v3.26.1
Debt Obligations - Summary Of Debt Obligations (Details) - USD ($)
$ in Millions
Mar. 31, 2026
Dec. 31, 2025
Current:    
Partnership accounts receivable securitization facility, due August 2025 [1] $ 600.0 $ 0.0
Finance lease liabilities 96.9 93.1
Current debt obligations 696.9 770.1
Long-term [Abstract]    
Long-term debt including Unamortized premium(discount) and Debt issuance costs 18,317.5 16,522.6
Debt issuance costs, net of amortization (132.2) (120.6)
Finance lease liabilities 249.6 260.4
Long-term debt 18,434.9 16,662.4
Total debt obligations 19,131.8 17,432.5
Targa Resources Partners LP [Member]    
Current:    
Debt issuance costs, net of amortization, current [2]   (2.3)
Senior Unsecured Notes [Member]    
Long-term [Abstract]    
Unamortized discount (39.4) (38.3)
Senior Unsecured Notes [Member] | Senior Unsecured 5.200% Fixed Rate, due July 2027 [Member]    
Long-term [Abstract]    
Long-term debt 750.0 750.0
Senior Unsecured Notes [Member] | Senior Unsecured 4.350% Fixed Rate, due January 2029 [Member]    
Long-term [Abstract]    
Long-term debt 750.0 750.0
Senior Unsecured Notes [Member] | Senior Unsecured 6.150% Fixed Rate, due March 2029 [Member]    
Long-term [Abstract]    
Long-term debt 1,000.0 1,000.0
Senior Unsecured Notes [Member] | Senior Unsecured 4.900% Fixed Rate, due September 2030 [Member]    
Long-term [Abstract]    
Long-term debt 750.0 750.0
Senior Unsecured Notes [Member] | Senior Unsecured 4.350% fixed rate, due April 2031 [Member]    
Long-term [Abstract]    
Long-term debt [3] 750.0  
Senior Unsecured Notes [Member] | Senior Unsecured 4.200% Notes due February 2033 [Member]    
Long-term [Abstract]    
Long-term debt 750.0 750.0
Senior Unsecured Notes [Member] | Senior Unsecured 6.125% Fixed Rate, due March 2033 [Member]    
Long-term [Abstract]    
Long-term debt 900.0 900.0
Senior Unsecured Notes [Member] | Senior Unsecured 6.500% Fixed Rate, due March 2034 [Member]    
Long-term [Abstract]    
Long-term debt 1,000.0 1,000.0
Senior Unsecured Notes [Member] | Senior Unsecured 5.500% Fixed Rate, due February 2035 [Member]    
Long-term [Abstract]    
Long-term debt 1,000.0 1,000.0
Senior Unsecured Notes [Member] | Senior Unsecured 5.550% Fixed Rate, due August 2035 [Member]    
Long-term [Abstract]    
Long-term debt 1,000.0 1,000.0
Senior Unsecured Notes [Member] | Senior Unsecured Notes Due February 2036 [Member]    
Long-term [Abstract]    
Long-term debt 750.0 750.0
Senior Unsecured Notes [Member] | Senior Unsecured Notes Due July 2036 [Member]    
Long-term [Abstract]    
Long-term debt 1,000.0 1,000.0
Senior Unsecured Notes [Member] | Senior Unsecured 4.950% Notes due April 2052 [Member]    
Long-term [Abstract]    
Long-term debt 750.0 750.0
Senior Unsecured Notes [Member] | Senior Unsecured 6.250% fixed rate, due July 2052 [Member]    
Long-term [Abstract]    
Long-term debt 500.0 500.0
Senior Unsecured Notes [Member] | Senior Unsecured 6.500% Fixed Rate, due February 2053 [Member]    
Long-term [Abstract]    
Long-term debt 850.0 850.0
Senior Unsecured Notes [Member] | Senior Unsecured 6.125% Fixed Rate, due May 2055 [Member]    
Long-term [Abstract]    
Long-term debt 1,000.0 1,000.0
Senior Unsecured Notes [Member] | Senior Unsecured 6.050% Fixed Rate, due May 2056 [Member]    
Long-term [Abstract]    
Long-term debt [3] 750.0  
Senior Unsecured Notes [Member] | Senior Unsecured 5.000% Notes due January 2028 [Member] | Targa Resources Partners LP [Member]    
Long-term [Abstract]    
Long-term debt 700.3 700.3
Senior Unsecured Notes [Member] | Senior Unsecured of 6.875% Senior Notes due January 2029 [Member] | Targa Resources Partners LP [Member]    
Long-term [Abstract]    
Long-term debt [2],[4]   679.3
Senior Unsecured Notes [Member] | Senior Unsecured of 5.500% Senior Notes due March 2030 [Member] | Targa Resources Partners LP [Member]    
Long-term [Abstract]    
Long-term debt 949.6 949.6
Senior Unsecured Notes [Member] | Senior Unsecured of 4.875% Senior Notes due February 2031 [Member] | Targa Resources Partners LP [Member]    
Long-term [Abstract]    
Long-term debt 1,000.0 1,000.0
Senior Unsecured Notes [Member] | Senior Unsecured of 4.000% Senior Notes due January 2032 [Member] | Targa Resources Partners LP [Member]    
Long-term [Abstract]    
Long-term debt 1,000.0 1,000.0
Revolving Credit Facility [Member] | TRGP Senior Revolving Credit Facility due February 2030 [Member]    
Long-term [Abstract]    
Long-term debt [5] 457.0 161.0
Revolving Credit Facility [Member] | TRGP Senior Revolving Credit Facility due February 2030 [Member] | Targa Resources Partners LP [Member]    
Long-term [Abstract]    
Letters of credit outstanding [5] $ 17.9 $ 20.0
[1] As of March 31, 2026, the Partnership had $600.0 million of qualifying receivables under its $600.0 million accounts receivable securitization facility (the “Securitization Facility”), resulting in no remaining availability.
[2] On January 15, 2026, we used borrowings under the Commercial Paper Program and available cash to fund the redemption of all of the Partnership’s 6.875% Senior Unsecured Notes due 2029.
[3] In March 2026, we completed an underwritten public offering of (i) $750.0 million aggregate principal amount of our 4.350% Senior Unsecured Notes due 2031 and (ii) $750.0 million aggregate principal amount of our 6.050% Senior Unsecured Notes due 2056, resulting in net proceeds of approximately $1,483.2 million. We used a portion of the net proceeds to reduce borrowings under the Commercial Paper Program.
[4] We guarantee all of the Partnership’s outstanding senior unsecured notes.
[5] We maintain an unsecured commercial paper note program (the “Commercial Paper Program”), the borrowings of which are supported through maintaining a minimum available borrowing capacity under the $3.5 billion TRGP senior revolving credit facility (the “TRGP Revolver”), equal to the aggregate amount outstanding under the Commercial Paper Program at any one time not to exceed $3.5 billion. The TRGP Revolver had no borrowings outstanding and the Commercial Paper Program had approximately $0.5 billion of borrowings outstanding, resulting in approximately $3.0 billion of availability under the TRGP Revolver as of March 31, 2026, after accounting for outstanding letters of credit.