Targa Resources annual total debt
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2025
Targa Resources Total Debt Growth & History (TRGP)
Targa Resources's total debt was $16.78B for fiscal 2025.
View full Targa Resources company overviewTarga Resources annual total debt history
| Fiscal year | Period ended | Total debt | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $16.78B | $2.87B | +20.67% |
| 2024 | 2024-12-31 | $13.90B | $1.49B | +12.01% |
| 2023 | 2023-12-31 | $12.41B | $1.67B | +15.51% |
| 2022 | 2022-12-31 | $10.75B | $4.26B | +65.80% |
| 2021 | 2021-12-31 | $6.48B | −$964.7M | −12.96% |
| 2020 | 2020-12-31 | $7.45B | −$49.9M | −0.67% |
| 2019 | 2019-12-31 | $7.50B | $833.4M | +12.51% |
| 2018 | 2018-12-31 | $6.66B | $1.61B | +31.84% |
| 2017 | 2017-12-31 | $5.05B | $172.0M | +3.52% |
| 2016 | 2016-12-31 | $4.88B | −$837.8M | −14.65% |
| 2015 | 2015-12-31 | $5.72B | $2.83B | +98.20% |
| 2014 | 2014-12-31 | $2.89B | −$103.9M | −3.48% |
| 2013 | 2013-12-31 | $2.99B | $514.0M | +20.77% |
| 2012 | 2012-12-31 | $2.48B | $908.3M | +57.96% |
| 2011 | 2011-12-31 | $1.57B | $32.3M | +2.10% |
| 2010 | 2010-12-31 | $1.53B | — | — |
Targa Resources quarterly total debt
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| Fiscal quarter | Period ended | Total debt | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $19.02B | $2.94B | +18.27% |
| Q1 2026 | 2026-03-31 | $18.43B | $2.89B | +18.57% |
| Q4 2025 | 2025-12-31 | $16.78B | $2.87B | +20.67% |
| Q3 2025 | 2025-09-30 | $16.74B | $3.06B | +22.36% |
| Q2 2025 | 2025-06-30 | $16.08B | $3.04B | +23.28% |
| Q1 2025 | 2025-03-31 | $15.55B | $2.96B | +23.53% |
| Q4 2024 | 2024-12-31 | $13.90B | $1.49B | +12.01% |
| Q3 2024 | 2024-09-30 | $13.68B | $1.33B | +10.75% |
| Q2 2024 | 2024-06-30 | $13.05B | $1.19B | +10.07% |
| Q1 2024 | 2024-03-31 | $12.59B | $1.12B | +9.76% |
| Q4 2023 | 2023-12-31 | $12.41B | $1.67B | +15.51% |
| Q3 2023 | 2023-09-30 | $12.35B | $1.86B | +17.76% |
| Q2 2023 | 2023-06-30 | $11.85B | $4.81B | +68.21% |
| Q1 2023 | 2023-03-31 | $11.47B | $4.50B | +64.64% |
| Q4 2022 | 2022-12-31 | $10.75B | $4.26B | +65.80% |
| Q3 2022 | 2022-09-30 | $10.49B | $4.06B | +63.05% |
| Q2 2022 | 2022-06-30 | $7.05B | $442.4M | +6.70% |
| Q1 2022 | 2022-03-31 | $6.96B | −$125.8M | −1.77% |
| Q4 2021 | 2021-12-31 | $6.48B | −$964.7M | −12.96% |
| Q3 2021 | 2021-09-30 | $6.43B | −$1.22B | −15.92% |
| Q2 2021 | 2021-06-30 | $6.60B | −$975.8M | −12.87% |
| Q1 2021 | 2021-03-31 | $7.09B | −$549.1M | −7.19% |
| Q4 2020 | 2020-12-31 | $7.45B | −$49.9M | −0.67% |
| Q3 2020 | 2020-09-30 | $7.65B | $31.0M | +0.41% |
| Q2 2020 | 2020-06-30 | $7.58B | $545.8M | +7.76% |
| Q1 2020 | 2020-03-31 | $7.64B | $125.0M | +1.66% |
