Targa Resources Corp.
Close on Nov 2, 2026Market cap $63.20BP/E 28.1Yield 1.27%
Targa Resources L&T Segment Operating Margin by Year
L&T Segment Operating Margin ($M)
Targa Resources L&T Segment Operating Margin: $2,788M in FY2025, up 18.4% from a year earlier. That is the highest of the 8 years on record here.
Where the FY2025 figure comes from
“|| Operating margin | $ | 799.0 | $ | 656.2 | $ | 142.8 | 22% | $ | 2,788.3 | $ | 2,355.1 | $ | 433.2 | 18%”
Predominantly fee-based Downstream operating margin from NGL transportation, fractionation, storage, terminaling, and LPG exports.
Annual history
Hover a value to see the sentence it was read from; calculated values show their formula
| Period | Ended | L&T Segment Operating Margin ($M) | Year on year | Source |
|---|---|---|---|---|
| FY2025 | Dec 31, 2025 | 2,788 | +18.4% | Q4 2025 Form 8-K (2026-02-19) ↗ |
| FY2024 | Dec 31, 2024 | 2,355 | +20.9% | Q4 2025 Form 8-K (2026-02-19) ↗ |
| FY2023 | Dec 31, 2023 | 1,949 | +33.8% | Q4 2024 Form 8-K (2025-02-20) ↗ |
| FY2022 | Dec 31, 2022 | 1,456 | +15.2% | Q4 2023 Form 8-K (2024-02-15) ↗ |
| FY2021 | Dec 31, 2021 | 1,264 | +12.1% | Q4 2022 Form 8-K (2023-02-22) ↗ |
| FY2020 | Dec 31, 2020 | 1,128 | +30.1% | Q4 2021 Form 8-K (2022-02-24) ↗ |
| FY2019 | Dec 31, 2019 | 867 | +46.4% | FY2021 Form 10-K (2022-02-24) ↗ |
| FY2018 | Dec 31, 2018 | 593 | – | FY2020 Form 10-K (2021-02-18) ↗ |
Breakdown
What makes up L&T Segment Operating Margin
Cite this data
StockData. (2026). Targa Resources L&T Segment Operating Margin ($M), annual FY2018–FY2025 [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.