TRGP · News · 20260806N

Liquidity and Debt Position

Targa Resources Corp. · 2026-08-06 · Importance 50 · Surprise 24

Targa Resources had approximately $19.6 billion of debt, according to reporting following its second-quarter results. Analysts cited the debt balance alongside substantial planned growth spending as a financial consideration despite the stronger EBITDA performance. The company’s raised 2026 adjusted EBITDA outlook and capital returns were reported in the context of this leverage profile. No cash balance or credit-facility availability was specified in the digest.

Key facts

• Pacer Advisors Inc. reduced its stake in Targa Resources by 16.5% in the first quarter and now holds 29,849 shares valued at $7.48 million. source
• Institutional investors collectively own 92.13% of Targa Resources. source