Latest period
$19.13B
YoY change
+23.0%
5Y CAGR
+17.6%
Peak year (2025)
$17.55B
Latest annual
$17.55B
Total Debt history chart for Targa Resources (TRGP) from 2008 to 2025
Latest: $17.55B
Total Debt growth chart for Targa Resources (TRGP) from 2008 to 2025
Latest: +23.0%
Total Debt history table for Targa Resources (TRGP) from 2008 to 2025
| 2025 | $17.55B | +23.0% | +$3.28B | ||
| 2024 | $14.27B | +9.6% | +$1.25B | ||
| 2023 | $13.01B | +12.5% | +$1.45B | ||
| 2022 | $11.56B | +74.4% | +$4.93B | ||
| 2021 | $6.63B | -15.0% | −$1.17B | ||
| 2020 | $7.80B | -0.9% | −$67.70M | ||
| 2019 | $7.87B | +18.2% | +$1.21B | ||
| 2018 | $6.66B | +31.8% | +$1.61B | ||
| 2017 | $5.05B | +3.5% | +$172.00M | ||
| 2016 | $4.88B | -18.4% | −$1.10B | ||
| 2015 | $5.98B | +94.9% | +$2.91B | ||
| 2014 | $3.07B | +2.6% | +$78.90M | ||
| 2013 | $2.99B | +20.8% | +$514.00M | ||
| 2012 | $2.48B | +58.0% | +$908.30M | ||
| 2011 | $1.57B | +2.1% | +$32.30M | ||
| 2010 | $1.53B | -4.4% | −$71.30M | ||
| 2009 | $1.61B | -19.3% | −$383.00M | ||
| 2008 | $1.99B | — | — |
- 2025$17.55B+23.0%
- 2024$14.27B+9.6%
- 2023$13.01B+12.5%
- 2022$11.56B+74.4%
- 2021$6.63B-15.0%
- 2020$7.80B-0.9%
- 2019$7.87B+18.2%
- 2018$6.66B+31.8%
- 2017$5.05B+3.5%
- 2016$4.88B-18.4%
- 2015$5.98B+94.9%
- 2014$3.07B+2.6%
- 2013$2.99B+20.8%
- 2012$2.48B+58.0%
- 2011$1.57B+2.1%
- 2010$1.53B-4.4%
- 2009$1.61B-19.3%
- 2008$1.99B—
Total Debt values are taken from Targa Resources's reported balance sheets (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About Total Debt at Targa Resources (TRGP)
According to Targa Resources's latest reported financial statements, the company's latest reported total debt is $19.13B. Total debt is the sum of short-term and long-term interest-bearing borrowings on the balance sheet (notes, bonds, term loans, lease liabilities). Useful for leverage and refinancing risk — compare with cash on hand for net leverage, and total liabilities for the broader obligations picture.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
As of the 2025 fiscal year, Targa Resources (TRGP) reported total debt of $17.55B – grew 23.0% year-over-year.
Targa Resources total debt has grown on net over the period, with a +17.6% compound annual growth rate over 2020–2025 (5 years).
2025 marks the peak total debt at $17.55B, with the historical low of $1.53B recorded in 2010.
Targa Resources Total Debt by Year
Targa Resources Total Debt 2025: $17.55B
In 2025, Targa Resources reported total debt of $17.55B, grew 23.0% from 2024. This figure represents the highest annual value in the available history.
Targa Resources Total Debt 2024: $14.27B
Targa Resources total debt in 2024 was $14.27B, grew 9.6% from 2023.
Targa Resources Total Debt 2023: $13.01B
2023's total debt for Targa Resources came in at $13.01B, grew 12.5% from 2022.
Targa Resources Total Debt 2022: $11.56B
Targa Resources posted total debt of $11.56B in 2022, surged 74.4% from 2021.
Targa Resources Total Debt 2021: $6.63B
Targa Resources total debt in 2021 was $6.63B.
See more financial history for Targa Resources (TRGP).
Sector peers by Total Debt
Energy peers of Targa Resources (TRGP), ranked by their latest total debt
| $106.40B | |
| $46.74B | |
| $43.54B | |
| $34.36B | |
| $29.36B | |
| $23.44B | |
| $12.31B | |
| $11.70B |
- $106.40B
- $46.74B
- $43.54B
- $34.36B
- $29.36B
- $23.44B
- $12.31B
- $11.70B
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