 3.45% |
| 42 more quarters | Free account |
Against its own ten years
Total debt against peers
| Company | Total debt |
|---|---|
| ET Energy Transfer LP compare | $68.4B |
| TRP TC Energy Corporation compare | $45.4B |
| EPD Enterprise Products Partners L.P. compare | $33.2B |
| KMI Kinder Morgan, Inc. compare | $32.2B |
| OKE ONEOK, Inc. compare | $31.5B |
| WMB Williams Companies, Inc. (The) compare | $30.3B |
| MPLX MPLX LP compare | $25.6B |
| LNG Cheniere Energy, Inc. compare | $24.0B |
| TRGP Targa Resources, Inc. | $19.6B |
What Total debt is
Total Debt tells an investor how much a company has borrowed in all, whether the money is due within a year or later.
Long Term Debt (Total) + Current Part of Debt
More on TRGP
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement