Targa Resources (TRGP) EBIT Margin (2014 - 2026)
Targa Resources (TRGP) recorded EBIT Margin of 27.80% in Q2 2026, up 3.54 percentage points from 24.26% a year earlier and up 7.12 percentage points from the prior quarter.
Powered by 
Analysis
Targa Resources (TRGP) EBIT Margin (2014 - 2026) Analysis & Trends
On a TTM basis, Targa Resources' EBIT Margin came in at 22.91% as of Jun 30, 2026, up 5.31 percentage points year-over-year; for FY2025, it came in at 19.56%, up 3.11 percentage points from FY2024.
- Annual EBIT Margin has increased for five straight years, with a five-year change of +35.35 percentage points (FY2020 to FY2025).
- Across earlier years, EBIT Margin came in at 16.45% in FY2024 (+0.10 pp), 16.35% in FY2023 (+8.09 pp), 8.26% in FY2022 (+3.16 pp) and 5.10% in FY2021 (+20.88 pp).
- The Q2 2026 figure is the highest quarterly EBIT Margin in data going back to Q1 2014.
- On a year-over-year basis, EBIT Margin has increased for five consecutive quarters, with an average year-over-year change of +3.96 percentage points over the last eight quarters.
- Peak year-over-year performance for EBIT Margin in the last five years was a gain of 13.79 percentage points in Q4 2022, against a drop of 11.99 percentage points in Q4 2021 at the low end.
- Per Business Quant, the preceding three quarters came in at 20.68% (Q1 2026), 22.62% (Q4 2025) and 20.16% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBIT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 102.52 Bn | 100.06 Bn | 4.84 Bn | 9.93% |
| 2 | Enterprise Products Partners | 79.27 Bn | 77.71 Bn | - | 12.31% |
| 3 | Energy Transfer | 69.21 Bn | 62.65 Bn | 7.40 Bn | 10.41% |
| 4 | Kinder Morgan | 68.17 Bn | 69.12 Bn | 3.07 Bn | 30.06% |
| 5 | Tc Energy | 61.09 Bn | 64.16 Bn | 2.81 Bn | 135.28% |
| 6 | Targa Resources | 59.48 Bn | 59.10 Bn | 2.14 Bn | 27.80% |
| 7 | Mplx | 58.45 Bn | 52.01 Bn | 2.91 Bn | 41.61% |
| 8 | Oneok | 55.88 Bn | 54.37 Bn | 2.81 Bn | 13.22% |
| 9 | Cheniere Energy | 55.70 Bn | 55.83 Bn | 5.29 Bn | 74.84% |
| 10 | Venture Global | 32.11 Bn | 26.66 Bn | 2.92 Bn | 47.79% |
Historic Data
Download Data
Historic 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% |
API Access
Targa Resources EBIT Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ebit-margin&ticker=TRGP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebit-margin", "ticker": "TRGP", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ebit-margin&ticker=TRGP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();