Targa Resources (TRGP) Interest Coverage Ratio: History & Chart

Targa Resources Corp. (TRGP)TRGPTarga Resources Corp.

About Targa Resources Corp.

Targa Resources Corp., alongside its subsidiary Targa Resources Partners LP, is a significant entity in the North American midstream energy sector, focusing on the ownership, operation, acquisition, and development of crucial energy infrastructure assets. Its business is structured into two main divisions: "Gathering and Processing" and "Logistics and Transportation." Within these segments, the company undertakes a broad range of activities, including the collection, compression, treatment, processing, transport, and sale of natural gas. It also manages the storage, fractionation, treatment, transportation, and distribution of natural gas liquids (NGLs) and their associated products, providing services even to liquefied petroleum gas (LPG) exporters. Furthermore, Targa handles the gathering, storage, terminaling, purchasing, and selling of crude oil. Beyond these core operations, the company is involved in the procurement and resale of NGL products, wholesale propane distribution, and providing related logistics support to a diverse clientele, including multi-state retailers, independent businesses, and end-users. It also offers NGL balancing services and transportation solutions for refineries and petrochemical companies situated in the Gulf Coast region, while actively purchasing, marketing, and reselling natural gas. The company's extensive asset base features approximately 28,400 miles of natural gas pipelines, including 42 owned and managed processing plants, and it operates 34 storage wells with a substantial gross capacity of about 76 million barrels. As of December 31, 2021, its transportation fleet comprised approximately 648 leased and managed railcars, 119 transport tractors, and two company-owned pressurized NGL barges. Targa Resources Corp. was established in 2005 and is headquartered in Houston, Texas.

Houston, TX

3,570 employees

www.targaresources.com

Energy / Oil & Gas Midstream

Sector: Energy
Industry: Oil & Gas Midstream
CEO: Matthew J. Meloy

View full financials

TRGP Interest Coverage Ratio Metrics

INTEREST COVERAGE RATIO

-2.66x

INTEREST COVERAGE RATIO AVG TTM

2.32x

INTEREST COVERAGE RATIO AVG 3Y

3.64x

INTEREST COVERAGE RATIO AVG 5Y

3.69x

INTEREST COVERAGE RATIO AVG 10Y

2.68x

INTEREST COVERAGE RATIO AVG 15Y

2.77x

INTEREST COVERAGE RATIO AVG 20Y

N/A

CURRENT VS TTM AVG

-214.53%

CURRENT VS 3Y AVG

-173.13%

CURRENT VS 5Y AVG

-172.06%

CURRENT VS 10Y AVG

-199.35%

CURRENT VS 15Y AVG

-196.13%

CURRENT VS 20Y AVG

N/A

SECTOR MEDIAN · ENERGY

6.56x

median of 40 covered companies

CURRENT VS SECTOR MEDIAN

-140.51%

vs the sector median at left

NAME	MARKET CAP	INTEREST COVERAGE RATIO	TTM	3Y	5Y
Targa Resources Corp. (TRGP)	$55.14B	-2.66x	2.32x	3.64x	3.69x
Occidental Petroleum Corporation (OXY)vs ›	$55.61B	4.14x	4.61x	7.25x	6.38x
ONEOK, Inc. (OKE)vs ›	$54.46B	3.91x	3.82x	4.29x	4.06x
Diamondback Energy, Inc. (FANG)vs ›	$52.90B	20.16x	17.63x	25.51x	24.41x
Baker Hughes Company (BKR)vs ›	$61.10B	16.02x	16.55x	13.20x	9.96x
Cameco Corporation (CCJ)vs ›	$42.42B	7.80x	6.20x	4.09x	4.09x
Kinder Morgan, Inc. (KMI)vs ›	$68.70B	2.67x	2.51x	2.55x	2.63x
Energy Transfer LP (ET)vs ›	$69.27B	2.84x	2.88x	3.08x	2.92x
Suncor Energy Inc. (SU)vs ›	$70.96B	20.86x	22.36x	22.66x	17.91x
EOG Resources, Inc. (EOG)vs ›	$71.77B	36.05x	47.31x	53.80x	49.89x

NAME

MARKET CAP

INTEREST COVERAGE RATIO

TTM

Targa Resources Corp. (TRGP)

$55.14B

-2.66x

2.32x

3.64x

3.69x

Occidental Petroleum Corporation (OXY)vs ›

$55.61B

4.14x

4.61x

7.25x

6.38x

ONEOK, Inc. (OKE)vs ›

$54.46B

3.91x

3.82x

4.29x

4.06x

Diamondback Energy, Inc. (FANG)vs ›

$52.90B

20.16x

17.63x

25.51x

24.41x

Baker Hughes Company (BKR)vs ›

$61.10B

16.02x

16.55x

13.20x

9.96x

Cameco Corporation (CCJ)vs ›

$42.42B

7.80x

6.20x

4.09x

Kinder Morgan, Inc. (KMI)vs ›

$68.70B

2.67x

2.51x

2.55x

2.63x

Energy Transfer LP (ET)vs ›

$69.27B

2.84x

2.88x

3.08x

2.92x

Suncor Energy Inc. (SU)vs ›

$70.96B

20.86x

22.36x

22.66x

17.91x

EOG Resources, Inc. (EOG)vs ›

$71.77B

36.05x

47.31x

53.80x

49.89x

Interest Coverage Ratio FAQ

What is the interest coverage ratio for Targa Resources Corp. (TRGP)?

The interest coverage ratio for TRGP stock is -2.66x.

Is Targa Resources Corp.'s interest coverage ratio high or low?

