Targa Resources Total Debt History
TRGP / Energy|10 years of SEC 10-K data (FY2016-FY2025)
$17.4B in FY2025 with a 5-year CAGR of +17.6%. Top quartile in the Energy sector.
Increased from $13.0B to $17.4B over the past 2 years.
Among 81 Energy companies, Targa Resources is in the bottom 5% for total debt. Total Debt has increased for 4 consecutive years, from $6.6B in FY2021 to $17.4B in FY2025.
Based on SEC 10-K filings.
Key Data Points
- Altman Z-Score 1.19 (distress zone, below 1.8 threshold)
- High earnings quality (cash-backed earnings)
- Strong return on equity: 63.9%
Data sourced from SEC EDGAR filings. Not investment advice.
- 3-Year CAGR
- +14.8%
- 5-Year CAGR
- +17.6%
- 10-Year CAGR
- -
Total Debt Trend
Bottom 5% in EnergyTop 95% of 81This company $17.4B Sector average $3.8B
▼
+364.2% above sector average
Key Insights
- Targa Resources's total debt has grown for 4 consecutive years.
- 5-year CAGR of +17.6%, indicating consistent growth.
- In FY2025, total debt increased 23.0% year-over-year.
- Ranks #4 out of 81 companies in the Energy sector.
Annual Data
| Year | Total Debt | YoY Growth |
|---|---|---|
| FY2025 | $17.4B | +23.0% |
| FY2024 | $14.2B | +9.4% |
| FY2023 | $13.0B | +12.3% |
| FY2022 | $11.5B | +74.9% |
| FY2021 | $6.6B | -14.9% |
| FY2020 | $7.8B | -0.9% |
| FY2019 | $7.8B | +17.4% |
| FY2018 | $6.7B | +31.8% |
| FY2017 | $5.1B | +3.5% |
| FY2016 | $4.9B | -17.8% |
As of FY2025 · SEC 10-K · Updated Feb 28, 2026