Targa Resources (TRGP) EBITDA Margin (2010 - 2026)
Targa Resources' (TRGP) quarterly EBITDA Margin came in at 35.71% in Q2 2026, up 459.0% year-over-year from 6.39% in Q2 2025, and up 25.01% quarter-over-quarter from 28.57% in Q1 2026.
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Targa Resources (TRGP) EBITDA Margin (2010 - 2026) Analysis & Trends
Targa Resources (TRGP) has reported EBITDA Margin for 17 consecutive years, with 35.71% the latest figure, recorded in Q2 2026.
- On a quarterly basis, EBITDA Margin rose 459.0% year-over-year to 35.71% in Q2 2026; TTM through Jun 2026 was 30.59%, a 640.0% increase from a year earlier, with the FY2025 full-year figure at 26.55%, up 368.0% from the prior year.
- EBITDA Margin was 35.71% for Q2 2026 at Targa Resources, up from 28.57% in the prior quarter.
- Over five years, EBITDA Margin peaked at 35.71% in Q2 2026 and troughed at 9.62% in Q1 2022.
- A 5-year average of 22.38% and a median of 22.97% in 2023 frame the typical range for EBITDA Margin.
- The widest YoY moves for EBITDA Margin: up 1528 bps in 2022, down 490 bps in 2022.
- Over 5 years, EBITDA Margin stood at 17.03% in 2022, then gained by 22 bps to 20.77% in 2023, then climbed by 8 bps to 22.38% in 2024, then soared by 35 bps to 30.24% in 2025, then grew by 18 bps to 35.71% in 2026.
- The last three EBITDA Margin figures came in at 35.71% (Q2 2026), 28.57% (Q1 2026), and 30.24% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 111.69 Bn | 112.81 Bn | 3.07 Bn | 30.06% |
| 2 | Enterprise Products Partners | 84.07 Bn | 83.21 Bn | - | 12.31% |
| 3 | Energy Transfer | 74.03 Bn | 73.00 Bn | 7.40 Bn | 10.41% |
| 4 | Tc Energy | 65.16 Bn | 64.62 Bn | 1.80 Bn | 58.43% |
| 5 | Targa Resources | 62.18 Bn | 62.19 Bn | 2.14 Bn | 35.71% |
| 6 | Mplx | 60.51 Bn | 59.48 Bn | 2.73 Bn | 51.27% |
| 7 | Oneok | 60.16 Bn | 60.09 Bn | 2.81 Bn | 13.22% |
| 8 | Enbridge | 54.38 Bn | 54.88 Bn | 5.23 Bn | 9.93% |
| 9 | Pembina Pipeline | 28.12 Bn | 27.76 Bn | 933.00 Mn | 37.45% |
| 10 | Gas Transporter Of The South | 21.92 Bn | -3,019.13 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 35.71% |
| Mar 31, 2026 | 28.57% |
| Dec 31, 2025 | 30.24% |
| Sep 30, 2025 | 27.44% |
| Jun 30, 2025 | 31.12% |
| Mar 31, 2025 | 18.18% |
| Dec 31, 2024 | 22.38% |
| Sep 30, 2024 | 25.71% |
| Jun 30, 2024 | 24.78% |
| Mar 31, 2024 | 19.43% |
| Dec 31, 2023 | 20.77% |
| Sep 30, 2023 | 19.00% |
| Jun 30, 2023 | 26.01% |
| Mar 31, 2023 | 23.57% |
| Dec 31, 2022 | 17.03% |
| Sep 30, 2022 | 11.87% |
| Jun 30, 2022 | 11.46% |
| Mar 31, 2022 | 9.62% |
| Dec 31, 2021 | 1.75% |
| Sep 30, 2021 | 12.48% |