TRGP Profit Margins - Targa Resources Corp.

Complete source-backed margin history.

Historical Profit Margins

Date	Gross margin	Operating margin	Net margin
2026-06-30	—	27.80%	17.22%
2026-03-31	—	20.68%	11.71%
2025-12-31	—	22.62%	13.44%
2025-09-30	—	20.16%	11.52%
2025-06-30	—	24.26%	14.77%
2025-03-31	—	11.91%	5.93%
2024-12-31	—	32.42%	16.24%
2024-09-30	—	18.91%	10.06%
2024-06-30	—	20.58%	9.79%
2024-03-31	—	16.03%	6.90%
2023-12-31	—	17.45%	8.23%
2023-09-30	—	15.04%	6.55%
2023-06-30	—	23.87%	12.11%
2023-03-31	—	22.01%	13.07%
2022-12-31	—	13.49%	7.78%
2022-09-30	—	8.53%	3.83%
2022-06-30	—	7.79%	10.28%
2022-03-31	—	6.05%	1.80%
2021-12-31	—	-1.77%	-6.05%
2021-09-30	—	8.72%	4.34%
2021-06-30	—	7.68%	1.76%
2021-03-31	—	9.82%	4.18%
2020-12-31	—	11.48%	1.45%
2020-09-30	—	17.07%	4.00%
2020-06-30	—	17.58%	6.68%
2020-03-31	—	-128.26%	-107.28%
2019-12-31	—	-1.11%	-5.28%
2019-09-30	—	2.51%	-2.86%
2019-06-30	—	6.92%	-0.62%
2019-03-31	—	3.12%	-1.98%
2018-12-31	—	-5.51%	-7.28%
2018-09-30	—	2.57%	-0.79%
2018-06-30	—	6.36%	4.46%
2018-03-31	—	3.51%	0.93%
2017-12-31	—	6.72%	16.78%
2017-09-30	—	-15.18%	-7.86%

Date	Gross margin	Operating margin	Net margin
2025-12-31	—	19.56%	11.29%
2024-12-31	—	19.07%	9.28%
2023-12-31	—	19.42%	9.95%
2022-12-31	—	8.72%	6.03%
2021-12-31	—	5.37%	0.44%
2020-12-31	—	-18.97%	-22.61%
2019-12-31	34.50%	2.61%	-2.83%
2018-12-31	24.02%	2.54%	0.02%
2017-12-31	24.47%	-1.57%	0.69%
2016-12-31	26.42%	0.83%	-2.80%