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) Operating margin
Targa Resources, Inc.'s operating margin over the twelve months to 30 June 2026 was 22.9%, up 3.4 percentage points from fiscal 2025 (19.6%). Over the past ten years it has ranged from −15.8% (fiscal 2020) to 19.6% (fiscal 2025) — the current reading is the highest in ten years. That is below the Oil & Gas Midstream industry median of 32.1% and above the Energy sector median of 14.4%.
Operating margin, annual
Annual
| Period | Operating margin | Change (points) |
|---|---|---|
| FY2025 | 19.6% | 3.11 |
| FY2024 | 16.5% | 0.10 |
| FY2023 | 16.4% | 8.09 |
| FY2022 | 8.26% | 3.16 |
| FY2021 | 5.10% | 20.88 |
| FY2020 | −15.8% | (18.00) |
| FY2019 | 2.22% | (0.05) |
| FY2018 | 2.27% | 3.66 |
| FY2017 | −1.39% | (2.22) |
| FY2016 | 0.83% | (1.56) |
Quarterly
| Period | Operating margin | Change (points) |
|---|---|---|
| Jun 2026 | 27.8% | 7.12 |
| Mar 2026 | 20.7% | (1.94) |
| Dec 2025 | 22.6% | 2.46 |
| Sep 2025 | 20.2% | (4.10) |
| 42 more quarters | Free account |
Against its own ten years
Low −15.8%
High 19.6%
Ten-year median
2.39%
Current reading's percentile
100
Operating margin against peers
| Company | Operating margin |
|---|---|
| TRP TC Energy Corporation compare | 53.9% |
| MPLX MPLX LP compare | 44.4% |
| WMB Williams Companies, Inc. (The) compare | 38.2% |
| LNG Cheniere Energy, Inc. compare | 29.9% |
| KMI Kinder Morgan, Inc. compare | 29.1% |
| TRGP Targa Resources, Inc. | 22.9% |
| OKE ONEOK, Inc. compare | 15.5% |
| EPD Enterprise Products Partners L.P. compare | 13.4% |
| ET Energy Transfer LP compare | 10.0% |
| Oil & Gas Midstream industry median | 32.1% |
| Energy sector median | 14.4% |
| Market median | 0.00% |
What Operating margin is
EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.
EBIT ÷ Revenue
More on TRGP
- Revenue
- Net income
- EBITDA
- Free cash flow
- Operating cash flow
- Gross 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