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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 Operating Margin by Quarter

L&T Segment Operating Margin ($M)

Targa Resources L&T Segment Operating Margin: $948M in Q2 2026, up 50.0% from a year earlier. That is the highest of the 26 quarters on record here.

Latest, Q2 2026
948
Period ended Jun 30, 2026
Change on a year earlier
+50.0%
632 in Q2 2025
History
26 quarters
Since Q1 2020
Sources
22
Documents cited below

Where the Q2 2026 figure comes from

“|| Operating margin | $ | 948.3 | $ | 632.4 | $ | 315.9 | 50% | $ | 1,721.6 | $ | 1,279.1 | $ | 442.5 | 35 | %”

Predominantly fee-based Downstream operating margin from NGL transportation, fractionation, storage, terminaling, and LPG exports.

Quarterly history

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

PeriodEndedL&T Segment Operating Margin ($M)Year on yearSource
Q2 2026Jun 30, 2026948+50.0%Q2 2026 Form 8-K (2026-08-06) ↗
Q1 2026Mar 31, 2026773+19.6%Q1 2026 Form 8-K (2026-05-07) ↗
Q4 2025Dec 31, 2025799+21.8%Q4 2025 Form 8-K (2026-02-19) ↗
Q3 2025Sep 30, 2025710+14.7%Q3 2025 Form 8-K (2025-11-05) ↗
Q2 2025Jun 30, 2025632+15.5%Q2 2026 Form 8-K (2026-08-06) ↗
Q1 2025Mar 31, 2025647+21.5%Q1 2026 Form 8-K (2026-05-07) ↗
Q4 2024Dec 31, 2024656+18.4%Q4 2025 Form 8-K (2026-02-19) ↗
Q3 2024Sep 30, 2024619+35.4%Q3 2025 Form 8-K (2025-11-05) ↗
Q2 2024Jun 30, 2024548+34.2%Q2 2025 Form 8-K (2025-08-07) ↗
Q1 2024Mar 31, 2024532+0.6%Q1 2025 Form 8-K (2025-05-01) ↗
Q4 2023Dec 31, 2023554+25.5%Q4 2024 Form 8-K (2025-02-20) ↗
Q3 2023Sep 30, 2023457+34.5%Q3 2024 Form 8-K (2024-11-05) ↗
Q2 2023Jun 30, 2023408+26.6%Q2 2024 Form 8-K (2024-08-01) ↗
Q1 2023Mar 31, 2023529+50.3%Q1 2024 Form 8-K (2024-05-02) ↗
Q4 2022Dec 31, 2022442+28.6%Q4 2023 Form 8-K (2024-02-15) ↗
Q3 2022Sep 30, 2022340+21.2%Q3 2023 Form 8-K (2023-11-02) ↗

Breakdown

What makes up L&T Segment Operating Margin

Cite this data

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

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