Targa Resources annual net debt
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2025
Targa Resources Net Debt Growth & History (TRGP)
Targa Resources's net debt was $16.61B for fiscal 2025.
View full Targa Resources company overviewTarga Resources annual net debt history
| Fiscal year | Period ended | Net debt | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $16.61B | $2.86B | +20.84% |
| 2024 | 2024-12-31 | $13.75B | $1.48B | +12.02% |
| 2023 | 2023-12-31 | $12.27B | $1.74B | +16.57% |
| 2022 | 2022-12-31 | $10.53B | $4.20B | +66.50% |
| 2021 | 2021-12-31 | $6.32B | −$880.4M | −12.22% |
| 2020 | 2020-12-31 | $7.20B | $38.4M | +0.54% |
| 2019 | 2019-12-31 | $7.16B | $734.4M | +11.42% |
| 2018 | 2018-12-31 | $6.43B | $1.51B | +30.80% |
| 2017 | 2017-12-31 | $4.92B | $108.3M | +2.25% |
| 2016 | 2016-12-31 | $4.81B | −$771.1M | −13.82% |
| 2015 | 2015-12-31 | $5.58B | $2.77B | +98.92% |
| 2014 | 2014-12-31 | $2.80B | −$118.2M | −4.04% |
| 2013 | 2013-12-31 | $2.92B | $523.6M | +21.83% |
| 2012 | 2012-12-31 | $2.40B | $977.8M | +68.80% |
| 2011 | 2011-12-31 | $1.42B | $74.9M | +5.56% |
| 2010 | 2010-12-31 | $1.35B | — | — |
Targa Resources quarterly net debt
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Q2.26
| Fiscal quarter | Period ended | Net debt | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $18.89B | $2.92B | +18.28% |
| Q1 2026 | 2026-03-31 | $18.33B | $2.94B | +19.08% |
| Q4 2025 | 2025-12-31 | $16.61B | $2.86B | +20.84% |
| Q3 2025 | 2025-09-30 | $16.62B | $3.06B | +22.60% |
| Q2 2025 | 2025-06-30 | $15.97B | $3.09B | +23.99% |
| Q1 2025 | 2025-03-31 | $15.40B | $2.92B | +23.41% |
| Q4 2024 | 2024-12-31 | $13.75B | $1.48B | +12.02% |
| Q3 2024 | 2024-09-30 | $13.56B | $1.34B | +10.98% |
| Q2 2024 | 2024-06-30 | $12.88B | $1.20B | +10.24% |
| Q1 2024 | 2024-03-31 | $12.48B | $1.22B | +10.85% |
| Q4 2023 | 2023-12-31 | $12.27B | $1.74B | +16.57% |
| Q3 2023 | 2023-09-30 | $12.21B | $1.92B | +18.61% |
| Q2 2023 | 2023-06-30 | $11.68B | $4.79B | +69.51% |
| Q1 2023 | 2023-03-31 | $11.26B | $4.43B | +64.81% |
| Q4 2022 | 2022-12-31 | $10.53B | $4.20B | +66.50% |
| Q3 2022 | 2022-09-30 | $10.30B | $4.09B | +65.95% |
| Q2 2022 | 2022-06-30 | $6.89B | $497.4M | +7.78% |
| Q1 2022 | 2022-03-31 | $6.83B | −$13.2M | −0.19% |
| Q4 2021 | 2021-12-31 | $6.32B | −$880.4M | −12.22% |
| Q3 2021 | 2021-09-30 | $6.21B | −$1.17B | −15.88% |
| Q2 2021 | 2021-06-30 | $6.39B | −$988.6M | −13.39% |
| Q1 2021 | 2021-03-31 | $6.84B | −$422.4M | −5.81% |
| Q4 2020 | 2020-12-31 | $7.20B | $38.4M | +0.54% |
| Q3 2020 | 2020-09-30 | $7.38B | $82.3M | +1.13% |
| Q2 2020 | 2020-06-30 | $7.38B | $576.1M | +8.46% |
