Targa Resources (TRGP) EBT Margin (2010 - 2026)
Targa Resources (TRGP) posted quarterly EBT Margin of 14.93% for Q1 2026, up 721.0% year-over-year from 1.82% in Q1 2025, and down 12.53% quarter-over-quarter from 17.07% in Q4 2025.
Targa Resources (TRGP) EBT Margin (2010 - 2026) Analysis & Trends
Targa Resources (TRGP) has reported EBT Margin for 17 consecutive years, with 14.93% the latest figure, recorded in Q1 2026.
- In Q1 2026, EBT Margin rose 721.0% year-over-year to 14.93%; the TTM figure through Mar 2026 stood at 16.58% (up 513.0% YoY), while the FY2025 annual figure was 14.6%, up 277.0% from the prior year.
- EBT Margin eased to 14.93% in Q1 2026 per TRGP's latest filing, from 17.07% in the prior quarter.
- Across five years, EBT Margin topped out at 19.28% in Q2 2025 and bottomed at 3.86% in Q1 2022.
- Historically, EBT Margin has averaged 11.83% across 5 years, with a median of 12.72% in 2024.
- Annual changes were most pronounced in 2022 — EBT Margin soared 1365 bps — and 2024, when it tumbled 562 bps.
- Targa Resources' EBT Margin stood at 8.91% in 2022, then advanced by 22 bps to 10.85% in 2023, then rose by 10 bps to 11.9% in 2024, then soared by 43 bps to 17.07% in 2025, then slipped by 13 bps to 14.93% in 2026.
- Business Quant data shows TRGP's EBT Margin at 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 | Kinder Morgan | 112.04 Bn | 113.17 Bn | 3.07 Bn | 26.04% |
| 2 | Enbridge | 111.19 Bn | 111.69 Bn | 5.23 Bn | 6.86% |
| 3 | Enterprise Products Partners | 83.98 Bn | 83.12 Bn | - | 10.22% |
| 4 | Energy Transfer | 72.48 Bn | 71.45 Bn | 7.40 Bn | 7.93% |
| 5 | Tc Energy | 66.71 Bn | 66.18 Bn | 1.24 Bn | 81.49% |
| 6 | Mplx | 60.30 Bn | 59.27 Bn | 2.73 Bn | 32.88% |
| 7 | Oneok | 59.88 Bn | 59.82 Bn | 2.81 Bn | 10.51% |
| 8 | Targa Resources | 59.14 Bn | 59.14 Bn | 2.14 Bn | 22.63% |
| 9 | Cheniere Energy | 56.12 Bn | 60.17 Bn | 5.29 Bn | 69.92% |
| 10 | Venture Global | 34.82 Bn | 35.11 Bn | 2.92 Bn | 38.29% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 22.63% |
| 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% |