Targa Resources Corp.
TRGP
Rank in Stocks
#384
Targa Resources Corp., alongside its subsidiary Targa Resources Partners LP, is... Targa Resources Corp., alongside its subsidiary Targa Resources Partners LP, is a significant entity in the North American midstream energy sector, focusing on the ownership, operation, acquisition, and development of crucial energy infrastructure assets. Its business is structured into two main divisions: "Gathering and Processing" and "Logistics and Transportation." Within these segments, the company undertakes a broad range of activities, including the collection, compression, treatment, processing, transport, and sale of natural gas. It also manages the storage, fractionation, treatment, transportation, and distribution of natural gas liquids (NGLs) and their associated products, providing services even to liquefied petroleum gas (LPG) exporters. Furthermore, Targa handles the gathering, storage, terminaling, purchasing, and selling of crude oil. Beyond these core operations, the company is involved in the procurement and resale of NGL products, wholesale propane distribution, and providing related logistics support to a diverse clientele, including multi-state retailers, independent businesses, and end-users. It also offers NGL balancing services and transportation solutions for refineries and petrochemical companies situated in the Gulf Coast region, while actively purchasing, marketing, and reselling natural gas. The company's extensive asset base features approximately 28,400 miles of natural gas pipelines, including 42 owned and managed processing plants, and it operates 34 storage wells with a substantial gross capacity of about 76 million barrels. As of December 31, 2021, its transportation fleet comprised approximately 648 leased and managed railcars, 119 transport tractors, and two company-owned pressurized NGL barges. Targa Resources Corp. was established in 2005 and is headquartered in Houston, Texas.
Share Price
$294.79
Last synced: 2026-10-16
Market Cap
$63.21B
Change (1 day)
4.47%
Change (1 year)
98.28%
Country
US
Trade Targa Resources Corp. (TRGP)
Category
Energy
Operating Margin for Targa Resources Corp. (TRGP)
Operating Margin as of October 2026 TTM: 23.13%
According to Targa Resources Corp. latest financial reports and stock price the company's current Operating Margin (TTM) is 23.13%. At the end of 2023 the company had an Operating Margin of 14.00%.
Operating Margin history for Targa Resources Corp. from 2008 to 2026
Operating Margin at the end of each year
| Year | Operating Margin | Change |
|---|---|---|
| 2026 (TTM) | 23.13% | 30.60% |
| 2024 | 17.71% | 26.50% |
| 2023 | 14.00% | 22.27% |
| 2022 | 11.45% | 9.67% |
| 2021 | 10.44% | -31.76% |
| 2020 | 15.30% | 158.45% |
| 2019 | 5.92% | 20.57% |
| 2018 | 4.91% | 35.64% |
| 2017 | 3.62% | 7.74% |
| 2016 | 3.36% | -38.69% |
| 2015 | 5.48% | -26.74% |
| 2014 | 7.48% | 37.25% |
| 2013 | 5.45% | 3.02% |
| 2012 | 5.29% | 5.38% |
| 2011 | 5.02% | 45.93% |
| 2010 | 3.44% | -28.78% |
| 2009 | 4.83% | 55.81% |
| 2008 | 3.10% | 0.00% |
Operating Margin for similar companies or competitors
| Company | Operating Margin | Operating Margin Difference | Country |
|---|---|---|---|
| 0.00% | - |
CA
|
|
| 40.31% | -98.26% |
US
|
|
| 12.97% | -99.44% |
US
|
|
| 29.04% | -98.74% |
US
|
|
| 0.00% | - |
US
|
What is a company's Operating Margin?
The operating margin is a key indicator to assess the profitability of a company. Higher operating margins are generaly better as they show that a company is able to sell its products or services for much more than their production costs. The operating margin is calculated by dividing a company's earnings by its revenue.