What is the current annual gross margin of TRGP?

As of today, TRGP annual gross margin is 21.77%

What is 1-year change in TRGP annual gross margin?

TRGP annual gross margin is up +8.85% year-over-year

What is 3-year change in TRGP annual gross margin?

TRGP annual gross margin is up +122.60% over the past 3 years

How far is TRGP annual gross margin from its all-time high?

TRGP annual gross margin is currently at its all-time high

How does TRGP annual gross margin rank versus sector peers?

TRGP annual gross margin is higher than 46.31% of companies in Energy sector

When is TRGP next annual earnings release?

As of today, the next annual earnings release for TRGP has not been scheduled

What is the current quarterly gross margin of TRGP?

As of today, TRGP quarterly gross margin is 29.97%

What is TRGP quarterly gross margin most recent change?

TRGP quarterly gross margin was up +9.78% on June 30, 2026

What is 1-year change in TRGP quarterly gross margin?

TRGP quarterly gross margin is up +35.12% year-over-year

How far is TRGP quarterly gross margin from its all-time high?

TRGP quarterly gross margin is currently at its all-time high

How does TRGP quarterly gross margin rank versus sector peers?

TRGP quarterly gross margin is higher than 49.36% of companies in Energy sector

When is TRGP next earnings release?

The next earnings release for TRGP is on November 5, 2026

TRGP Gross Margin History & Chart Since 2007

Annual Gross Margin

21.77%1.77%+8.85%

December 31, 2025

Summary

Current Value: As of today, TRGP annual gross margin is 21.77%, up +8.85% on December 31, 2025
Historical Performance: TRGP annual gross margin is up +122.60% over the past 3 years, up +18.32% over the past 5 years
All-Time High Comparison: TRGP annual gross margin is currently at its all-time high
3-Year Low Comparison: TRGP annual gross margin is +122.60% above its 3-year low of 9.78% reached on an earlier date
Sector Comparison: TRGP annual gross margin is higher than 46.31% of companies in Energy sector

Gross Margin Chart

beforeafter

Performance

TRGP Performance
Metric	Date	Value	1Y	3Y	5Y	15Y
Annual Gross Margin	Dec 31, 25	21.77%	+8.8%	+122.6%	+18.3%	+102.3%
Quarterly Gross Margin	Jun 30, 26	29.97%	+35.1%	+79.7%	+151.4%	+315.7%
Price	Aug 14, 26	$275.79	+66.6%	+226.0%	+527.6%	+762.4%
PE Ratio	Aug 14, 26	26.33	+11.1%	+15.4%	-54.7%	–
Annual Revenue	Dec 31, 25	$17.19B	+3.4%	-17.9%	+107.8%	+214.8%
Annual Gross Profit	Dec 31, 25	$3.71B	+11.5%	+81.0%	+143.5%	+530.9%
Annual Operating Margin	Dec 31, 25	19.56%	+10.4%	+135.7%	+27.8%	+468.6%
Annual Net Margin	Dec 31, 25	11.49%	+23.7%	+57.2%	+171.7%	+890.5%

Gross Margin Highs

TRGP Annual Gross Margin Highs Comparison
Period	High	Date	Current
3Y	21.77%	Dec 31, 25	at high
5Y	21.77%	Dec 31, 25	at high
All	21.77%	Dec 31, 25	at high

Gross Margin Lows

TRGP Annual Gross Margin Lows Comparison
Period	Low	Date	Current
3Y	9.78%	N/A	+122.6%
5Y	9.78%	Dec 31, 22	+122.6%
All	4.30%	Dec 31, 08	+406.3%

Gross Margin History

Year	Value	Change
2025	21.77%	+8.9%
2024	20.00%	+23.2%
2023	16.23%	+66.0%
2022	9.78%	-18.5%
2021	12.00%	-34.8%
2020	18.40%	+100.9%
2019	9.16%	+24.1%
2018	7.38%	+24.5%
2017	5.93%	-4.0%
2016	6.18%	-22.4%

