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Targa ResourcesMEX:TRGP 70 Debt-to-Equity is 5.35 as of Jun. 2026, which is 70% above its 10-year median of 3.15. GuruFocus rates MEX:TRGP with a GF Score™ of 70/100 and a GF Value™ of MXN2,438.14. The stock has 8 warning signs investors should review. Among 804 Oil & Gas companies, Targa Resources ranks worse than 97.26% on this metric.
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:
MEX:TRGP'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.69 Med: 3.15 Max: 6.61
Current: 6.1
During the past 13 years, the highest Debt-to-Equity Ratio of Targa Resources was 6.61. The lowest was 0.69. And the median was 3.15.
MEX:TRGP's Debt-to-Equity is ranked worse than 97.26% of 804
companies
in the Oil & Gas industry
Industry Median: 0.46
vs MEX:TRGP: 6.10
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
Targa Resources Debt-to-Equity Historical Data
* Premium members only.
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.
MEX:TRGP vs MPLX, OKE, LNG: Debt-to-Equity 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 vs Oil & Gas Industry
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.
* 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.
Targa Resources (MEX:TRGP) has a Debt-to-Equity of 5.35 as of Jun. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Targa Resources and its competitors. This is 70% above median its historical median of 3.15. Over the past decade, Targa Resources' Debt-to-Equity has ranged from 0.69 to 6.61. According to the industry distribution chart, Targa Resources ranks #782 out of 804 companies in the Oil & Gas industry, placing it in the top 97.3%.
Is Targa Resources' Debt-to-Equity too high?
Targa Resources' current Debt-to-Equity of 5.35 is 70% above median its 10-year median of 3.15. Over the past 10 years, this metric has ranged from a low of 0.69 to a high of 6.61. The Oil & Gas industry median Debt-to-Equity is 0.46. Targa Resources' value of 5.35 is 1063% above this industry median. Based on the distribution chart, Targa Resources ranks #782 out of 804 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, Targa Resources has a GF Score™ of 70/100, reflecting its overall financial health beyond just this single metric.
How does Targa Resources' Debt-to-Equity compare to MPLX and OKE?
According to the Oil & Gas industry distribution chart, Targa Resources ranks #782 out of 804 companies for Debt-to-Equity. This places Targa Resources in the lower half of its industry. The industry median Debt-to-Equity is 0.46. Targa Resources' value of 5.35 is 1063% above this benchmark. Historically, Targa Resources' own Debt-to-Equity has ranged from 0.69 to 6.61 over the past decade. While the company's 10-year median is 3.15 vs. the industry median of 0.46, Targa Resources has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for an Oil & Gas company?
The median Debt-to-Equity among Oil & Gas companies is 0.46, based on 804 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Targa Resources's current Debt-to-Equity of 5.35 is 1063% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Targa Resources and its competitors. For the Oil & Gas industry, the median Debt-to-Equity is 0.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Targa Resources's current Debt-to-Equity is 5.35, which is 70% above median its own 10-year median of 3.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Targa Resources stock overvalued right now?
Targa Resources (MEX:TRGP) has a current Debt-to-Equity of 5.35. The stock's GF Value™ is MXN2,438.14, compared to a current price of MXN3,775.00 — trading 54.8% above its estimated fair value. The current Debt-to-Equity is 5.35, which is 70% above median its 10-year median of 3.15 and 1063% above the Oil & Gas industry median of 0.46. Targa Resources' overall GF Score™ is 70/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Targa Resources (MEX:TRGP), the current Debt-to-Equity is 5.35 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Targa Resources (MEX:TRGP) Overvalued in 2026?
Based on GuruFocus' analysis, Targa Resources stock appears to be overvalued.
The current stock price of MXN3,775.00 is trading 54.8% above its estimated GF Value™ of MXN2,438.14.
Key valuation signals for MEX:TRGP:
Debt-to-Equity: 5.35 (70% above median its 10-year median of 3.15)
GF Value™: MXN2,438.14 vs. price of MXN3,775.00 (54.8% above fair value)
Industry Position: 1063% above the Oil & Gas median (#782 of 804)
No single metric tells the full story. See the MEX:TRGP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Targa Resources Corp is a midstream firm that mainly operates gathering and processing assets with substantial positions in the Permian, Stack, Scoop, and Bakken plays. It has fractionation capacity at Mont Belvieu and operates a liquefied petroleum gas export terminal. The Grand Prix natural gas liquids pipeline is another important asset. It has two operating segments: Gathering and Processing, and, Logistics and Transportation (also referred to as the Downstream Business).
70GF Score
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