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Targa Resources TRGP Net debt / EBITDA

Net debt / EBITDA at other companies

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OneokOKE
4.3×-0.3×
Enterprise Products Partners logo
Enterprise Products PartnersEPD
4.5×+0.2×
Energy Transfer logo
Energy TransferET
4.6×+0.4×
Kinder Morgan logo
Kinder MorganKMI
-0.5×
Antero Midstream Corporation logo
Antero Midstream CorporationAM
4.3×+0.7×
DT Midstream logo
DT MidstreamDTM
3.6×-1.0×

Other financials

Income statement

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Revenue$4.1B-10.2%
Gross profit$1.7B+30.4%
Operating income$846.9M+55.9%
Net income$479.6M+77.3%
EPS (diluted)$2.21+143%

Balance sheet

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Cash & equivalents$100.1M-33.9%
Total debt$346.5M+17.0%
Total equity$3.1B+27.9%
Total assets$27.1B+18.9%

Cash flow

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Operating cash flow$739.5M-22.5%
CapEx$899.5M+13.5%
Free cash flow-$160.0M-199%

Valuation

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Market cap$55.5B+23.5%
Enterprise value$55.75B+23.6%
P/E26×-8.4×
P/S3.4×+0.6×

Profitability

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Gross margin41.8%+7.3pp
Operating margin21.9%+6.1pp
Net margin12.9%+4.9pp

Returns & leverage

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Return on equity76.3%+25.6pp
Debt / equity0.1×0.0×
Current ratio0.7×+0.1×

Where this comes from

Calculated from Targa Resources’s reported figures.

Based on the most recent quarter.

The official record: Targa Resources’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Targa Resources's net debt / EBITDA?
Targa Resources (TRGP) reported net debt / EBITDA of 0× in Q1 2026.
How has Targa Resources's net debt / EBITDA changed year-over-year?
Targa Resources's net debt / EBITDA increased by 32.1% year-over-year, from 0× to 0×.
What is the long-term trend for Targa Resources's net debt / EBITDA?
Over 3 years (2022 to 2025), Targa Resources's net debt / EBITDA has grown at a 50.5% compound annual growth rate (CAGR), from 0× to 0.1×.
What does net debt / EBITDA mean?
How many years of operating earnings it would take to pay off the company's net debt.
How do you interpret net debt / EBITDA?
Lower is safer; lenders often covenant around 3–4×. A negative value means net cash (more cash than debt), a position of strength. Spikes can reflect a temporary EBITDA dip rather than new borrowing.
How does net debt / EBITDA compare across companies?
A standard leverage yardstick across non-financial sectors; covenant thresholds vary by industry cash-flow stability.