63/100B295.29
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Q4 FY2026 · Earnings report
EPS estimate 2.91Revenue estimate 5.19B
Q4 FY2026 · Earnings report
EPS estimate 2.91Revenue estimate 5.19B
Targa Resources total debt 2008–2026What is the debt to equity ratio? Debt to equity is a company's total debt divided by its shareholders' equity: how much it has borrowed for each dollar its owners have in the business.
Targa Resources's total debt was 19.84B USD on 30 September 2026, up 13.8% on a year before. At the end of fiscal year 2025 it was 17.55B USD.
Last updated 8 Nov 2026 · Next report 18 Feb 2027
Total debt
Growth
| Fiscal year | Period ending | Total debt | Growth | Cash and short-term investments | Net cash | Debt to equity |
|---|---|---|---|---|---|---|
| Latest quarter | 30 Sept 2026 | 19.84B | +13.84% | 142.60M | -19.70B | 5.20 |
| FY2025 | 31 Dec 2025 | 17.55B | +23.00% | 166.10M | -17.38B | 5.72 |
| FY2024 | 31 Dec 2024 | 14.27B | +9.64% | 157.30M | -14.11B | 5.50 |
| FY2023 | 31 Dec 2023 | 13.01B | +12.50% | 141.70M | -12.87B | 4.75 |
| FY2022 | 31 Dec 2022 | 11.57B | +74.39% | 219.00M | -11.35B | 4.34 |
| FY2021 | 31 Dec 2021 | 6.63B | -15.00% | 158.50M | -6.47B | 3.30 |
| FY2020 | 31 Dec 2020 | 7.80B | -0.86% | 242.80M | -7.56B | 2.94 |
| FY2019 | 31 Dec 2019 | 7.87B | +18.16% | 331.10M | -7.54B | 1.60 |
| FY2018 | 31 Dec 2018 | 6.66B | +31.81% | 232.10M | -6.43B | 1.10 |
| FY2017 | 31 Dec 2017 | 5.05B | +3.52% | 137.20M | -4.92B | 0.82 |
| FY2016 | 31 Dec 2016 | 4.88B | -18.39% | 73.50M | -4.81B | 0.93 |
| FY2015 | 31 Dec 2015 | 5.98B | +94.93% | 140.20M | -5.84B | 4.09 |
| FY2014 | 31 Dec 2014 | 3.07B | +2.64% | 81.00M | -2.99B | 18.07 |
| FY2013 | 31 Dec 2013 | 2.99B | +20.77% | 66.70M | -2.92B | 20.09 |
| FY2012 | 31 Dec 2012 | 2.48B | +57.96% | 76.30M | -2.40B | 17.18 |
| FY2011 | 31 Dec 2011 | 1.57B | +2.10% | 145.80M | -1.42B | 9.91 |
| FY2010 | 31 Dec 2010 | 1.53B | -4.44% | 188.40M | -1.35B | 10.64 |
| FY2009 | 31 Dec 2009 | 1.61B | -19.26% | 252.40M | -1.35B | 18.38 |
| FY2008 | 31 Dec 2008 | 1.99B | — | 362.80M | -1.63B | 14.77 |
| Quarter | Period ending | Total debt | Growth on a year before | Cash and short-term investments | Net cash | Debt to equity |
|---|---|---|---|---|---|---|
| Q3 FY2026 | 30 Sept 2026 | 19.84B | +13.84% | 142.60M | -19.70B | 5.20 |
| Q2 FY2026 | 30 Jun 2026 | 20.14B | +19.50% | 132.30M | -20.00B | 5.51 |
| Q1 FY2026 | 31 Mar 2026 | 19.13B | +18.03% | 100.10M | -19.03B | 6.10 |
| Q4 FY2025 | 31 Dec 2025 | 17.55B | +23.00% | 166.10M | -17.38B | 5.72 |
