What is the current annual net margin of TRGP?

As of today, TRGP annual net margin is 11.49%

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

TRGP annual net margin is up +23.68% year-over-year

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

TRGP annual net margin is up +57.18% over the past 3 years

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

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

How does TRGP annual net margin rank versus sector peers?

TRGP annual net margin is higher than 58.92% 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 net margin of TRGP?

As of today, TRGP quarterly net margin is 17.52%

What is TRGP quarterly net margin most recent change?

TRGP quarterly net margin was up +56.71% on June 30, 2026

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

TRGP quarterly net margin is up +11.38% year-over-year

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

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

How does TRGP quarterly net margin rank versus sector peers?

TRGP quarterly net margin is higher than 53.28% of companies in Energy sector

When is TRGP next earnings release?

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

TRGP Net Margin History & Chart Since 2007

Annual Net Margin

11.49%2.20%+23.68%

December 31, 2025

Summary

Current Value: As of today, TRGP annual net margin is 11.49%, up +23.68% on December 31, 2025
Historical Performance: TRGP annual net margin is up +57.18% over the past 3 years, up +171.72% over the past 5 years
All-Time High Comparison: TRGP annual net margin is currently at its all-time high
3-Year Low Comparison: TRGP annual net margin is +57.18% above its 3-year low of 7.31% reached on an earlier date
Sector Comparison: TRGP annual net margin is higher than 58.92% of companies in Energy sector

Net Margin Chart

beforeafter

Performance

TRGP Performance
Metric	Date	Value	1Y	3Y	5Y	15Y
Annual Net Margin	Dec 31, 25	11.49%	+23.7%	+57.2%	+171.7%	+890.5%
Quarterly Net Margin	Jun 30, 26	17.52%	+11.4%	+46.5%	+297.3%	+376.1%
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 Net Income	Dec 31, 25	$1.95B	+26.0%	+27.1%	+246.8%	+2973.6%
Annual Gross Margin	Dec 31, 25	21.77%	+8.8%	+122.6%	+18.3%	+102.3%
Annual Operating Margin	Dec 31, 25	19.56%	+10.4%	+135.7%	+27.8%	+468.6%

Net Margin Highs

TRGP Annual Net Margin Highs Comparison
Period	High	Date	Current
3Y	11.49%	Dec 31, 25	at high
5Y	11.49%	Dec 31, 25	at high
All	11.49%	Dec 31, 25	at high

Net Margin Lows

TRGP Annual Net Margin Lows Comparison
Period	Low	Date	Current
3Y	7.31%	N/A	+57.2%
5Y	-16.02%	N/A	+171.7%
All	-16.02%	Dec 31, 20	+171.7%

Net Margin History

Year	Value	Change
2025	11.49%	+23.7%
2024	9.29%	-7.7%
2023	10.06%	+37.6%
2022	7.31%	+202.1%
2021	2.42%	+115.1%
2020	-16.02%	-3,508.5%
2019	0.47%	-17.5%
2018	0.57%	-51.7%
2017	1.18%	+149.4%
2016	-2.39%	-3.9%

Year	Value	Change
2015	-2.30%	-146.9%
2014	4.90%	+59.1%
2013	3.08%	+12.8%
2012	2.73%	-11.4%
2011	3.08%	+165.5%
2010	1.16%	-33.3%
2009	1.74%	+3.6%
2008	1.68%	+17.5%
2007	1.43%	-

FAQ

What is the current annual net margin of TRGP?: As of today, TRGP annual net margin is 11.49%
What is 1-year change in TRGP annual net margin?: TRGP annual net margin is up +23.68% year-over-year
What is 3-year change in TRGP annual net margin?: TRGP annual net margin is up +57.18% over the past 3 years
How far is TRGP annual net margin from its all-time high?: TRGP annual net margin is currently at its all-time high
How does TRGP annual net margin rank versus sector peers?: TRGP annual net margin is higher than 58.92% 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

Net Margin Formula

Net Margin = Net Income

Revenue × 100%

Quarterly Net Margin

17.52%6.34%+56.71%

June 30, 2026

Summary

Current Value: As of today, TRGP quarterly net margin is 17.52%, up +56.71% on June 30, 2026
Historical Performance: TRGP quarterly net margin is up +11.38% year-over-year, up +46.49% over the past 3 years
All-Time High Comparison: TRGP quarterly net margin is currently at its all-time high
3-Year Low Comparison: TRGP quarterly net margin is +205.23% above its 3-year low of 5.74% reached on March 31, 2025
Sector Comparison: TRGP quarterly net margin is higher than 53.28% of companies in Energy sector

Performance

TRGP Performance
Metric	Date	Value	3M	1Y	3Y	5Y
Quarterly Net Margin	Jun 30, 26	17.52%	+56.7%	+11.4%	+46.5%	+297.3%
Annual Net Margin	Dec 31, 25	11.49%	–	+23.7%	+57.2%	+171.7%
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 Net Income	Jun 30, 26	$773.70M	+59.6%	+22.2%	+101.5%	+397.9%
Quarterly Gross Margin	Jun 30, 26	29.97%	+9.8%	+35.1%	+79.7%	+151.4%
Quarterly Operating Margin	Jun 30, 26	27.80%	+9.4%	+38.5%	+96.5%	+174.4%