Year	Value	Change
2015	7.96%	-13.7%
2014	9.22%	+18.5%
2013	7.78%	+1.0%
2012	7.70%	+10.5%
2011	6.97%	-35.2%
2010	10.76%	+43.7%
2009	7.49%	+74.2%
2008	4.30%	-16.7%
2007	5.16%	-

FAQ

What is the current annual gross margin of TRGP?: As of today, TRGP annual gross margin is 21.77%
What is 1-year change in TRGP annual gross margin?: TRGP annual gross margin is up +8.85% year-over-year
What is 3-year change in TRGP annual gross margin?: TRGP annual gross margin is up +122.60% over the past 3 years
How far is TRGP annual gross margin from its all-time high?: TRGP annual gross margin is currently at its all-time high
How does TRGP annual gross margin rank versus sector peers?: TRGP annual gross margin is higher than 46.31% of companies in Energy sector
When is TRGP next annual earnings release?: As of today, the next annual earnings release for TRGP has not been scheduled

Gross Margin Formula

Gross Margin = Gross Profit

Revenue × 100%

Quarterly Gross Margin

29.97%2.67%+9.78%

June 30, 2026

Summary

Current Value: As of today, TRGP quarterly gross margin is 29.97%, up +9.78% on June 30, 2026
Historical Performance: TRGP quarterly gross margin is up +35.12% year-over-year, up +79.68% over the past 3 years
All-Time High Comparison: TRGP quarterly gross margin is currently at its all-time high
3-Year Low Comparison: TRGP quarterly gross margin is +99.80% above its 3-year low of 15.00% reached on September 30, 2023
Sector Comparison: TRGP quarterly gross margin is higher than 49.36% of companies in Energy sector

Performance

TRGP Performance
Metric	Date	Value	3M	1Y	3Y	5Y
Quarterly Gross Margin	Jun 30, 26	29.97%	+9.8%	+35.1%	+79.7%	+151.4%
Annual Gross Margin	Dec 31, 25	21.77%	–	+8.8%	+122.6%	+18.3%
Price	Aug 14, 26	$275.79	+3.1%	+66.6%	+226.0%	+527.6%
PE Ratio	Aug 14, 26	26.33	-3.4%	+11.1%	+15.4%	-54.7%
Quarterly Revenue	Jun 30, 26	$4.50B	+3.7%	+11.7%	+40.2%	+27.6%
Quarterly Gross Profit	Jun 30, 26	$1.33B	+12.4%	+49.0%	+148.7%	+216.6%
Quarterly Operating Margin	Jun 30, 26	27.80%	+9.4%	+38.5%	+96.5%	+174.4%
Quarterly Net Margin	Jun 30, 26	17.52%	+56.7%	+11.4%	+46.5%	+297.3%

Quarterly Gross Margin Highs

TRGP Quarterly Gross Margin Highs Comparison
Period	High	Date	Current
1Y	29.97%	Jun 30, 26	at high
3Y	29.97%	Jun 30, 26	at high
5Y	29.97%	Jun 30, 26	at high
All	29.97%	Jun 30, 26	at high

Quarterly Gross Margin Lows

TRGP Quarterly Gross Margin Lows Comparison
Period	Low	Date	Current
1Y	22.18%	N/A	+35.1%
3Y	15.00%	Sep 30, 23	+99.8%
5Y	-2.24%	Dec 31, 22	+1438.0%
All	-2.24%	Dec 31, 22	+1438.0%

