Targa Resources (Targa Resources) Debt-to-Equity

: 4.75 (As of Dec. 2023)

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Targa Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $621 Mil. Targa Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $12,390 Mil. Targa Resources's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $2,740 Mil. Targa Resources's debt to equity for the quarter that ended in Dec. 2023 was 4.75.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Targa Resources's Debt-to-Equity or its related term are showing as below:

TRGP' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.82 Med: 3.12 Max: 18.07
Current: 4.75

During the past 13 years, the highest Debt-to-Equity Ratio of Targa Resources was 18.07. The lowest was 0.82. And the median was 3.12.

TRGP's Debt-to-Equity is ranked worse than
97.23% of 830 companies
in the Oil & Gas industry
Industry Median: 0.435 vs TRGP: 4.75

Targa Resources Debt-to-Equity Historical Data

The historical data trend for Targa Resources's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Targa Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

1.60

2.94

3.30

4.34

4.75

Targa Resources Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity																4.34	4.79	4.65	5.17	4.75

Competitive Comparison

For the Oil & Gas Midstream subindustry, Targa Resources's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Targa Resources Debt-to-Equity Distribution

For the Oil & Gas industry and Energy sector, Targa Resources's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Targa Resources's Debt-to-Equity falls into.

Targa Resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Targa Resources's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(620.7	+	12389.7)	/	2739.7
	=	4.75

Targa Resources's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(620.7	+	12389.7)	/	2739.7
	=	4.75

Targa Resources (NYSE:TRGP) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Targa Resources Debt-to-Equity Related Terms

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Targa Resources (Targa Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Targa Resources Corp (NYSE:TRGP) » Definitions » Debt-to-Equity

Comparable Companies

CQP PAA WES AM ENLC DTM FRO ETRN PAGP STNG TSX:ENB EPD WMB ET LNG OKE MPLX KMI TSX:TRP TSX:PPL

Traded in Other Exchanges

TAR:Germany

Address

811 Louisiana Street, Suite 2100, Houston, TX, USA, 77002

Website

https://www.targaresources.com

Targa Resources is a midstream firm that primarily operates gathering and processing assets with substantial positions in the Permian, Stack, Scoop, and Bakken plays. It has 843,000 barrels a day of gross fractionation capacity at Mont Belvieu and operates a liquefied petroleum gas export terminal. The Grand Prix natural gas liquids pipeline recently entered full service.

Executives

Robert Muraro	officer: See Remarks	1000 LOUISIANA, SUITE 4300, HOUSTON TX 77002
Julie H. Boushka	officer: Senior VP and CAO	811 LOUISIANA, SUITE 2100, HOUSTON TX 77002
G Clark White	officer: EVP - Engineering & Operations	1000 LOUISIANA STREET, SUITE 4300, HOUSTON TX 77002
Regina Gregory	officer: See Remarks	2013 CITYWEST BLVD, BUILDING 4 SUITE 800, HOUSTON TX 77042
D. Scott Pryor	officer: See Remarks	1000 LOUISIANA, SUITE 4300, HOUSTON TX 77002
Paul W Chung	officer: EVP, Gen. Counsel & Secretary	TARGA RESOURCES PARTNERS LP, 1000 LOUISIANA STREET, SUITE 4300, HOUSTON TX 77002
Charles R Crisp	director	1301 MCKINNEY STE 700, HOUSTON TX 77010
Lindsey Cooksen	director	811 LOUISIANA STREET, SUITE 2100, HOUSTON TX 77002
Rene R Joyce	director	P.O. BOX 130430, HOUSTON TX 77219-0430
Jennifer R. Kneale	officer: Chief Financial Officer	811 LOUISIANA STREET, SUITE 2100, HOUSTON TX 77002
Joe Bob Perkins	director, officer: Chief Executive Officer	TARGA RESOURCES PARTNERS, LP, 1000 LOUISIANA ST., SUITE 4300, HOUSTON TX 77002
Patrick J. Mcdonie	officer: See Remarks	110 W. 7TH STREET, SUITE 2300, TULSA OK 74119
Davis Waters S Iv	director	10200 ALLIANCE ROAD, SUITE 200, CINCINNATI OH 45242
Redd Ershel C Jr	director	C/O EL PASO ELECTRIC COMPANY, 100 N. STANTON, EL PASO TX 79901
Chris Tong	director	600 E LAS COLINAS # 1100, IRVING TX 75019