Targa Resources (TRGP) EBIT Margin (2010 - 2026)
Targa Resources (TRGP) posted quarterly EBIT Margin of 20.68% for Q1 2026, up 877.0% year-over-year from 2.12% in Q1 2025, and down 8.57% quarter-over-quarter from 22.62% in Q4 2025.
Targa Resources (TRGP) EBIT Margin (2010 - 2026) Analysis & Trends
Targa Resources (TRGP) has reported EBIT Margin for 17 consecutive years, with 20.68% the latest figure, recorded in Q1 2026.
- In Q1 2026, EBIT Margin rose 877.0% year-over-year to 20.68%; the TTM figure through Mar 2026 stood at 21.95% (up 608.0% YoY), while the FY2025 annual figure was 19.56%, up 311.0% from the prior year.
- EBIT Margin fell to 20.68% in Q1 2026 per TRGP's latest filing, from 22.62% in the prior quarter.
- Across five years, EBIT Margin topped out at 24.26% in Q2 2025 and bottomed at 5.96% in Q1 2022.
- Historically, EBIT Margin has averaged 15.6% across 5 years, with a median of 15.9% in 2024.
- Annual changes were most pronounced in 2022 — EBIT Margin surged 1379 bps — and 2024, when it slumped 449 bps.
- Targa Resources' EBIT Margin stood at 12.11% in 2022, then climbed by 24 bps to 14.99% in 2023, then climbed by 6 bps to 15.9% in 2024, then jumped by 42 bps to 22.62% in 2025, then retreated by 9 bps to 20.68% in 2026.
- Business Quant data shows TRGP's EBIT Margin at 20.68% in Q1 2026, 22.62% in Q4 2025, and 20.16% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBIT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 112.04 Bn | 113.17 Bn | 3.07 Bn | 30.06% |
| 2 | Enbridge | 111.19 Bn | 111.69 Bn | 5.23 Bn | 9.93% |
| 3 | Enterprise Products Partners | 83.98 Bn | 83.12 Bn | - | 12.31% |
| 4 | Energy Transfer | 72.48 Bn | 71.45 Bn | 7.40 Bn | 10.41% |
| 5 | Tc Energy | 66.71 Bn | 66.18 Bn | 1.24 Bn | 29.84% |
| 6 | Mplx | 60.30 Bn | 59.27 Bn | 2.73 Bn | 41.61% |
| 7 | Oneok | 59.88 Bn | 59.82 Bn | 2.81 Bn | 13.22% |
| 8 | Targa Resources | 59.14 Bn | 59.14 Bn | 2.14 Bn | 27.80% |
| 9 | Cheniere Energy | 56.12 Bn | 60.17 Bn | 5.29 Bn | 74.84% |
| 10 | Venture Global | 34.82 Bn | 35.11 Bn | 2.92 Bn | 47.79% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 27.80% |
| Mar 31, 2026 | 20.68% |
| Dec 31, 2025 | 22.62% |
| Sep 30, 2025 | 20.16% |
| Jun 30, 2025 | 24.26% |
| Mar 31, 2025 | 11.91% |
| Dec 31, 2024 | 15.90% |
| Sep 30, 2024 | 18.91% |
| Jun 30, 2024 | 17.61% |
| Mar 31, 2024 | 14.01% |
| Dec 31, 2023 | 14.99% |
| Sep 30, 2023 | 12.96% |
| Jun 30, 2023 | 19.07% |
| Mar 31, 2023 | 18.51% |
| Dec 31, 2022 | 12.11% |
| Sep 30, 2022 | 8.02% |
| Jun 30, 2022 | 7.46% |
| Mar 31, 2022 | 5.96% |
| Dec 31, 2021 | -1.68% |
| Sep 30, 2021 | 8.22% |