Is it safe?
Can TRGP take a bad year?
Targa Resources carries $18.9B of net debt at 3.44× EBITDA: a load its earnings can carry.
$18.9B
Net debt · as at Q2 2026 · between two and four years of EBITDA, normal for a stable business
- Net debt / EBITDA
- 3.44×
Net debt / EBITDA · 3.56× a year ago · the load is coming down
- Altman Z-score
- 2.74
Altman Z-score · grey zone, between 1.8 and 3
- Debt / equity
- 5.20×
Debt / equity
Details›
- Total debtQ2 2026
- $19.0B
- Cash and short-term investments
- $132M
- Net debt
- $18.9B
- EBITDA, trailing twelve months
- $5.49B
- Operating profit, trailing twelve months
- $3.84B
- Debt / equity
- 5.20×
- Total debt / EBITDA
- 3.46×
- Annualised volatilitytwo years of daily moves
- 33%
- Worst drawdown on file
- −91%
- Below its 52-week high
- −2.7%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.
Oil & Gas Midstream
Ranks #16 of 27 by Smart Score