| Q1 2020 | 2020-03-31 | $7.26B | −$125.3M | −1.70% |
| Q4 2019 | 2019-12-31 | $7.16B | $734.4M | +11.42% |
| Q3 2019 | 2019-09-30 | $7.29B | $1.82B | +33.22% |
| Q2 2019 | 2019-06-30 | $6.81B | $1.70B | +33.19% |
| Q1 2019 | 2019-03-31 | $7.39B | $2.55B | +52.55% |
| Q4 2018 | 2018-12-31 | $6.43B | $1.51B | +30.80% |
| Q3 2018 | 2018-09-30 | $5.48B | $692.6M | +14.48% |
| Q2 2018 | 2018-06-30 | $5.11B | $771.6M | +17.78% |
| Q1 2018 | 2018-03-31 | $4.84B | $175.6M | +3.76% |
| Q4 2017 | 2017-12-31 | $4.92B | $108.3M | +2.25% |
| Q3 2017 | 2017-09-30 | $4.78B | $198.3M | +4.33% |
| Q2 2017 | 2017-06-30 | $4.34B | −$268.1M | −5.82% |
| Q1 2017 | 2017-03-31 | $4.67B | −$137.9M | −2.87% |
| Q4 2016 | 2016-12-31 | $4.81B | −$771.1M | −13.82% |
| Q3 2016 | 2016-09-30 | $4.58B | −$1.25B | −21.44% |
| Q2 2016 | 2016-06-30 | $4.61B | −$1.08B | −19.03% |
| Q1 2016 | 2016-03-31 | $4.81B | −$859.1M | −15.16% |
| Q4 2015 | 2015-12-31 | $5.58B | $2.77B | +98.92% |
| Q3 2015 | 2015-09-30 | $5.84B | $2.78B | +90.82% |
| Q2 2015 | 2015-06-30 | $5.69B | $2.72B | +91.45% |
| Q1 2015 | 2015-03-31 | $5.67B | $2.87B | +102.58% |
| Q4 2014 | 2014-12-31 | $2.80B | −$118.2M | −4.04% |
| Q3 2014 | 2014-09-30 | $3.06B | $274.2M | +9.85% |
| Q2 2014 | 2014-06-30 | $2.97B | $327.2M | +12.37% |
| Q1 2014 | 2014-03-31 | $2.80B | — | — |
| Q4 2013 | 2013-12-31 | $2.92B | $523.6M | +21.83% |
| Q3 2013 | 2013-09-30 | $2.78B | $1.15B | +70.78% |
| Q2 2013 | 2013-06-30 | $2.65B | $1.15B | +77.19% |
| Q4 2012 | 2012-12-31 | $2.40B | $977.8M | +68.80% |
| Q3 2012 | 2012-09-30 | $1.63B | $181.0M | +12.49% |
| Q2 2012 | 2012-06-30 | $1.49B | $381.7M | +34.35% |
| Q1 2012 | 2012-03-31 | $1.35B | — | — |
| Q4 2011 | 2011-12-31 | $1.42B | $74.9M | +5.56% |
| Q3 2011 | 2011-09-30 | $1.45B | — | — |
| Q2 2011 | 2011-06-30 | $1.11B | — | — |
| Q4 2010 | 2010-12-31 | $1.35B | — | — |
Targa Resources net debt trends
Over the last five fiscal years, Targa Resources's net debt increased from $7.20B to $16.61B, a change of $9.41B. The latest reported quarter, Q2 2026, shows $18.89B.
About the metric
What net debt means
Net debt compares a company’s interest-bearing debt with its cash and cash equivalents. Positive net debt means debt exceeds cash, while a negative value indicates the company has more cash than debt on this measure.
Calculation and source
How net debt is calculated
TickerStat calculates net debt as total interest-bearing debt minus cash and cash equivalents at the same reporting-period end. Short-term investments are not subtracted because they are not included in the standardized cash series. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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