Targa Resources Corp.
Close on Nov 2, 2026Market cap $63.20BP/E 28.1Yield 1.27%
Targa Resources G&P Segment Operating Margin by Year
G&P Segment Operating Margin ($M)
Targa Resources G&P Segment Operating Margin: $2,439M in FY2025, up 5.5% from a year earlier. That is the highest of the 8 years on record here.
Where the FY2025 figure comes from
“|| Operating margin | $ | 611.8 | $ | 598.9 | $ | 12.9 | 2 | % | $ | 2,439.2 | $ | 2,312.4 | $ | 126.8 | 5 | %”
Segment revenues (including intersegment sales and realized hedge settlements) less product purchases and fuel and operating expenses.
Annual history
Hover a value to see the sentence it was read from; calculated values show their formula
| Period | Ended | G&P Segment Operating Margin ($M) | Year on year | Source |
|---|---|---|---|---|
| FY2025 | Dec 31, 2025 | 2,439 | +5.5% | Q4 2025 Form 8-K (2026-02-19) ↗ |
| FY2024 | Dec 31, 2024 | 2,312 | +11.1% | Q4 2025 Form 8-K (2026-02-19) ↗ |
| FY2023 | Dec 31, 2023 | 2,082 | +5.1% | Q4 2024 Form 8-K (2025-02-20) ↗ |
| FY2022 | Dec 31, 2022 | 1,981 | +49.5% | Q4 2023 Form 8-K (2024-02-15) ↗ |
| FY2021 | Dec 31, 2021 | 1,325 | +30.2% | Q4 2022 Form 8-K (2023-02-22) ↗ |
| FY2020 | Dec 31, 2020 | 1,018 | +1.1% | Q4 2021 Form 8-K (2022-02-24) ↗ |
| FY2019 | Dec 31, 2019 | 1,006 | +7.2% | FY2021 Form 10-K (2022-02-24) ↗ |
| FY2018 | Dec 31, 2018 | 939 | – | FY2020 Form 10-K (2021-02-18) ↗ |
Breakdown
What makes up G&P Segment Operating Margin
Cite this data
StockData. (2026). Targa Resources G&P Segment Operating Margin ($M), annual FY2018–FY2025 [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.