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

Targa Resources' Net Margin history runs 13 years deep, the most recent figure standing at 11.71% for 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 came in at 11.71% for Q1 2026 at Targa Resources, down 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.
• The 5-year median for Net Margin is 6.98% (2022), against an average of 7.45%.
• Peak annual rise in Net Margin reached 1314 bps in 2022, while the deepest fall reached 317 bps in 2022.
• A 5-year view of Net Margin shows it 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.
• Per Business Quant data, the three most recent Net Margin figures were 11.71% in Q1 2026, 13.44% in Q4 2025, and 11.52% in Q3 2025.