Targa Resources (TRGP) Gross Margin (2014 - 2026)

Targa Resources (TRGP) has 13 years of Gross Margin data on file, last reported at 41.52% in Q1 2026.

• Gross Margin for Q1 2026 came in at 41.52%, up 1294.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 41.77% (up 2691.0% YoY), and the FY2025 annual result was 38.29%, up 2418.0% from the prior year.
• Gross Margin retreated to 41.52% in Q1 2026 per TRGP's latest filing, from 43.1% in the prior quarter.
• Over five years, Gross Margin peaked at 53.19% in Q4 2022 and troughed at 3.6% in Q1 2022.
• A 5-year average of 19.26% and a median of 12.96% in 2023 frame the typical range for Gross Margin.
• The sharpest annual moves came in 2023 and 2025: Gross Margin slumped 5363 bps in 2023, then surged 4008 bps in 2025.
• A 5-year view of Gross Margin shows it stood at 53.19% in 2022, then plunged by 101 bps to 0.44% in 2023, then surged by 3166 bps to 13.6% in 2024, then soared by 217 bps to 43.1% in 2025, then fell by 4 bps to 41.52% in 2026.
• Business Quant data shows TRGP's Gross Margin at 41.52% in Q1 2026, 43.1% in Q4 2025, and 39.62% in Q3 2025.