Targa Resources (TRGP) EBT Margin (2014 - 2026)
Targa Resources' EBT Margin was 22.63% in Q2 2026, up 3.35 percentage points from 19.28% a year earlier and up 7.70 percentage points from the prior quarter.
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Analysis
Targa Resources (TRGP) EBT Margin (2014 - 2026) Analysis & Trends
On a trailing twelve-month basis, Targa Resources' EBT Margin was 17.50% through Jun 30, 2026, up 4.37 percentage points year-over-year; for FY2025, it came in at 14.60%, up 2.77 percentage points from FY2024.
- EBT Margin shows a five-year change of +33.65 percentage points (FY2020 to FY2025).
- In earlier years, EBT Margin was 11.83% in FY2024 (-0.26 pp), 12.10% in FY2023 (+4.15 pp), 7.95% in FY2022 (+5.37 pp) and 2.58% in FY2021 (+21.62 pp).
- The Q2 2026 figure marks the highest quarterly EBT Margin in data going back to Q1 2014.
- Compared with a year earlier, EBT Margin has increased for five straight quarters, with an average year-over-year change of +3.55 percentage points over the last eight quarters.
- The best year-over-year quarter for EBT Margin over five years was Q4 2022 (a gain of 13.65 percentage points); the worst was Q4 2021 (a drop of 11.91 percentage points).
- Per Business Quant data, TRGP's EBT Margin in the three quarters before Q2 2026 was 14.93% (Q1 2026), 17.07% (Q4 2025) and 14.96% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 102.29 Bn | 97.89 Bn | 4.84 Bn | 6.86% |
| 2 | Enterprise Products Partners | 79.85 Bn | 78.21 Bn | - | 9.22% |
| 3 | Williams Companies | 79.33 Bn | 76.36 Bn | 2.59 Bn | 30.65% |
| 4 | Kinder Morgan | 66.78 Bn | 65.63 Bn | 2.97 Bn | 21.63% |
| 5 | Energy Transfer | 65.10 Bn | 60.93 Bn | 6.57 Bn | 5.39% |
| 6 | Tc Energy | 64.42 Bn | 61.18 Bn | - | - |
| 7 | Cheniere Energy | 58.11 Bn | 52.26 Bn | 2.97 Bn | 26.79% |
| 8 | Targa Resources | 56.77 Bn | 56.23 Bn | 2.02 Bn | 15.20% |
| 9 | Mplx | 56.70 Bn | 50.73 Bn | 3.19 Bn | 32.62% |
| 10 | Oneok | 53.74 Bn | 53.15 Bn | 2.84 Bn | 10.90% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 15.20% |
| 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% |
API Access
Targa Resources EBT 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=ebt-margin&ticker=TRGP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebt-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=ebt-margin&ticker=TRGP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();