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

Targa Resources (TRGP) has 10 years of Gross Margin data on file, last reported at 41.52% in Q1 2026.

• On a quarterly basis, Gross Margin rose 1294.0% year-over-year to 41.52% in Q1 2026; TTM through Mar 2026 was 41.77%, a 735.0% increase from a year earlier, with the FY2025 full-year figure at 38.29%, up 363.0% from the prior year.
• Gross Margin for Q1 2026 stood at 41.52%, down from 43.1% in the prior quarter.
• Over the last five years, Gross Margin for TRGP reached as high as 43.1% in Q4 2025 and fell as low as 15.22% in Q1 2022.
• Historically, Gross Margin has averaged 32.31% across 5 years, with a median of 33.22% in 2023.
• Across the five-year window, Gross Margin plunged 670 bps in 2022 and soared 2256 bps in 2023, its largest moves.
• Year by year, Gross Margin stood at 27.02% in 2022, then climbed by 17 bps to 31.63% in 2023, then grew by 6 bps to 33.66% in 2024, then advanced by 28 bps to 43.1% in 2025, then retreated by 4 bps to 41.52% in 2026.
• Per Business Quant data, the three most recent Gross Margin figures were 41.52% in Q1 2026, 43.1% in Q4 2025, and 39.62% in Q3 2025.