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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 L&T Segment Adjusted Operating Margin by Quarter

L&T Segment Adjusted Operating Margin (Before Operating Expenses) ($M)

Targa Resources L&T Segment Adjusted Operating Margin: $1,063M in Q2 2026, up 44.0% from a year earlier. That is the highest of the 26 quarters on record here.

Latest, Q2 2026
1,063
Period ended Jun 30, 2026
Change on a year earlier
+44.0%
738 in Q2 2025
History
26 quarters
Since Q1 2020
Sources
22
Documents cited below

Where the Q2 2026 figure comes from

“|| Adjusted operating margin | $ | 1,062.6 | $ | 737.8 | $ | 324.8 | 44% | $ | 1,936.1 | $ | 1,480.0 | $ | 456.1 | 31 | %”

Equals L&T Operating Margin plus L&T Operating Expenses.

Quarterly history

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

PeriodEndedL&T Segment Adjusted Operating Margin (Before Operating Expenses) ($M)Year on yearSource
Q2 2026Jun 30, 20261,063+44.0%Q2 2026 Form 8-K (2026-08-06) ↗
Q1 2026Mar 31, 2026874+17.7%Q1 2026 Form 8-K (2026-05-07) ↗
Q4 2025Dec 31, 2025893+19.9%Q4 2025 Form 8-K (2026-02-19) ↗
Q3 2025Sep 30, 2025809+12.8%Q3 2025 Form 8-K (2025-11-05) ↗
Q2 2025Jun 30, 2025738+16.5%Q2 2026 Form 8-K (2026-08-06) ↗
Q1 2025Mar 31, 2025742+19.3%Q1 2026 Form 8-K (2026-05-07) ↗
Q4 2024Dec 31, 2024745+16.6%Q4 2025 Form 8-K (2026-02-19) ↗
Q3 2024Sep 30, 2024717+31.3%Q3 2025 Form 8-K (2025-11-05) ↗
Q2 2024Jun 30, 2024633+29.1%Q2 2025 Form 8-K (2025-08-07) ↗
Q1 2024Mar 31, 2024622+2.7%Q1 2025 Form 8-K (2025-05-01) ↗
Q4 2023Dec 31, 2023639+23.8%Q4 2024 Form 8-K (2025-02-20) ↗
Q3 2023Sep 30, 2023546+28.6%Q3 2024 Form 8-K (2024-11-05) ↗
Q2 2023Jun 30, 2023491+23.6%Q2 2024 Form 8-K (2024-08-01) ↗
Q1 2023Mar 31, 2023606+44.5%Q1 2024 Form 8-K (2024-05-02) ↗
Q4 2022Dec 31, 2022516+25.0%Q4 2023 Form 8-K (2024-02-15) ↗
Q3 2022Sep 30, 2022425+22.0%Q3 2023 Form 8-K (2023-11-02) ↗

Cite this data

StockData. (2026). Targa Resources L&T Segment Adjusted 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/lt-adjusted-operating-margin

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