Targa Resources (TRGP) Net Margin (2010 - 2026)
Targa Resources' (TRGP) quarterly Net Margin came in at 17.22% in Q2 2026, up 245.0% year-over-year from 4.99% in Q2 2025, and up 47.02% quarter-over-quarter from 11.71% in Q1 2026.
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Targa Resources (TRGP) Net Margin (2010 - 2026) Analysis & Trends
Targa Resources (TRGP) has reported Net Margin for 17 consecutive years, with 17.22% the latest figure, recorded in Q2 2026.
- On a quarterly basis, Net Margin rose 245.0% year-over-year to 17.22% in Q2 2026; TTM through Jun 2026 was 13.54%, a 456.0% increase from a year earlier, with the FY2025 full-year figure at 10.88%, up 307.0% from the prior year.
- Net Margin was 17.22% for Q2 2026 at Targa Resources, up from 11.71% in the prior quarter.
- Over five years, Net Margin peaked at 17.22% in Q2 2026 and troughed at 0.14% in Q1 2023.
- A 5-year average of 7.99% and a median of 7.1% in 2024 frame the typical range for Net Margin.
- The widest YoY moves for Net Margin: up 1314 bps in 2022, down 317 bps in 2022.
- Over 5 years, Net Margin stood at 6.98% in 2022, then slipped by 5 bps to 6.61% in 2023, then gained by 9 bps to 7.22% in 2024, then soared by 86 bps to 13.44% in 2025, then advanced by 28 bps to 17.22% in 2026.
- The last three Net Margin figures came in at 17.22% (Q2 2026), 11.71% (Q1 2026), and 13.44% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 111.69 Bn | 112.81 Bn | 3.07 Bn | 19.97% |
| 2 | Enterprise Products Partners | 84.07 Bn | 83.21 Bn | - | 10.16% |
| 3 | Energy Transfer | 74.03 Bn | 73.00 Bn | 7.40 Bn | 5.90% |
| 4 | Tc Energy | 65.16 Bn | 64.62 Bn | 1.80 Bn | 24.94% |
| 5 | Targa Resources | 62.18 Bn | 62.19 Bn | 2.14 Bn | 17.22% |
| 6 | Mplx | 60.51 Bn | 59.48 Bn | 2.73 Bn | 32.82% |
| 7 | Oneok | 60.16 Bn | 60.09 Bn | 2.81 Bn | 8.03% |
| 8 | Enbridge | 54.38 Bn | 54.88 Bn | 5.23 Bn | 4.76% |
| 9 | Pembina Pipeline | 28.12 Bn | 27.76 Bn | 933.00 Mn | 23.70% |
| 10 | Gas Transporter Of The South | 21.92 Bn | -3,019.13 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 17.22% |
| Mar 31, 2026 | 11.71% |
| Dec 31, 2025 | 13.44% |
| Sep 30, 2025 | 11.52% |
| Jun 30, 2025 | 14.77% |
| Mar 31, 2025 | 4.38% |
| Dec 31, 2024 | 7.22% |
| Sep 30, 2024 | 10.06% |
| Jun 30, 2024 | 8.38% |
| Mar 31, 2024 | 6.03% |
| Dec 31, 2023 | 6.61% |
| Sep 30, 2023 | 5.65% |
| Jun 30, 2023 | 9.67% |
| Mar 31, 2023 | 0.14% |
| Dec 31, 2022 | 6.98% |
| Sep 30, 2022 | 3.60% |
| Jun 30, 2022 | 6.15% |
| Mar 31, 2022 | 0.26% |
| Dec 31, 2021 | -6.16% |
| Sep 30, 2021 | 3.60% |