Targa Resources, Inc. TRGP
277.84
(5.31)
(1.88%)
as of 25 Sep
- Market cap
- $60.7B
- P/E
- 26.5×
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Targa Resources, Inc. (TRGP) Gross margin
Targa Resources, Inc.'s gross margin over the twelve months to 30 June 2026 was 43.2%, up 4.9 percentage points from fiscal 2025 (38.3%). Over the past ten years it has ranged from 19.0% (fiscal 2021) to 38.3% (fiscal 2025) — the current reading is the highest in ten years. That is below the Oil & Gas Midstream industry median of 58.8% and below the Energy sector median of 49.5%.
Gross margin, annual
Annual
| Period | Gross margin | Change (points) |
|---|---|---|
| FY2025 | 38.3% | 3.63 |
| FY2024 | 34.7% | 1.14 |
| FY2023 | 33.5% | 14.18 |
| FY2022 | 19.3% | 0.34 |
| FY2021 | 19.0% | (18.21) |
| FY2020 | 37.2% | 8.80 |
| FY2019 | 28.4% | 6.99 |
| FY2018 | 21.4% | (0.23) |
| FY2017 | 21.7% | (4.77) |
| FY2016 | 26.4% | (0.93) |
Quarterly
| Period | Gross margin | Change (points) |
|---|---|---|
| Jun 2026 | 48.2% | 6.63 |
| Mar 2026 | 41.5% | (1.58) |
| Dec 2025 | 43.1% | 3.48 |
| Sep 2025 | 39.6% | (3.20) |
| 42 more quarters | Free account |
Against its own ten years
Low 19.0%
High 38.3%
Ten-year median
27.4%
Current reading's percentile
100
Gross margin against peers
| Company | Gross margin |
|---|---|
| WMB Williams Companies, Inc. (The) compare | 82.8% |
| TRP TC Energy Corporation compare | 70.4% |
| KMI Kinder Morgan, Inc. compare | 66.6% |
| MPLX MPLX LP compare | 59.7% |
| TRGP Targa Resources, Inc. | 43.2% |
| LNG Cheniere Energy, Inc. compare | 38.5% |
| OKE ONEOK, Inc. compare | 27.2% |
| ET Energy Transfer LP compare | 23.6% |
| EPD Enterprise Products Partners L.P. compare | 13.3% |
| Oil & Gas Midstream industry median | 58.8% |
| Energy sector median | 49.5% |
| Market median | 46.3% |
What Gross margin is
Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.
Gross Profit ÷ Revenue
More on TRGP
- Revenue
- Net income
- EBITDA
- Free cash flow
- Operating cash flow
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- The full statement