Quarterly Net Margin Highs

TRGP Quarterly Net Margin Highs Comparison
Period	High	Date	Current
1Y	17.52%	Jun 30, 26	at high
3Y	17.52%	Jun 30, 26	at high
5Y	17.52%	Jun 30, 26	at high
All	17.52%	Jun 30, 26	at high

Quarterly Net Margin Lows

TRGP Quarterly Net Margin Lows Comparison
Period	Low	Date	Current
1Y	11.18%	Mar 31, 26	+56.7%
3Y	5.74%	Mar 31, 25	+205.2%
5Y	-4.45%	Dec 31, 21	+493.7%
All	-96.36%	Mar 31, 20	+118.2%

Quarterly Net Margin History

Month	Value	Change
Jun 2026	17.52%	+56.7%
Mar 2026	11.18%	-16.5%
Dec 2025	13.39%	+16.3%
Sep 2025	11.51%	-26.8%
Jun 2025	15.73%	+174.0%
Mar 2025	5.74%	-36.9%
Dec 2024	9.10%	-20.6%
Sep 2024	11.46%	+16.3%
Jun 2024	9.85%	+37.0%
Mar 2024	7.19%	-14.3%
Dec 2023	8.39%	+17.7%
Sep 2023	7.13%	-40.4%
Jun 2023	11.96%	-7.4%
Mar 2023	12.92%	+24.7%
Dec 2022	10.36%	+108.0%
Sep 2022	4.98%	-54.9%
Jun 2022	11.03%	+245.8%
Mar 2022	3.19%	+171.7%
Dec 2021	-4.45%	-170.2%
Sep 2021	6.34%	+43.8%
Jun 2021	4.41%	-27.1%
Mar 2021	6.05%	+21.0%
Dec 2020	5.00%	-41.7%
Sep 2020	8.58%	-29.5%
Jun 2020	12.17%	+112.6%
Mar 2020	-96.36%	>-9,900.0%
Dec 2019	-0.61%	-137.4%
Sep 2019	1.63%	-34.8%
Jun 2019	2.50%	+331.5%
Mar 2019	-1.08%	+68.1%
Dec 2018	-3.39%	-816.2%
Sep 2018	-0.37%	-107.5%
Jun 2018	4.93%	+216.0%
Mar 2018	1.56%	-85.7%

Month	Value	Change
Dec 2017	10.89%	+250.0%
Sep 2017	-7.26%	-291.6%
Jun 2017	3.79%	+172.7%
Mar 2017	-5.21%	+25.5%
Dec 2016	-6.99%	-3,578.9%
Sep 2016	-0.19%	+79.6%
Jun 2016	-0.93%	-1,760.0%
Mar 2016	-0.05%	+99.6%
Dec 2015	-14.08%	-1,200.0%
Sep 2015	1.28%	-9.2%
Jun 2015	1.41%	-32.2%
Mar 2015	2.08%	-54.5%
Dec 2014	4.57%	-13.1%
Sep 2014	5.26%	+5.4%
Jun 2014	4.99%	+10.2%
Mar 2014	4.53%	+2.0%
Dec 2013	4.44%	+39.6%
Sep 2013	3.18%	+102.5%
Jun 2013	1.57%	-35.4%
Mar 2013	2.43%	+33.5%
Dec 2012	1.82%	+31.9%
Sep 2012	1.38%	-58.6%
Jun 2012	3.33%	-20.9%
Mar 2012	4.21%	+9.4%
Dec 2011	3.85%	+81.6%
Sep 2011	2.12%	-42.4%
Jun 2011	3.68%	+776.2%
Mar 2011	0.42%	-73.6%
Dec 2010	1.59%	+211.2%
Sep 2010	-1.43%	-52.1%
Jun 2010	-0.94%	-163.5%
Mar 2010	1.48%	+26.5%
Dec 2009	1.17%	+3,025.0%
Sep 2009	-0.04%	-

FAQ

What is the current quarterly net margin of TRGP?: As of today, TRGP quarterly net margin is 17.52%
What is TRGP quarterly net margin most recent change?: TRGP quarterly net margin was up +56.71% on June 30, 2026
What is 1-year change in TRGP quarterly net margin?: TRGP quarterly net margin is up +11.38% year-over-year
How far is TRGP quarterly net margin from its all-time high?: TRGP quarterly net margin is currently at its all-time high
How does TRGP quarterly net margin rank versus sector peers?: TRGP quarterly net margin is higher than 53.28% of companies in Energy sector
When is TRGP next earnings release?: The next earnings release for TRGP is on November 5, 2026

Net Margin Formula

Net Margin = Net Income

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