Targa Resources (TRGP) Net Margin (2014 - 2026)
Targa Resources (TRGP) posted Net Margin of 17.22% for Q2 2026, up 2.45 percentage points from 14.77% a year earlier and up 5.51 percentage points from the prior quarter.
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Analysis
Targa Resources (TRGP) Net Margin (2014 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Net Margin at Targa Resources was 13.54%, up 4.56 percentage points year-over-year; for FY2025, it came in at 10.88%, up 3.07 percentage points from FY2024.
- Annual Net Margin has increased for five consecutive years, with a five-year change of +31.28 percentage points (FY2020 to FY2025).
- In prior years, Targa Resources' Net Margin was 7.81% in FY2024 (+2.60 pp), 5.20% in FY2023 (+0.92 pp), 4.28% in FY2022 (+4.38 pp) and -0.09% in FY2021 (+20.30 pp).
- The Q2 2026 figure stands as the highest quarterly Net Margin in data going back to Q1 2014.
- On a year-over-year basis, Net Margin has increased in each of the last five quarters, with an average year-over-year change of +3.40 percentage points over the last eight quarters.
- The strongest year-over-year quarter for Net Margin in the past five years was Q4 2022, with a gain of 13.14 percentage points; the weakest was Q4 2021, with a drop of 6.13 percentage points.
- According to Business Quant data, Net Margin for the three prior quarters was 11.71% (Q1 2026), 13.44% (Q4 2025) and 11.52% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 102.52 Bn | 100.06 Bn | 4.84 Bn | 4.76% |
| 2 | Enterprise Products Partners | 79.27 Bn | 77.71 Bn | - | 10.07% |
| 3 | Energy Transfer | 69.21 Bn | 62.65 Bn | 7.40 Bn | 5.90% |
| 4 | Kinder Morgan | 68.17 Bn | 69.12 Bn | 3.07 Bn | 19.37% |
| 5 | Tc Energy | 61.09 Bn | 64.16 Bn | 2.81 Bn | 24.94% |
| 6 | Targa Resources | 59.48 Bn | 59.10 Bn | 2.14 Bn | 17.22% |
| 7 | Mplx | 58.45 Bn | 52.01 Bn | 2.91 Bn | 32.82% |
| 8 | Oneok | 55.88 Bn | 54.37 Bn | 2.81 Bn | 8.02% |
| 9 | Cheniere Energy | 55.70 Bn | 55.83 Bn | 5.29 Bn | 53.52% |
| 10 | Venture Global | 32.11 Bn | 26.66 Bn | 2.92 Bn | 29.42% |
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% |
API Access
Targa Resources Net Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=net-margin&ticker=TRGP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "ticker": "TRGP", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=net-margin&ticker=TRGP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();