Targa Resources Partners LP (Targa Resources Partners LP) Debt-to-Equity : 2.05 (As of Sep. 2020)

View and export this data going back to . Start your Free Trial

What is Targa Resources Partners LP Debt-to-Equity?

Targa Resources Partners LP's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2020 was $262 Mil. Targa Resources Partners LP's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2020 was $7,217 Mil. Targa Resources Partners LP's Total Stockholders Equity for the quarter that ended in Sep. 2020 was $3,657 Mil. Targa Resources Partners LP's debt to equity for the quarter that ended in Sep. 2020 was 2.04.

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 Partners LP's Debt-to-Equity or its related term are showing as below:

NGLS's Debt-to-Equity is not ranked ^*
in the Oil & Gas industry.
Industry Median: 0.44
* Ranked among companies with meaningful Debt-to-Equity only.

Targa Resources Partners LP Debt-to-Equity Historical Data

The historical data trend for Targa Resources Partners LP'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 Partners LP Debt-to-Equity Chart

Targa Resources Partners LP Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Debt-to-Equity

Get a 7-Day Free Trial

0.79

0.66

0.63

0.86

1.23

Targa Resources Partners LP Quarterly Data
	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20
Debt-to-Equity	Get a 7-Day Free Trial															1.09	1.23	1.93	1.98	2.05

Competitive Comparison of Targa Resources Partners LP's Debt-to-Equity

For the Oil & Gas Midstream subindustry, Targa Resources Partners LP'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 Partners LP's Debt-to-Equity Distribution in the Oil & Gas Industry

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

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

Targa Resources Partners LP Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Targa Resources Partners LP's Debt to Equity Ratio for the fiscal year that ended in Dec. 2019 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
	=	(382.2	+	7023.4)	/	6043.8
	=	1.23

Targa Resources Partners LP's Debt to Equity Ratio for the quarter that ended in Sep. 2020 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
	=	(261.9	+	7217.2)	/	3657.4
	=	2.04

Targa Resources Partners LP (NYSE:NGLS) 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 Partners LP Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Targa Resources Partners LP's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Targa Resources Partners LP (Targa Resources Partners LP) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

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

Website

http://www.targaresources.com

Targa Resources Partners LP is a midstream natural gas company. It mainly operates, acquires and develop a diversified portfolio of complementary midstream energy assets. The company acts as a provider of midstream natural gas and NGL (Natural Gas Liquids) services as well as crude oil gathering and petroleum terminaling. The company's business activities include gathering, compressing, treating, processing and selling natural gas, storing, fractionating, treating, transporting and selling NGLs and NGL products, including services to LPG (Liquefied Petroleum Gas) exporters; gathering, storing and terminaling crude oil, and storing, terminaling and selling refined petroleum products. Targa divides its business into two segments Gathering and Processing, and Logistics and Transportation.

Executives

Davis Waters S Iv	director	10200 ALLIANCE ROAD, SUITE 200, CINCINNATI OH 45242
Chris Tong	director	600 E LAS COLINAS # 1100, IRVING TX 75019
Redd Ershel C Jr	director	C/O EL PASO ELECTRIC COMPANY, 100 N. STANTON, EL PASO TX 79901
Charles R Crisp	director	1301 MCKINNEY STE 700, HOUSTON TX 77010
Laura C. Fulton	director	THREE RIVERWAY, SUITE 1350, HOUSTON TX 77056
Robert B Evans	director	100 COLLEGE STREET, MINDEN LA 71055
Michael A Heim	other: Vice Chairman of the Board	TARGA RESOURCES PARTNERS LP, 1000 LOUISIANA STREET, SUITE 4300, HOUSTON TX 77002
Jeffrey J Mcparland	officer: See Remarks	TARGA RESOURCES PARTNERS LP, 1000 LOUISIANA STREET, 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
Barry R Pearl	director	P.O. BOX 2521, HOUSTON TX 77252-2521
James W Whalen	director, officer: Exec. Chairman of the Board	BETH SIBLEY, 1301 MCKINNEY STE 700, HOOOUSTON TX 77010
Joe Bob Perkins	director, officer: CEO	TARGA RESOURCES PARTNERS, LP, 1000 LOUISIANA ST., SUITE 4300, HOUSTON TX 77002
Ruth Dreessen	director	6850 VERSAR CENTER, SPRINGFIELD VA 22151
John Robert Sparger	officer: Senior VP and CAO	TARGA RESOURCES PARTNERS LP, 1000 LOUISIANA STREET, SUITE 4300, HOUSTON TX 77002
Matthew J Meloy	officer: Executive VP and CFO	1000 LOUISIANA, SUITE 4300, HOUSTON TX 77002

Targa Resources Partners LP (Targa Resources Partners LP) Headlines

From GuruFocus

A Look at the Basics of Gas Processing and the Growth Trends at Work in This Market

By Elliott Gue Elliott Gue • 05-16-2012

6 High-Yielding Dividend Challengers Close to 52-Week Highs

By Dividend Dividend • 11-15-2011

TARGA RESOURCES PARTNERS LP - COMMON UNITS REPRESE Reports Operating Results (10-Q)

By gurufocus 10qk • 11-05-2010

TARGA RESOURCES PARTNERS LP - COMMON UNITS REPRESE Reports Operating Results (10-Q)

By gurufocus 10qk • 05-06-2010