Targa Resources Corp. (TRGP) EBITDA Margin: 28.33%
Is Targa Resources Corp.’s EBITDA margin high or low?
Targa Resources Corp.'s EBITDA margin of 28.33% is 71% above its 5-year average of 16.56%, near the high end of its 5-year range (-3.78%–28.33%).
As of Tuesday, June 23, 2026. 6.46% above its 12-month average of 26.61%.
TRGP EBITDA Margin Chart
TRGP Average EBITDA Margin Chart
TRGP Current vs Average EBITDA Margin Chart
TRGP EBITDA Margin Metrics
EBITDA MARGIN
28.33%
EBITDA MARGIN AVG TTM
26.61%
EBITDA MARGIN AVG 3Y
23.35%
EBITDA MARGIN AVG 5Y
16.56%
EBITDA MARGIN AVG 10Y
14.26%
EBITDA MARGIN AVG 15Y
10.55%
EBITDA MARGIN AVG 20Y
N/A
CURRENT VS TTM AVG
+6.46%
CURRENT VS 3Y AVG
+21.31%
CURRENT VS 5Y AVG
+71.06%
CURRENT VS 10Y AVG
+98.67%
CURRENT VS 15Y AVG
+168.47%
CURRENT VS 20Y AVG
N/A
TRGP Competitors' EBITDA Margin
| NAME | MARKET CAP | EBITDA MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Targa Resources Corp. (TRGP) | $56.78B | 28.33% | 26.61% | 23.35% | 16.56% |
| ONEOK, Inc. (OKE)vs › | $54.37B | 23.16% | 26.82% | 24.48% | 23.45% |
| Occidental Petroleum Corporation (OXY)vs › | $51.72B | 54.05% | 50.50% | 53.36% | 38.52% |
| Cameco Corporation (CCJ)vs › | $47.48B | 33.23% | 29.20% | 26.76% | 21.21% |
| Suncor Energy Inc. (SU)vs › | $66.39B | 33.09% | 32.67% | 34.02% | 29.42% |
| Phillips 66 (PSX)vs › | $67.52B | 7.38% | 5.78% | 7.47% | 4.77% |
| EOG Resources, Inc. (EOG)vs › | $70.52B | 50.08% | 51.70% | 51.77% | 47.63% |
| SLB N.V. (SLB)vs › | $71.69B | 20.01% | 21.13% | 21.98% | 11.82% |
| Kinder Morgan, Inc. (KMI)vs › | $71.75B | 44.12% | 47.36% | 44.63% | 41.73% |
| Marathon Petroleum Corporation (MPC)vs › | $72.19B | 8.80% | 8.21% | 10.74% | 6.07% |
Margin Comparison
Gross Margin
29.9%
EBITDA Margin
28.3%
Operating Margin
21.1%
Net Margin
13.0%
Formula: EBITDA Margin = (EBITDA / Revenue) × 100
Why EBITDA Margin matters:
- Removes effects of depreciation policies (D&A)
- Capital structure neutral (ignores interest)
- Tax neutral (ignores tax differences)
- Good proxy for operating cash generation
Targa Resources Corp. EBITDA Margin Formula & Definition
EBITDA Margin = EBITDA / Revenue
EBITDA margin measures operating profitability before interest, taxes, depreciation, and amortization as a percentage of revenue.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Targa Resources Corp. EBITDA Margin FAQ
- What is the EBITDA margin for Targa Resources Corp. (TRGP)?
- The EBITDA margin for TRGP stock is 28.33%.
- Is Targa Resources Corp.'s EBITDA margin high or low?
- Targa Resources Corp.'s EBITDA margin of 28.33% is 71% above its 5-year average of 16.56%, near the high end of its 5-year range (-3.78%–28.33%).
- What is the TTM average EBITDA margin for Targa Resources Corp. (TRGP)?
- The TTM average EBITDA margin for TRGP stock is 26.61%.
- What is the 3Y average EBITDA margin for Targa Resources Corp. (TRGP)?
- The 3Y average EBITDA margin for TRGP stock is 23.35%.
- What is the 5Y average EBITDA margin for Targa Resources Corp. (TRGP)?
- The 5Y average EBITDA margin for TRGP stock is 16.56%.
- What is the 10Y average EBITDA margin for Targa Resources Corp. (TRGP)?
- The 10Y average EBITDA margin for TRGP stock is 14.26%.
- What is the 15Y average EBITDA margin for Targa Resources Corp. (TRGP)?
- The 15Y average EBITDA margin for TRGP stock is 10.55%.
Targa Resources Corp. EBITDA Margin History
| DATE | EBITDA MARGIN |
|---|---|
| 2025-12-31 | 28.33% |
| 2024-12-31 | 24.89% |
| 2023-12-31 | 25.39% |
| 2022-12-31 | 14.80% |
| 2021-12-31 | 9.74% |
| 2020-12-31 | -3.78% |
| 2019-12-31 | 14.56% |
| 2018-12-31 | 10.83% |
| 2017-12-31 | 8.51% |
| 2016-12-31 | 11.39% |
| 2015-12-31 | 12.20% |
| 2014-12-31 | 11.49% |
| 2013-12-31 | 10.00% |
| 2012-12-31 | 8.75% |
| 2011-12-31 | 7.53% |
| 2010-12-31 | 6.83% |
| 2009-12-31 | 8.90% |
| 2008-12-31 | 5.72% |
Related Metrics
About Targa Resources Corp.
Targa Resources Corp., alongside its subsidiary Targa Resources Partners LP, is a significant entity in the North American midstream energy sector, focusing on the ownership, operation, acquisition, and development of crucial energy infrastructure assets. Its business is structured into two main divisions: "Gathering and Processing" and "Logistics and Transportation." Within these segments, the company undertakes a broad range of activities, including the collection, compression, treatment, processing, transport, and sale of natural gas. It also manages the storage, fractionation, treatment, transportation, and distribution of natural gas liquids (NGLs) and their associated products, providing services even to liquefied petroleum gas (LPG) exporters. Furthermore, Targa handles the gathering, storage, terminaling, purchasing, and selling of crude oil. Beyond these core operations, the company is involved in the procurement and resale of NGL products, wholesale propane distribution, and providing related logistics support to a diverse clientele, including multi-state retailers, independent businesses, and end-users. It also offers NGL balancing services and transportation solutions for refineries and petrochemical companies situated in the Gulf Coast region, while actively purchasing, marketing, and reselling natural gas. The company's extensive asset base features approximately 28,400 miles of natural gas pipelines, including 42 owned and managed processing plants, and it operates 34 storage wells with a substantial gross capacity of about 76 million barrels. As of December 31, 2021, its transportation fleet comprised approximately 648 leased and managed railcars, 119 transport tractors, and two company-owned pressurized NGL barges. Targa Resources Corp. was established in 2005 and is headquartered in Houston, Texas.
- Sector
- Energy
- Industry
- Oil & Gas Midstream
- CEO
- Matthew J. Meloy