Targa Resources (TRGP) EBT Margin (2014 - 2026)
Targa Resources (TRGP) reported 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 (2014 - 2026) Analysis & Trends
Targa Resources (TRGP) has 13 years of EBT Margin data on file, last reported at 14.93% in Q1 2026.
- EBT Margin for Q1 2026 came in at 14.93%, up 721.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 16.58% (up 513.0% YoY), and the FY2025 annual result was 14.6%, up 277.0% from the prior year.
- EBT Margin fell to 14.93% in Q1 2026 per TRGP's latest filing, from 17.07% in the prior quarter.
- Over five years, EBT Margin peaked at 19.28% in Q2 2025 and troughed at 3.86% in Q1 2022.
- A 5-year average of 11.83% and a median of 12.72% in 2024 frame the typical range for EBT Margin.
- The sharpest annual moves came in 2022 and 2024: EBT Margin soared 1365 bps in 2022, then tumbled 562 bps in 2024.
- A 5-year view of EBT Margin shows it stood at 8.91% in 2022, then gained by 22 bps to 10.85% in 2023, then increased by 10 bps to 11.9% in 2024, then surged by 43 bps to 17.07% in 2025, then decreased 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 | Enbridge | 88.33 Bn | 89.03 Bn | 6.70 Bn | 10.58% |
| 2 | Enterprise Products Partners | 80.83 Bn | 79.68 Bn | - | 10.55% |
| 3 | Kinder Morgan | 69.66 Bn | 70.75 Bn | 3.08 Bn | 26.68% |
| 4 | Energy Transfer | 65.60 Bn | 64.88 Bn | 6.62 Bn | 7.60% |
| 5 | Scorpio Tankers | 59.17 Bn | 58.19 Bn | - | - |
| 6 | Mplx | 57.43 Bn | 55.92 Bn | 2.54 Bn | 30.38% |
| 7 | Targa Resources | 56.68 Bn | 56.71 Bn | 1.70 Bn | 14.93% |
| 8 | Oneok | 55.34 Bn | 55.21 Bn | 2.57 Bn | 10.62% |
| 9 | Tc Energy | 50.79 Bn | 51.99 Bn | 2.95 Bn | 34.17% |
| 10 | Cheniere Energy | 50.33 Bn | 52.53 Bn | 5.86 Bn | -63.96% |
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% |