Targa Resources (TRGP) EBT Margin (2010 - 2026)
Targa Resources' (TRGP) quarterly EBT Margin came in at 14.93% in Q1 2026, up 721.0% year-on-year from 1.82% in Q1 2025, and down 12.53% on a QoQ basis from 17.07% in Q4 2025.
Targa Resources (TRGP) EBT Margin (2010 - 2026) Analysis & Trends
Targa Resources (TRGP) has 17 years of EBT Margin data on file, last reported at 14.93% in Q1 2026.
- On a quarterly basis, EBT Margin rose 721.0% year-over-year to 14.93% in Q1 2026; TTM through Mar 2026 was 16.58%, a 513.0% increase from a year earlier, with the FY2025 full-year figure at 14.6%, up 277.0% from the prior year.
- EBT Margin for Q1 2026 stood at 14.93%, down from 17.07% in the prior quarter.
- Over the last five years, EBT Margin for TRGP reached as high as 19.28% in Q2 2025 and fell as low as 3.86% in Q1 2022.
- Historically, EBT Margin has averaged 11.83% across 5 years, with a median of 12.72% in 2024.
- Across the five-year window, EBT Margin jumped 1365 bps in 2022 and sank 562 bps in 2024, its largest moves.
- Year by year, EBT Margin stood at 8.91% in 2022, then grew by 22 bps to 10.85% in 2023, then advanced by 10 bps to 11.9% in 2024, then surged by 43 bps to 17.07% in 2025, then declined by 13 bps to 14.93% in 2026.
- Per Business Quant data, the three most recent EBT Margin figures were 14.93% in Q1 2026, 17.07% in Q4 2025, and 14.96% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | DHT Holdings | 2,706.13 Bn | 2,706.00 Bn | 167.16 Mn | 88.39% |
| 2 | Flex LNG | 1,674.16 Bn | 1,673.77 Bn | 61.79 Mn | 24.28% |
| 3 | Kinder Morgan | 112.74 Bn | 113.82 Bn | 3.07 Bn | 26.04% |
| 4 | Enbridge | 89.82 Bn | 89.03 Bn | 6.70 Bn | 10.58% |
| 5 | Enterprise Products Partners | 83.97 Bn | 82.82 Bn | - | 10.55% |
| 6 | Tc Energy | 72.76 Bn | 73.95 Bn | 1.36 Bn | 73.18% |
| 7 | Energy Transfer | 70.27 Bn | 69.30 Bn | 6.62 Bn | 7.60% |
| 8 | Targa Resources | 61.30 Bn | 61.34 Bn | 1.70 Bn | 14.93% |
| 9 | Oneok | 61.15 Bn | 61.02 Bn | 8.98 Bn | 10.62% |
| 10 | Mplx | 58.39 Bn | 56.89 Bn | 1.95 Bn | 39.29% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 14.93% |
| Dec 31, 2025 | 17.07% |
| Sep 30, 2025 | 14.96% |
| Jun 30, 2025 | 19.28% |
| Mar 31, 2025 | 7.72% |
| Dec 31, 2024 | 11.90% |
| Sep 30, 2024 | 14.15% |
| Jun 30, 2024 | 12.72% |
| Mar 31, 2024 | 9.10% |
| Dec 31, 2023 | 10.85% |
| Sep 30, 2023 | 8.54% |
| Jun 30, 2023 | 14.22% |
| Mar 31, 2023 | 14.72% |
| Dec 31, 2022 | 8.91% |
| Sep 30, 2022 | 5.43% |
| Jun 30, 2022 | 12.79% |
| Mar 31, 2022 | 3.86% |
| Dec 31, 2021 | -4.74% |
| Sep 30, 2021 | 6.50% |
| Jun 30, 2021 | 4.74% |