Quarterly Gross Margin History

Month	Value	Change
Jun 2026	29.97%	+9.8%
Mar 2026	27.30%	+4.6%
Dec 2025	26.10%	+12.1%
Sep 2025	23.28%	+5.0%
Jun 2025	22.18%	+16.5%
Mar 2025	19.04%	-6.2%
Dec 2024	20.29%	-8.8%
Sep 2024	22.25%	+3.0%
Jun 2024	21.61%	+30.6%
Mar 2024	16.55%	-3.0%
Dec 2023	17.07%	+13.8%
Sep 2023	15.00%	-10.1%
Jun 2023	16.68%	+3.1%
Mar 2023	16.18%	+822.3%
Dec 2022	-2.24%	-116.8%
Sep 2022	13.36%	+19.1%
Jun 2022	11.22%	-13.5%
Mar 2022	12.97%	+18.7%
Dec 2021	10.93%	-3.9%
Sep 2021	11.37%	-4.6%
Jun 2021	11.92%	-17.4%
Mar 2021	14.43%	-42.3%
Dec 2020	25.03%	+58.3%
Sep 2020	15.81%	+11.3%
Jun 2020	14.20%	+0.5%
Mar 2020	14.13%	+7.5%
Dec 2019	13.15%	+34.7%
Sep 2019	9.76%	+32.2%
Jun 2019	7.38%	+25.9%
Mar 2019	5.86%	-22.3%
Dec 2018	7.54%	+0.1%
Sep 2018	7.53%	+5.0%
Jun 2018	7.17%	-1.1%
Mar 2018	7.25%	-6.2%

Month	Value	Change
Dec 2017	7.73%	+52.2%
Sep 2017	5.08%	+13.9%
Jun 2017	4.46%	-22.7%
Mar 2017	5.77%	-13.9%
Dec 2016	6.70%	+16.3%
Sep 2016	5.76%	-5.4%
Jun 2016	6.09%	-30.4%
Mar 2016	8.75%	+43.7%
Dec 2015	6.09%	-33.2%
Sep 2015	9.11%	+2.9%
Jun 2015	8.85%	-10.8%
Mar 2015	9.92%	+9.5%
Dec 2014	9.06%	-0.4%
Sep 2014	9.10%	-4.1%
Jun 2014	9.49%	+10.9%
Mar 2014	8.56%	+1.8%
Dec 2013	8.41%	+3.7%
Sep 2013	8.11%	+19.4%
Jun 2013	6.79%	-9.1%
Mar 2013	7.47%	+5.8%
Dec 2012	7.06%	-1.0%
Sep 2012	7.13%	-10.9%
Jun 2012	8.00%	-6.1%
Mar 2012	8.52%	+12.7%
Dec 2011	7.56%	+13.5%
Sep 2011	6.66%	-7.6%
Jun 2011	7.21%	-23.0%
Mar 2011	9.36%	+31.5%
Dec 2010	7.12%	-36.2%
Sep 2010	11.16%	+0.1%
Jun 2010	11.15%	+15.5%
Mar 2010	9.65%	-26.1%
Dec 2009	13.05%	+1.3%
Sep 2009	12.88%	-

FAQ

What is the current quarterly gross margin of TRGP?: As of today, TRGP quarterly gross margin is 29.97%
What is TRGP quarterly gross margin most recent change?: TRGP quarterly gross margin was up +9.78% on June 30, 2026
What is 1-year change in TRGP quarterly gross margin?: TRGP quarterly gross margin is up +35.12% year-over-year
How far is TRGP quarterly gross margin from its all-time high?: TRGP quarterly gross margin is currently at its all-time high
How does TRGP quarterly gross margin rank versus sector peers?: TRGP quarterly gross margin is higher than 49.36% of companies in Energy sector
When is TRGP next earnings release?: The next earnings release for TRGP is on November 5, 2026

Gross Margin Formula

Gross Margin = Gross Profit

Revenue × 100%

Data Sources & References

TRGP Official Website www.targaresources.com
Most Recent Annual Report (10-K) www.sec.gov/Archives/edgar/data/1389170/000119312526059296/0001193125-26-059296-index.htm
TRGP Profile on Yahoo Finance finance.yahoo.com/quote/TRGP
TRGP Profile on NASDAQ.com www.nasdaq.com/market-activity/stocks/trgp