| Q3 FY2025 | 30 Sept 2025 | 17.43B | +21.59% | 223.90M | -17.21B | 6.44 |
| Q2 FY2025 | 30 Jun 2025 | 16.85B | +23.48% | 113.10M | -16.74B | 6.51 |
| Q1 FY2025 | 31 Mar 2025 | 16.21B | +23.42% | 151.40M | -16.06B | 6.61 |
| Q4 FY2024 | 31 Dec 2024 | 14.27B | +9.64% | 157.30M | -14.11B | 5.50 |
| Q3 FY2024 | 30 Sept 2024 | 14.34B | +10.65% | 127.20M | -14.21B | 5.57 |
| Q2 FY2024 | 30 Jun 2024 | 13.65B | +9.71% | 166.40M | -13.48B | 5.53 |
| Q1 FY2024 | 31 Mar 2024 | 13.13B | +7.59% | 109.90M | -13.02B | 4.86 |
| Q4 FY2023 | 31 Dec 2023 | 13.01B | +12.50% | 141.70M | -12.87B | 4.75 |
| Q3 FY2023 | 30 Sept 2023 | 12.96B | +15.09% | 139.50M | -12.82B | 5.17 |
| Q2 FY2023 | 30 Jun 2023 | 12.44B | +66.72% | 169.40M | -12.27B | 4.65 |
| Q1 FY2023 | 31 Mar 2023 | 12.21B | +68.39% | 211.80M | -11.99B | 4.79 |
| Q4 FY2022 | 31 Dec 2022 | 11.57B | +74.39% | 219.00M | -11.35B | 4.34 |
| Q3 FY2022 | 30 Sept 2022 | 11.26B | +65.88% | 192.90M | -11.06B | 4.72 |
| Q2 FY2022 | 30 Jun 2022 | 7.46B | +6.96% | 154.00M | -7.31B | 3.60 |
| Q1 FY2022 | 31 Mar 2022 | 7.25B | -1.68% | 135.90M | -7.11B | 4.27 |
| Q4 FY2021 | 31 Dec 2021 | 6.63B | -15.00% | 158.50M | -6.47B | 3.30 |
| Q3 FY2021 | 30 Sept 2021 | 6.79B | -14.25% | 228.60M | -6.56B | 3.11 |
| Q2 FY2021 | 30 Jun 2021 | 6.98B | -11.04% | 209.00M | -6.77B | 3.19 |
| Q1 FY2021 | 31 Mar 2021 | 7.37B | -6.92% | 248.50M | -7.12B | 3.21 |
| Q4 FY2020 | 31 Dec 2020 | 7.80B | -0.86% | 242.80M | -7.56B | 2.94 |
| Q3 FY2020 | 30 Sept 2020 | 7.91B | +4.99% | 275.00M | -7.64B | 2.79 |
| Q2 FY2020 | 30 Jun 2020 | 7.84B | +12.03% | 196.20M | -7.65B | 2.69 |
| Q1 FY2020 | 31 Mar 2020 | 7.92B | +5.83% | 375.20M | -7.55B | 2.62 |
| Q4 FY2019 | 31 Dec 2019 | 7.87B | +18.16% | 331.10M | -7.54B | 1.60 |
| Q3 FY2019 | 30 Sept 2019 | 7.54B | +26.28% | 326.30M | -7.21B | 1.42 |
| Q2 FY2019 | 30 Jun 2019 | 7.00B | +25.61% | 226.50M | -6.77B | 1.26 |
| Q1 FY2019 | 31 Mar 2019 | 7.48B | +39.52% | 124.90M | -7.36B | 1.30 |
| Q4 FY2018 | 31 Dec 2018 | 6.66B | +31.81% | 232.10M | -6.43B | 1.10 |
| Q3 FY2018 | 30 Sept 2018 | 5.97B | +21.89% | 203.20M | -5.77B | 0.98 |
| Q2 FY2018 | 30 Jun 2018 | 5.57B | +25.57% | 281.60M | -5.29B | 0.90 |
| Q1 FY2018 | 31 Mar 2018 | 5.36B | +12.97% | 219.80M | -5.14B | 0.88 |
| Q4 FY2017 | 31 Dec 2017 | 5.05B | +3.52% | 137.20M | -4.92B | 0.82 |
| Q3 FY2017 | 30 Sept 2017 | 4.90B | -1.09% | 114.10M | -4.78B | 0.82 |
| Q2 FY2017 | 30 Jun 2017 | 4.44B | -11.31% | 98.70M | -4.34B | 0.69 |
