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

Targa Resources (TRGP) has 13 years of Net Margin data on file, last reported at 11.71% in Q1 2026.

• Net Margin for Q1 2026 came in at 11.71%, up 733.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 12.87% (up 552.0% YoY), and the FY2025 annual result was 10.88%, up 307.0% from the prior year.
• Net Margin retreated to 11.71% in Q1 2026 per TRGP's latest filing, from 13.44% in the prior quarter.
• Over five years, Net Margin peaked at 14.77% in Q2 2025 and troughed at 0.14% in Q1 2023.
• A 5-year average of 7.45% and a median of 6.98% in 2022 frame the typical range for Net Margin.
• On a YoY basis, Net Margin climbed as much as 1314 bps in 2022 and fell as far as 317 bps in 2022.
• A 5-year view of Net Margin shows it stood at 6.98% in 2022, then dropped by 5 bps to 6.61% in 2023, then advanced by 9 bps to 7.22% in 2024, then jumped by 86 bps to 13.44% in 2025, then decreased by 13 bps to 11.71% in 2026.
• Business Quant data shows TRGP's Net Margin at 11.71% in Q1 2026, 13.44% in Q4 2025, and 11.52% in Q3 2025.