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 $63.20BP/E 28.1Yield 1.27%
Targa Resources L&T Segment Adjusted Operating Margin by Year
L&T Segment Adjusted Operating Margin (Before Operating Expenses) ($M)
Targa Resources L&T Segment Adjusted Operating Margin: $3,182M in FY2025, up 17.1% from a year earlier.
Latest, FY2025
3,182
Period ended Dec 31, 2025
Change on a year earlier
+17.1%
2,717 in FY2024
History
7 years
Since FY2019
Sources
6
Documents cited below
Where the FY2025 figure comes from
“|| Adjusted operating margin | $ | 893.2 | $ | 744.9 | $ | 148.3 | 20% | $ | 3,182.0 | $ | 2,717.4 | $ | 464.6 | 17%”
Equals L&T Operating Margin plus L&T Operating Expenses.
Annual history
Hover a value to see the sentence it was read from; calculated values show their formula
| Period | Ended | L&T Segment Adjusted Operating Margin (Before Operating Expenses) ($M) | Year on year | Source |
|---|---|---|---|---|
| FY2025 | Dec 31, 2025 | 3,182 | +17.1% | Q4 2025 Form 8-K (2026-02-19) ↗ |
| FY2024 | Dec 31, 2024 | 2,717 | +19.1% | Q4 2025 Form 8-K (2026-02-19) ↗ |
| FY2023 | Dec 31, 2023 | 2,281 | +29.8% | Q4 2024 Form 8-K (2025-02-20) ↗ |
| FY2022 | Dec 31, 2022 | 1,757 | +14.3% | Q4 2023 Form 8-K (2024-02-15) ↗ |
| FY2021 | Dec 31, 2021 | 1,537 | +9.7% | Q4 2022 Form 8-K (2023-02-22) ↗ |
| FY2020 | Dec 31, 2020 | 1,402 | +19.4% | Q4 2021 Form 8-K (2022-02-24) ↗ |
| FY2019 | Dec 31, 2019 | 1,174 | – | FY2020 Form 10-K (2021-02-18) ↗ |
Cite this data
StockData. (2026). Targa Resources L&T Segment Adjusted Operating Margin ($M), annual FY2019–FY2025 [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.