SuperworthTarga Resources profit margin TRGP
Gross, operating and net profit as a share of revenue over the last twelve months, from 2010.
- Net margin, 12 months
- 13.5%
- Operating margin, 12 months
- 22.9%
- Net margin on a year earlier
- +4.0 pts
- Peer median
- 19.3%
Over the twelve months to Jun 30, 2026, Targa Resources kept 13.5% of its revenue as net profit, with an operating margin of 22.9% and a gross margin of 43.2%.
Five years earlier its net margin was 2.6%.
The median for 10 oil and gas pipeline stocks of a similar size is 19.3%.
Profit margin over time
Fiscal year by fiscal year
| Fiscal year | Net margin | Operating margin | Gross margin |
|---|---|---|---|
| FY2025 | 11.3% | 19.6% | 38.3% |
| FY2024 | 8.0% | 16.5% | 34.7% |
| FY2023 | 8.4% | 16.4% | 33.5% |
| FY2022 | 5.7% | 8.3% | 19.3% |
| FY2021 | 0.4% | 5.1% | 19.0% |
| FY2020 | −18.8% | −15.8% | 37.2% |
| FY2019 | −2.4% | 2.2% | 29.4% |
| FY2018 | 0.0% | 2.3% | 21.4% |
| FY2017 | 0.6% | −1.4% | n/a |
| FY2016 | −2.8% | 0.8% | n/a |
| FY2015 | 1.1% | 2.9% | n/a |
| FY2014 | 1.2% | 7.7% | n/a |
| FY2013 | 1.0% | 5.8% | n/a |
| FY2012 | 0.6% | 5.7% | n/a |
| FY2011 | 0.4% | 5.0% | n/a |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year | Operating margin |
|---|---|---|---|---|
| Q2 FY26 | 13.5% | +4.0 pts | 22.9% | |
| Q1 FY26 | 12.9% | +4.9 pts | 21.9% | |
| Q4 FY25 | 11.3% | +3.3 pts | 19.6% | |
| Q3 FY25 | 9.9% | +2.2 pts | 17.9% | |
| Q2 FY25 | 9.6% | +2.9 pts | 17.6% | |
| Q1 FY25 | 8.0% | +1.0 pts | 15.9% | |
| Q4 FY24 | 8.0% | −0.4 pts | 16.5% | |
| Q3 FY24 | 7.8% | −0.6 pts | 16.2% | |
| Q2 FY24 | 6.7% | −0.8 pts | 14.8% | |
| Q1 FY24 | 7.0% | −0.8 pts | 15.1% | |
| Q4 FY23 | 8.4% | +2.7 pts | 16.4% | |
| Q3 FY23 | 8.3% | +5.7 pts | 15.5% |
Against its peers
Companies in Oil & Gas Midstream nearest Targa Resources' size, closest first, today.
| Company | Profit margin |
|---|---|
| TRGPTarga Resources | 13.5% |
| LNGCheniere Energy | 13.6% |
| ETEnergy Transfer | 4.9% |
| OKEONEOK | 9.3% |
| MPLXMPLX Lp | n/m |
| KMIKinder Morgan | 19.3% |
| EPDEnterprise Products Partners | 10.8% |
| WMBWilliams Companies | 25.2% |
| VGVenture Global | 22.3% |
| CQPCheniere Energy Partners | 27.3% |
| WESWestern Midstream Partners | 29.6% |
| Peer median | 19.3% |
Where Targa Resources ranks
What the profit margin tells you
Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).
Compare within an industry. 10% is superb for a retailer and poor for a software company.
More on Targa Resources
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.