| Q4 2019 | 2019-12-31 | $7.50B | $833.4M | +12.51% |
| Q3 2019 | 2019-09-30 | $7.62B | $1.94B | +34.20% |
| Q2 2019 | 2019-06-30 | $7.03B | $1.64B | +30.44% |
| Q1 2019 | 2019-03-31 | $7.51B | $2.45B | +48.39% |
| Q4 2018 | 2018-12-31 | $6.66B | $1.61B | +31.84% |
| Q3 2018 | 2018-09-30 | $5.68B | $781.7M | +15.96% |
| Q2 2018 | 2018-06-30 | $5.39B | $954.5M | +21.51% |
| Q1 2018 | 2018-03-31 | $5.06B | $315.4M | +6.64% |
| Q4 2017 | 2017-12-31 | $5.05B | $172.0M | +3.52% |
| Q3 2017 | 2017-09-30 | $4.90B | $171.3M | +3.62% |
| Q2 2017 | 2017-06-30 | $4.44B | −$340.3M | −7.12% |
| Q1 2017 | 2017-03-31 | $4.75B | −$172.4M | −3.50% |
| Q4 2016 | 2016-12-31 | $4.88B | −$837.8M | −14.65% |
| Q3 2016 | 2016-09-30 | $4.73B | −$1.21B | −20.42% |
| Q2 2016 | 2016-06-30 | $4.78B | −$1.02B | −17.56% |
| Q1 2016 | 2016-03-31 | $4.92B | −$917.0M | −15.71% |
| Q4 2015 | 2015-12-31 | $5.72B | $2.83B | +98.20% |
| Q3 2015 | 2015-09-30 | $5.94B | $2.80B | +89.30% |
| Q2 2015 | 2015-06-30 | $5.80B | $2.75B | +90.15% |
| Q1 2015 | 2015-03-31 | $5.84B | $2.95B | +101.90% |
| Q4 2014 | 2014-12-31 | $2.89B | −$103.9M | −3.48% |
| Q3 2014 | 2014-09-30 | $3.14B | $269.3M | +9.39% |
| Q2 2014 | 2014-06-30 | $3.05B | $320.2M | +11.74% |
| Q1 2014 | 2014-03-31 | $2.89B | — | — |
| Q4 2013 | 2013-12-31 | $2.99B | $514.0M | +20.77% |
| Q3 2013 | 2013-09-30 | $2.87B | $1.12B | +63.79% |
| Q2 2013 | 2013-06-30 | $2.73B | $1.12B | +69.41% |
| Q4 2012 | 2012-12-31 | $2.48B | $908.3M | +57.96% |
| Q3 2012 | 2012-09-30 | $1.75B | $147.6M | +9.21% |
| Q2 2012 | 2012-06-30 | $1.61B | $344.5M | +27.22% |
| Q1 2012 | 2012-03-31 | $1.47B | — | — |
| Q4 2011 | 2011-12-31 | $1.57B | $32.3M | +2.10% |
| Q3 2011 | 2011-09-30 | $1.60B | — | — |
| Q2 2011 | 2011-06-30 | $1.27B | — | — |
| Q4 2010 | 2010-12-31 | $1.53B | — | — |
Targa Resources total debt trends
Over the last five fiscal years, Targa Resources's total debt increased from $7.45B to $16.78B, a change of $9.33B. The latest reported quarter, Q2 2026, shows $19.02B.
About the metric
What total debt means
Total debt measures a company’s reported interest-bearing borrowing obligations at a reporting-period end. It can include short-term borrowings, current maturities, long-term debt, and finance lease obligations when they are included in the company’s debt facts.
Calculation and source
SEC-reported and combined total debt
TickerStat uses a reported aggregate debt value when available. Otherwise, it combines non-overlapping current and noncurrent debt facts from SEC filings. Total liabilities are not treated as debt, and missing debt is not assumed to be zero. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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