Total Debt for Targa Resources (TRGP)
According to Targa Resources's latest reported financial statements, the company's latest reported total debt is $17.55B USD. 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 — combine with cash on hand for net debt, and see 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 .
TRGP
Currently viewingTotal DebtSwitch metric
Latest period
$17.55B
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
Total Debt history table for Targa Resources (TRGP) from 2008 to 2025
| Fiscal year | Period ended | Reported | Total Debt | YoY |
|---|---|---|---|---|
| 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 (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
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 recorded the values shown across consecutive periods, 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.
Among 8 Energy peers, Targa Resources (TRGP) ranks 6th; the peer median for total debt is $26.40B.
Targa Resources Total Debt by Year
Targa Resources Total Debt 2025: $17.55B
Targa Resources total debt in 2025 was $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
Targa Resources total debt in 2023 was $13.01B, grew 12.5% from 2022.
Targa Resources Total Debt 2022: $11.56B
Targa Resources total debt in 2022 was $11.56B, 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 — Total Debt
Companies in the same sector as Targa Resources, ranked by their latest total debt.
| Company | Total Debt | Sector |
|---|---|---|
| Enbridge Inc. (ENB) | $106.40B | Energy |
| Chevron Corporation (CVX) | $46.74B | Energy |
| Exxon Mobil Corporation (XOM) | $43.54B | Energy |
| The Williams Companies, Inc. (WMB) | $29.36B | Energy |
| ConocoPhillips (COP) | $23.44B | Energy |
| SLB N.V. (SLB) | $12.31B | Energy |
| Valero Energy Corporation (VLO) | $10.62B | Energy |
| EOG Resources, Inc. (EOG) | $8.41B | Energy |
Frequently asked questions
What is Targa Resources's total debt?
- Latest reported total debt for Targa Resources (TRGP) is $17.55B (period ending December 31, 2025).
How has Targa Resources total debt changed year-over-year?
- Targa Resources (TRGP) total debt changed +23.0% year-over-year on the latest annual filing.
What is the long-term growth rate of Targa Resources total debt?
- Targa Resources (TRGP) total debt compound annual growth rate is +17.6% over the most recent 5 years available.
When did Targa Resources total debt hit its highest annual value?
- Targa Resources total debt reached its highest annual value of $17.55B in 2025.
What was Targa Resources total debt in 2024?
- Targa Resources (TRGP) total debt in 2024 was $14.27B.
What was Targa Resources total debt in 2025?
- Targa Resources (TRGP) total debt in 2025 was $17.55B.
Metrics overview
Pick a metric for charts, filings, and peers — each row shows the latest TTM or annual value with year-over-year change.
Explore more
TRGP Overview
Company profile, financial tools, and key metrics
TRGP Revenue Counter
Earns $543.39 every second. See per minute, hour, and day.
TRGP Earnings Counter
Earns $58.49 per second net profit. See per minute, hour, and day.
TRGP Economic Scale
Exceeds North Macedonia's GDP. Compare with world economies.
TRGP What If Invested
What if you had invested $1,000? See historical returns from any date.
TRGP How It Makes Money
Discover visual breakdown of $17.14B in revenue — where it comes from and where it goes.
TRGP Stock Seasonality
Best and worst months to invest. Historical monthly returns heatmap.
TRGP Price Target Scenarios
Model bear, base, and bull cases with EPS growth and exit P/E — pre-filled from analysts and history.
TRGP Daily Price Character
Explosive · 53.3% historical win rate (green days). Streaks & record days.
TRGP Buybacks
1.62% TTM buyback yield. Shareholder yield & SBC comparison.
TRGP Dividend Profile
Yield: 1.60%. Safety: 4/8. See full history.
TRGP Dividend Calculator
How much dividend income would $1,000 have earned? Calculate from any date.
TRGP Dividend Forecast
Project future income with DRIP, growth assumptions, and optional monthly contributions.