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) Operating margin
Targa Resources, Inc.'s operating margin over the twelve months to 30 September 2026 was 22.5%, up 3.0 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 34.7% and above the Energy sector median of 15.2%.
Operating margin, annual
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Annual newest first
| 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 newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| Sep 2026 | 19.6% | (8.22) |
| Jun 2026 | 27.8% | 7.12 |
| Mar 2026 | 20.7% | (1.94) |
| Dec 2025 | 22.6% | 2.46 |
| 43 more quarters | Free account |
Against its own ten years
Operating margin against peers
| Company | Operating margin |
|---|---|
| TRP TC Energy Corporation compare | 53.9% |
| MPLX MPLX LP compare | 42.0% |
| WMB Williams Companies, Inc. (The) compare | 37.5% |
| KMI Kinder Morgan, Inc. compare | 29.0% |
| LNG Cheniere Energy, Inc. compare | 28.1% |
| TRGP Targa Resources, Inc. | 22.5% |
| OKE ONEOK, Inc. compare | 14.2% |
| EPD Enterprise Products Partners L.P. compare | 12.7% |
| ET Energy Transfer LP compare | 9.17% |
| Oil & Gas Midstream industry median | 34.7% |
| Energy sector median | 15.2% |
| 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
- EPS (diluted)
- 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
- 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