Targa Resources Corp. (TRGP) stock
TRGPNYSENatural Gas TransmissionFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Nov 5, 2026Score 10/3029% above fair value
$297.33+1.03 (+0.35%)
Close on Nov 13, 2026Market cap $63.76BP/E 26.3Yield 1.26%
Targa Resources total debt
Total debt is short-term plus long-term borrowings on the balance sheet at the end of each period.
Targa Resources's total debt was $19.28B at Sep 30, 2026. For fiscal 2025 it was $16.66B, up 20.9% from the year before. Over ten years it grew 11.3% a year on average. The highest annual figure on record is $16.66B in fiscal 2025.
Annual total debt
| Period | Period end | Value | Change |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $16.66B | +20.9% |
| FY2024 | Dec 31, 2024 | $13.79B | +11.8% |
| FY2023 | Dec 31, 2023 | $12.33B | +15.2% |
| FY2022 | Dec 31, 2022 | $10.70B | +62.5% |
| FY2021 | Dec 31, 2021 | $6.58B | -15.0% |
| FY2020 | Dec 31, 2020 | $7.74B | -0.9% |
| FY2019 | Dec 31, 2019 | $7.81B | +17.2% |
| FY2018 | Dec 31, 2018 | $6.66B | +31.8% |
| FY2017 | Dec 31, 2017 | $5.05B | +3.5% |
| FY2016 | Dec 31, 2016 | $4.88B | -14.6% |
| FY2015 | Dec 31, 2015 | $5.72B | +98.2% |
| FY2014 | Dec 31, 2014 | $2.89B | -3.5% |
| FY2013 | Dec 31, 2013 | $2.99B | +20.8% |
| FY2012 | Dec 31, 2012 | $2.48B | +58.0% |
| FY2011 | Dec 31, 2011 | $1.57B | +2.1% |
| FY2010 | Dec 31, 2010 | $1.53B | – |
Quarterly total debt
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change |
|---|---|---|---|
| Q3 FY2026 | Sep 30, 2026 | $19.28B | +15.2% |
| Q2 FY2026 | Jun 30, 2026 | $19.02B | +18.3% |
| Q1 FY2026 | Mar 31, 2026 | $18.43B | +18.6% |
| Q4 FY2025 | Dec 31, 2025 | $16.66B | +20.9% |
| Q3 FY2025 | Sep 30, 2025 | $16.74B | +23.1% |
| Q2 FY2025 | Jun 30, 2025 | $16.08B | +24.0% |
| Q1 FY2025 | Mar 31, 2025 | $15.55B | +24.3% |
| Q4 FY2024 | Dec 31, 2024 | $13.79B | +11.8% |
| Q3 FY2024 | Sep 30, 2024 | $13.60B | +10.4% |
| Q2 FY2024 | Jun 30, 2024 | $12.97B | +9.8% |
| Q1 FY2024 | Mar 31, 2024 | $12.51B | +9.4% |
| Q4 FY2023 | Dec 31, 2023 | $12.33B | +15.2% |
| Q3 FY2023 | Sep 30, 2023 | $12.32B | +18.1% |
| Q2 FY2023 | Jun 30, 2023 | $11.81B | +67.6% |
| Q1 FY2023 | Mar 31, 2023 | $11.44B | +64.2% |
| Q4 FY2022 | Dec 31, 2022 | $10.70B | +62.5% |
| Q3 FY2022 | Sep 30, 2022 | $10.43B | +54.0% |
| Q2 FY2022 | Jun 30, 2022 | $7.05B | +1.2% |
| Q1 FY2022 | Mar 31, 2022 | $6.96B | -5.4% |
| Q4 FY2021 | Dec 31, 2021 | $6.58B | -15.0% |
| Q3 FY2021 | Sep 30, 2021 | $6.77B | -11.5% |
| Q2 FY2021 | Jun 30, 2021 | $6.96B | -8.1% |
| Q1 FY2021 | Mar 31, 2021 | $7.36B | -3.7% |
| Q4 FY2020 | Dec 31, 2020 | $7.74B | -0.9% |
| Q3 FY2020 | Sep 30, 2020 | $7.65B | +1.7% |
| Q2 FY2020 | Jun 30, 2020 | $7.58B | +9.3% |
| Q1 FY2020 | Mar 31, 2020 | $7.64B | +2.9% |
| Q4 FY2019 | Dec 31, 2019 | $7.81B | +17.2% |
| Q3 FY2019 | Sep 30, 2019 | $7.53B | +32.5% |
| Q2 FY2019 | Jun 30, 2019 | $6.94B | +28.6% |
| Q1 FY2019 | Mar 31, 2019 | $7.43B | +46.6% |
| Q4 FY2018 | Dec 31, 2018 | $6.66B | +31.8% |
| Q3 FY2018 | Sep 30, 2018 | $5.68B | +16.0% |
| Q2 FY2018 | Jun 30, 2018 | $5.39B | +21.5% |
| Q1 FY2018 | Mar 31, 2018 | $5.06B | +6.6% |
| Q4 FY2017 | Dec 31, 2017 | $5.05B | +3.5% |
| Q3 FY2017 | Sep 30, 2017 | $4.90B | – |
| Q2 FY2017 | Jun 30, 2017 | $4.44B | – |
| Q1 FY2017 | Mar 31, 2017 | $4.75B | – |
| Q4 FY2016 | Dec 31, 2016 | $4.88B | – |
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