stockrowTarga Resources, Inc.
TRGP Energy Oil & Gas Midstream
Targa Resources, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $17.0 billion, up 3.95% from fiscal 2024.
- Revenue
- +34.9%
- EPS
- +38.0%
- Free cash flow
- +265.7%
- Total debt
- +13.8%
Quarter to September 2026, against a year earlier
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Targa Resources, Inc. (TRGP) Gross margin
Targa Resources, Inc.'s gross margin over the twelve months to 30 September 2026 was 41.8%, up 3.5 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 54.9% and in line with the Energy sector median of 42.1%.
Gross margin, annual
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Annual newest first
| 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 newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| Sep 2026 | 36.1% | (12.07) |
| Jun 2026 | 48.2% | 6.63 |
| Mar 2026 | 41.5% | (1.58) |
| Dec 2025 | 43.1% | 3.48 |
| 43 more quarters | Free account |
Against its own ten years
Gross margin against peers
| Company | Gross margin |
|---|---|
| WMB Williams Companies, Inc. (The) compare | 82.1% |
| TRP TC Energy Corporation compare | 70.4% |
| KMI Kinder Morgan, Inc. compare | 66.4% |
| MPLX MPLX LP compare | 57.6% |
| TRGP Targa Resources, Inc. | 41.8% |
| LNG Cheniere Energy, Inc. compare | 36.4% |
| OKE ONEOK, Inc. compare | 25.2% |
| ET Energy Transfer LP compare | 21.3% |
| EPD Enterprise Products Partners L.P. compare | 12.5% |
| Oil & Gas Midstream industry median | 54.9% |
| Energy sector median | 42.1% |
| Market median | 45.1% |
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
- EPS (diluted)
- 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
- EV/FCF
- 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
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement