Gathering And Processing — Segment Operating Margin
Targa Resources Gathering And Processing — Segment Operating Margin increased by 15.0% to $703.50M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 16.8%, from $602.20M to $703.50M. Over 2 years (FY 2023 to FY 2025), Gathering And Processing — Segment Operating Margin shows an upward trend with a 8.2% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
How to read this metric
An increase indicates improved profitability and operational leverage, while a decrease signals margin compression due to rising costs or lower pricing.
Detailed definition
This metric measures the profitability of the gathering and processing segment by calculating the difference between seg...
Peer comparison
Operating margins for midstream gathering and processing segments typically range between 20% and 40% depending on contract types.
trgp_segment_gathering_and_processing_segment_operating_marginHistorical Data
| Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $520.55M | $520.55M | $520.55M | $520.55M | $556.40M | $572.60M | $584.30M | $599.10M | $602.20M | $587.60M | $637.60M | $611.80M | $703.50M |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | +6.9% | +2.9% | +2.0% | +2.5% | +0.5% | -2.4% | +8.5% | -4.0% | +15.0% |
| YoY Change | — | — | — | — | +6.9% | +10.0% | +12.2% | +15.1% | +8.2% | +2.6% | +9.1% | +2.1% | +16.8% |
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Frequently Asked Questions
- What is Targa Resources's gathering and processing — segment operating margin?
- Targa Resources (TRGP) reported gathering and processing — segment operating margin of $703.50M in Q1 2026.
- How has Targa Resources's gathering and processing — segment operating margin changed year-over-year?
- Targa Resources's gathering and processing — segment operating margin increased by 16.8% year-over-year, from $602.20M to $703.50M.
- What is the long-term trend for Targa Resources's gathering and processing — segment operating margin?
- Over 2 years (2023 to 2025), Targa Resources's gathering and processing — segment operating margin has grown at a 8.2% compound annual growth rate (CAGR), from $2.08B to $2.44B.
- What does gathering and processing — segment operating margin mean?
- The percentage of revenue remaining after covering the operating costs of the gathering and processing segment.