The interest coverage ratio of -2.66x is 179% below its 5-year average of 3.35x, near the low end of its 5-year range (-2.66x–7.75x).

What is the TTM average interest coverage ratio for Targa Resources Corp. (TRGP)?

The TTM average interest coverage ratio for TRGP stock is 2.32x.

What is the 3Y average interest coverage ratio for Targa Resources Corp. (TRGP)?

The 3Y average interest coverage ratio for TRGP stock is 3.64x.

What is the 5Y average interest coverage ratio for Targa Resources Corp. (TRGP)?

The 5Y average interest coverage ratio for TRGP stock is 3.69x.

What is the 10Y average interest coverage ratio for Targa Resources Corp. (TRGP)?

The 10Y average interest coverage ratio for TRGP stock is 2.68x.

What is the 15Y average interest coverage ratio for Targa Resources Corp. (TRGP)?

The 15Y average interest coverage ratio for TRGP stock is 2.77x.

DATE	INTEREST COVERAGE RATIO
2026-06-30	-2.66x
2025-12-31	4.25x
2025-09-30	4.00x
2025-06-30	3.70x
2025-03-31	4.24x
2024-12-31	3.94x
2024-09-30	4.13x
2024-06-30	3.88x
2024-03-31	2.80x
2023-12-31	3.52x
2023-09-30	2.81x
2023-06-30	2.73x
2023-03-31	3.65x
2022-12-31	3.79x
2022-09-30	3.42x
2022-06-30	7.75x
2022-03-31	3.16x
2021-12-31	-0.88x
2021-09-30	4.95x
2021-06-30	3.77x
2021-03-31	4.90x
2020-12-31	6.65x
2020-09-30	2.64x
2020-06-30	1.50x
2020-03-31	2.10x
2019-12-31	2.83x
2019-09-30	1.37x
2019-06-30	0.99x
2019-03-31	0.61x
2018-12-31	1.68x
2018-09-30	1.86x
2018-06-30	1.83x
2018-03-31	2.19x
2017-12-31	3.02x
2017-09-30	1.07x
2017-06-30	0.55x
2017-03-31	1.17x
2016-12-31	1.27x
2016-09-30	0.70x
2016-06-30	0.93x
2016-03-31	0.67x
2015-12-31	-4.88x
2015-09-30	1.70x
2015-06-30	1.66x
2015-03-31	2.54x
2014-12-31	4.02x
2014-09-30	4.57x
2014-06-30	4.21x
2014-03-31	4.67x
2013-12-31	4.01x
2013-09-30	2.65x
2013-06-30	1.88x
2013-03-31	2.30x
2012-12-31	2.90x
2012-09-30	1.97x
2012-06-30	2.73x
2012-03-31	3.53x
2011-12-31	3.81x
2011-09-30	2.64x
2011-06-30	3.52x
2011-03-31	2.58x
2010-12-31	1.84x
2010-09-30	1.44x
2010-06-30	1.83x
2010-03-31	1.99x
2009-12-31	3.18x
2009-09-30	1.36x

DATE

INTEREST COVERAGE RATIO

2026-06-30

-2.66x

2025-12-31

4.25x

2025-09-30

4.00x

2025-06-30

3.70x

2025-03-31

4.24x

2024-12-31

3.94x

2024-09-30

4.13x

2024-06-30

3.88x

2024-03-31

2.80x

2023-12-31

3.52x

2023-09-30

2.81x

2023-06-30

2.73x

2023-03-31

3.65x

2022-12-31

3.79x

2022-09-30

3.42x

2022-06-30

7.75x

2022-03-31

3.16x

2021-12-31

-0.88x

2021-09-30

4.95x

2021-06-30

3.77x

2021-03-31

4.90x

2020-12-31

6.65x

2020-09-30

2.64x

2020-06-30

1.50x

2020-03-31

2.10x

2019-12-31

2.83x

2019-09-30

1.37x

2019-06-30

0.99x

2019-03-31

0.61x

2018-12-31

1.68x

2018-09-30

1.86x

2018-06-30

1.83x

2018-03-31

2.19x

2017-12-31

3.02x

2017-09-30

1.07x

2017-06-30

0.55x

2017-03-31

1.17x

2016-12-31

1.27x

2016-09-30

0.70x

2016-06-30

0.93x

2016-03-31

0.67x

2015-12-31

-4.88x

2015-09-30

1.70x

2015-06-30

1.66x

2015-03-31

2.54x

2014-12-31

4.02x

2014-09-30

4.57x

2014-06-30

4.21x

2014-03-31

4.67x

2013-12-31

4.01x

2013-09-30

2.65x

2013-06-30

1.88x

2013-03-31

2.30x

2012-12-31

2.90x

2012-09-30

1.97x

2012-06-30

2.73x

2012-03-31

3.53x

2011-12-31

3.81x

2011-09-30

2.64x

2011-06-30

3.52x

2011-03-31

2.58x

2010-12-31

1.84x

2010-09-30

1.44x

2010-06-30

1.83x

2010-03-31

1.99x

2009-12-31

3.18x

2009-09-30

1.36x

Interest Coverage Ratio: -2.66x

TRGP Interest Coverage Ratio

TRGP Average Interest Coverage Ratio Chart

TRGP Current vs Average Interest Coverage Ratio Chart

TRGP Interest Coverage Ratio Metrics

TRGP Competitors' Interest Coverage Ratio

Financial Health Indicators

Interest Coverage Ratio Formula & Definition

Interest Coverage Ratio FAQ

TRGP Interest Coverage Ratio History

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