Targa Resources (TRGP) Gross Margin (2017 - 2026)

Targa Resources (TRGP) has reported Gross Margin for 10 consecutive years, with 48.15% the latest figure, recorded in Q2 2026.

• On a quarterly basis, Gross Margin rose 534.0% year-over-year to 48.15% in Q2 2026; TTM through Jun 2026 was 43.19%, a 749.0% increase from a year earlier, with the FY2025 full-year figure at 38.29%, up 363.0% from the prior year.
• Gross Margin was 48.15% for Q2 2026 at Targa Resources, up from 41.52% in the prior quarter.
• Over five years, Gross Margin peaked at 48.15% in Q2 2026 and troughed at 15.22% in Q1 2022.
• A 5-year average of 33.19% and a median of 33.44% in 2024 frame the typical range for Gross Margin.
• Across the five-year window, Gross Margin tumbled 670 bps in 2022 and jumped 2256 bps in 2023, its largest moves.
• Over 5 years, Gross Margin stood at 27.02% in 2022, then rose by 17 bps to 31.63% in 2023, then rose by 6 bps to 33.66% in 2024, then grew by 28 bps to 43.1% in 2025, then gained by 12 bps to 48.15% in 2026.
• The last three Gross Margin figures came in at 48.15% (Q2 2026), 41.52% (Q1 2026), and 43.1% (Q4 2025), per Business Quant data.