What is Targa Resources's total debt?

Targa Resources (TRGP) reported total debt of $346.5M in Q1 2026.

How has Targa Resources's total debt changed year-over-year?

Targa Resources's total debt increased by 17.0% year-over-year, from $296.2M to $346.5M.

What is the long-term trend for Targa Resources's total debt?

Over 5 years (2020 to 2025), Targa Resources's total debt has grown at a 39.3% compound annual growth rate (CAGR), from $89M to $467.3M.

Targa Resources TRGP Total debt

Total debt at other companies

DT MidstreamDTM

$3.37B-1.8%

OneokOKE

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Enterprise Products PartnersEPD

——

Energy TransferET

——

Kinder MorganKMI

——

MPLXMPLX

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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 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.

$249.6Mfinance lease liabilities=$346.5M

Plus components not separately reported this period.

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 total debt?: Targa Resources (TRGP) reported total debt of $346.5M in Q1 2026.
How has Targa Resources's total debt changed year-over-year?: Targa Resources's total debt increased by 17.0% year-over-year, from $296.2M to $346.5M.
What is the long-term trend for Targa Resources's total debt?: Over 5 years (2020 to 2025), Targa Resources's total debt has grown at a 39.3% compound annual growth rate (CAGR), from $89M to $467.3M.