Targa Resources (TRGP) Net Margin (2010 - 2026)
Targa Resources (TRGP) posted quarterly Net Margin of 11.71% for Q1 2026, up 733.0% year-over-year from 1.41% in Q1 2025, and down 12.84% quarter-over-quarter from 13.44% in Q4 2025.
Targa Resources (TRGP) Net Margin (2010 - 2026) Analysis & Trends
Targa Resources (TRGP) has reported Net Margin for 17 consecutive years, with 11.71% the latest figure, recorded in Q1 2026.
- In Q1 2026, Net Margin rose 733.0% year-over-year to 11.71%; the TTM figure through Mar 2026 stood at 12.87% (up 552.0% YoY), while the FY2025 annual figure was 10.88%, up 307.0% from the prior year.
- Net Margin declined to 11.71% in Q1 2026 per TRGP's latest filing, from 13.44% in the prior quarter.
- Across five years, Net Margin topped out at 14.77% in Q2 2025 and bottomed at 0.14% in Q1 2023.
- Historically, Net Margin has averaged 7.45% across 5 years, with a median of 6.98% in 2022.
- On a YoY basis, Net Margin climbed as much as 1314 bps in 2022 and fell as far as 317 bps in 2022.
- Targa Resources' Net Margin stood at 6.98% in 2022, then declined by 5 bps to 6.61% in 2023, then climbed by 9 bps to 7.22% in 2024, then surged by 86 bps to 13.44% in 2025, then slipped 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 112.04 Bn | 113.17 Bn | 3.07 Bn | 19.97% |
| 2 | Enbridge | 111.19 Bn | 111.69 Bn | 5.23 Bn | 4.76% |
| 3 | Enterprise Products Partners | 83.98 Bn | 83.12 Bn | - | 10.16% |
| 4 | Energy Transfer | 72.48 Bn | 71.45 Bn | 7.40 Bn | 5.90% |
| 5 | Tc Energy | 66.71 Bn | 66.18 Bn | 1.24 Bn | 55.36% |
| 6 | Mplx | 60.30 Bn | 59.27 Bn | 2.73 Bn | 32.82% |
| 7 | Oneok | 59.88 Bn | 59.82 Bn | 2.81 Bn | 8.03% |
| 8 | Targa Resources | 59.14 Bn | 59.14 Bn | 2.14 Bn | 17.22% |
| 9 | Cheniere Energy | 56.12 Bn | 60.17 Bn | 5.29 Bn | 63.54% |
| 10 | Venture Global | 34.82 Bn | 35.11 Bn | 2.92 Bn | 29.42% |
Historic Data
Download 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% |