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Debt-to-equity at other companies

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OneokOKE
1.4×0.0×
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Enterprise Products PartnersEPD
1.1×+0.1×
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Kinder MorganKMI
0.0×
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0.2×0.0×
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NextDecade CorporationNEXT
90.8×+80.0×
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EOG ResourcesEOG
0.3×+0.1×

Other financials

Income statement

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Revenue$4.4B+4.2%
Gross profit$2.1B+17.2%
Operating income$1.2B+19.4%
Net income$764.6M+21.5%
EPS (diluted)$3.54+23.3%

Balance sheet

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Cash & equivalents$132.3M+17.0%
Total debt$19.8B+6,407%
Total equity$3.7B+41.3%
Total assets$28.5B+21.3%

Cash flow

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Operating cash flow$1.4B+67.9%
CapEx$1.0B+11.5%
Free cash flow$431.2M

Valuation

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Market cap$55.83B+57.8%
Enterprise value$75.51B+112%
P/E24.6×+3.0×
P/S3.3×+1.3×

Profitability

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Gross margin43.2%+7.5pp
Operating margin22.9%+5.3pp
Net margin13.5%+4.0pp
FCF margin4.8%-3.1pp

Returns & leverage

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Return on equity72.6%+7.8pp
Current ratio0.8×+0.1×

Where this comes from

Calculated from Targa Resources’s reported figures.

Based on the most recent quarter.

The source filing: Targa Resources’s 10-Q, filed August 6, 2026. Open the filing →

Filed
Aug 6, 2026, 2:56 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001193125-26-337729

FAQ

What is Targa Resources's debt-to-equity?
Targa Resources (TRGP) reported debt-to-equity of 5.4× in Q2 2026.
How has Targa Resources's debt-to-equity changed year-over-year?
Targa Resources's debt-to-equity increased by 4504.0% year-over-year, from 0.1× to 5.4×.
What is the long-term trend for Targa Resources's debt-to-equity?
Over 5 years (2020 to 2025), Targa Resources's debt-to-equity has grown at a 178.2% compound annual growth rate (CAGR), from 0× to 5.6×.
What does debt-to-equity mean?
Total debt (including capitalized leases and financing obligations) divided by shareholders' equity at the quarter end. Measures how much the company is financed by debt relative to equity.

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