| Q1 FY2017 | 31 Mar 2017 | 4.75B | -6.37% | 80.00M | -4.67B | 0.83 |
| Q4 FY2016 | 31 Dec 2016 | 4.88B | -18.39% | 73.50M | -4.81B | 0.93 |
| Q3 FY2016 | 30 Sept 2016 | 4.95B | -18.49% | 141.10M | -4.81B | 0.93 |
| Q2 FY2016 | 30 Jun 2016 | 5.00B | -15.49% | 170.90M | -4.83B | 0.95 |
| Q1 FY2016 | 31 Mar 2016 | 5.07B | -15.99% | 114.50M | -4.96B | 0.95 |
| Q4 FY2015 | 31 Dec 2015 | 5.98B | +94.93% | 140.20M | -5.84B | 4.09 |
| Q3 FY2015 | 30 Sept 2015 | 6.07B | +93.62% | 102.90M | -5.97B | 4.10 |
| Q2 FY2015 | 30 Jun 2015 | 5.92B | +94.22% | 105.70M | -5.81B | 3.90 |
| Q1 FY2015 | 31 Mar 2015 | 6.04B | +108.74% | 170.70M | -5.87B | 3.99 |
| Q4 FY2014 | 31 Dec 2014 | 3.07B | +2.64% | 81.00M | -2.99B | 18.07 |
| Q3 FY2014 | 30 Sept 2014 | 3.14B | +9.39% | 78.80M | -3.06B | 19.67 |
| Q2 FY2014 | 30 Jun 2014 | 3.05B | +11.74% | 75.90M | -2.97B | 20.08 |
| Q1 FY2014 | 31 Mar 2014 | 2.89B | +14.64% | 94.90M | -2.80B | 20.03 |
| Q4 FY2013 | 31 Dec 2013 | 2.99B | +20.77% | 66.70M | -2.92B | 20.09 |
| Q3 FY2013 | 30 Sept 2013 | 2.87B | +63.79% | 83.70M | -2.78B | 18.99 |
| Q2 FY2013 | 30 Jun 2013 | 2.73B | +69.41% | 82.90M | -2.65B | 22.71 |
| Q1 FY2013 | 31 Mar 2013 | 2.52B | +71.63% | 112.70M | -2.41B | 17.35 |
| Q4 FY2012 | 31 Dec 2012 | 2.48B | +57.96% | 76.30M | -2.40B | 17.18 |
| Q3 FY2012 | 30 Sept 2012 | 1.75B | +9.21% | 120.70M | -1.63B | 13.37 |
| Q2 FY2012 | 30 Jun 2012 | 1.61B | +27.22% | 117.50M | -1.49B | 11.43 |
| Q1 FY2012 | 31 Mar 2012 | 1.47B | +15.87% | 121.20M | -1.35B | 10.48 |
| Q4 FY2011 | 31 Dec 2011 | 1.57B | +2.10% | 145.80M | -1.42B | 9.91 |
| Q3 FY2011 | 30 Sept 2011 | 1.60B | -3.61% | 154.10M | -1.45B | 9.68 |
| Q2 FY2011 | 30 Jun 2011 | 1.27B | -22.11% | 154.70M | -1.11B | 7.47 |
| Q1 FY2011 | 31 Mar 2011 | 1.27B | — | 147.70M | -1.12B | 7.51 |
| Q4 FY2010 | 31 Dec 2010 | 1.53B | -4.44% | 188.40M | -1.35B | 10.64 |
| Q3 FY2010 | 30 Sept 2010 | 1.66B | — | 188.30M | -1.48B | 12.39 |
| Q2 FY2010 | 30 Jun 2010 | 1.63B | — | 249.40M | -1.38B | 27.73 |
| Q4 FY2009 | 31 Dec 2009 | 1.61B | — | 252.40M | -1.35B | 18.38 |
Figures in USD at the end of each period. Net cash is cash and short-term investments less total debt; book value per share is on the diluted share count. The latest column is the most recent quarter.
Total debt counts commercial paper, term debt and lease liabilities.
See also:Revenue,Net income,EPS,Shares outstanding,Operating income,Cash on hand,Free cash flow,Stock buybacks,Balance sheet
Common questions about Targa Resources's debt
Source: Financial Modeling Prep