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Targa Resources Corp.

TRGPNYSENatural Gas TransmissionFiscal year ends December 31
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 6, 2026Score 9/3041% above fair value
$294.73−20.26 (-6.43%)

Close on Nov 2, 2026Market cap $63.20BP/E 28.1Yield 1.27%

Targa Resources G&P Segment Operating Margin by Quarter

G&P Segment Operating Margin ($M)

Targa Resources G&P Segment Operating Margin: $733M in Q2 2026, up 24.7% from a year earlier. That is the highest of the 26 quarters on record here.

Latest, Q2 2026
733
Period ended Jun 30, 2026
Change on a year earlier
+24.7%
588 in Q2 2025
History
26 quarters
Since Q1 2020
Sources
22
Documents cited below

Where the Q2 2026 figure comes from

“|| Operating margin | $ | 732.6 | $ | 587.6 | $ | 145.0 | 25 | % | $ | 1,436.1 | $ | 1,189.8 | $ | 246.3 | 21 | %”

Segment revenues (including intersegment sales and realized hedge settlements) less product purchases and fuel and operating expenses.

Quarterly history

Hover a value to see the sentence it was read from; calculated values show their formula

PeriodEndedG&P Segment Operating Margin ($M)Year on yearSource
Q2 2026Jun 30, 2026733+24.7%Q2 2026 Form 8-K (2026-08-06) ↗
Q1 2026Mar 31, 2026704+16.8%Q1 2026 Form 8-K (2026-05-07) ↗
Q4 2025Dec 31, 2025612+2.2%Q4 2025 Form 8-K (2026-02-19) ↗
Q3 2025Sep 30, 2025638+9.1%Q3 2025 Form 8-K (2025-11-05) ↗
Q2 2025Jun 30, 2025588+2.6%Q2 2026 Form 8-K (2026-08-06) ↗
Q1 2025Mar 31, 2025602+8.2%Q1 2026 Form 8-K (2026-05-07) ↗
Q4 2024Dec 31, 2024599+11.7%Q4 2025 Form 8-K (2026-02-19) ↗
Q3 2024Sep 30, 2024584+15.7%Q3 2025 Form 8-K (2025-11-05) ↗
Q2 2024Jun 30, 2024573+14.0%Q2 2025 Form 8-K (2025-08-07) ↗
Q1 2024Mar 31, 2024556+3.3%Q1 2025 Form 8-K (2025-05-01) ↗
Q4 2023Dec 31, 2023536-1.4%Q4 2024 Form 8-K (2025-02-20) ↗
Q3 2023Sep 30, 2023505-10.6%Q3 2024 Form 8-K (2024-11-05) ↗
Q2 2023Jun 30, 2023503+5.9%Q2 2024 Form 8-K (2024-08-01) ↗
Q1 2023Mar 31, 2023538+35.4%Q1 2024 Form 8-K (2024-05-02) ↗
Q4 2022Dec 31, 2022544+40.5%Q4 2023 Form 8-K (2024-02-15) ↗
Q3 2022Sep 30, 2022565+56.2%Q3 2023 Form 8-K (2023-11-02) ↗

Breakdown

What makes up G&P Segment Operating Margin

Cite this data

StockData. (2026). Targa Resources G&P Segment Operating Margin ($M), quarterly Q1 2020–Q2 2026 [Data set]. Compiled from Targa Resources SEC filings and investor materials. https://stockdatahq.com/stocks/trgp/kpis/gp-operating-margin

See every metric in the Targa Resources KPI table. Data updated Nov 3, 2026.