TRGP Targa Resources margins

Relative Growth: Rel. Growth:

Relative Strength: Rel. Strength:

Relative Valuation: Rel. Valuation:

Relative Profitability: Rel. Profitability: 79

Gross margin

35.1%

Operating margin

22.9%

EBITDA margin

32.5%

Net margin

13.5%

Current Targa Resources reports a gross margin of 35.1%, an operating margin of 22.9%, an EBITDA margin of 32.5%, and a net margin of 13.5%. All measured margins increased year over year, led by EBITDA margin with an increase of 7 percentage points.

TRGP margin history

Gross, operating, EBITDA and net margin trends

Over the last 3 years, Targa Resources's margins averaged 28.75% gross, 17.71% operating, 25.59% EBITDA, and 9.37% net. All four current margins are above their three-year averages.

TRGP margin expansion

Year-over-year margin changes in percentage points

Gross margin expanded by 6.6 percentage points, operating margin by 5.3 percentage points, EBITDA margin by 7 percentage points, and net margin by 3.9 percentage points, led by EBITDA margin with an increase of 7 percentage points.

Gross margin expansion

6.6pp

Operating margin expansion

5.3pp

EBITDA margin expansion

7pp

Net margin expansion

3.9pp

TRGP Gross margin

Over the last 3 years, Targa Resources's gross margin averaged 28.75%. As of the latest period, Targa Resources's current gross margin is 35.1%, which is 6.4 percentage points above its three-year average. During this period, gross margin reached a high of 35.1% in Jun 2026 and a low of 25.5% in Jun 2024.

TRGP Operating margin

Targa Resources recorded an average operating margin of 17.71% across the last 3 years. Against its three-year average, Targa Resources's operating margin is currently 22.9%, 5.2 percentage points above its three-year average. Looking back over the last 3 years, Targa Resources's operating margin reached 22.9% at its highest point in Jun 2026 and 14.8% at its lowest in Jun 2024.

TRGP EBITDA margin

Across the last 3 years, Targa Resources's EBITDA margin averaged 25.59%. Against its three-year average, Targa Resources's EBITDA margin is currently 32.5%, 6.9 percentage points above its three-year average. EBITDA margin was highest at 32.5% in Jun 2026 and lowest at 21.8% in Jun 2024.

TRGP Net margin

Across the last 3 years, Targa Resources's net margin averaged 9.37%. The current net margin stands at 13.5%, 4.1 percentage points above its three-year average. Net margin was highest at 13.5% in Jun 2026 and lowest at 6.7% in Jun 2024.

TRGP margin group comparison

Margins compared with peer-group, industry and sector averages

Targa Resources's gross margin of 35.1% is above its peers average but below the Energy sector and the industry average. In comparison with its Energy sector average of 42.7%, Targa Resources's gross margin is 18% lower.

TRGP margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is Targa Resources's gross margin?

As of Jun 30, 2026, TRGP has a gross margin of 35.1%.

What is Targa Resources's operating margin?

As of Jun 30, 2026, TRGP has an operating margin of 22.9%.

What is Targa Resources's EBITDA margin?

As of Jun 30, 2026, TRGP has an EBITDA margin of 32.5%.

What is Targa Resources's net margin?

For the period ending Jun 30, 2026, TRGP recorded a net margin of 13.5%.

What are the average margins of TRGP?

Over the past 3 years, TRGP reported average margins of 28.8% gross, 17.7% operating, 25.6% EBITDA, and 9.4% net.

What are the highest historical margins of TRGP?

Targa Resources's highest recorded margins during the past 5 years were 35.1% gross in Jun 2026, 22.9% operating in Jun 2026, 32.5% EBITDA in Jun 2026, and 13.5% net in Jun 2026.

What are the lowest historical margins of TRGP?

Over the last 5 years, Targa Resources's lowest margins were 12.9% gross in Jun 2022, 4.5% operating in Mar 2022, 7% EBITDA in Mar 2022, and 0.1% net in Mar 2022.