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EBITDA margin at other companies

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OneokOKE
21.2%-4.5pp
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Enterprise Products PartnersEPD
14.8%+1.6pp
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Energy TransferET
16.7%-1.0pp
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Kinder MorganKMI
42.8%-0.3pp
Antero Midstream Corporation logo
Antero Midstream CorporationAM
71.5%-6.9pp
DT Midstream logo
DT MidstreamDTM
70.2%-0.2pp

Other financials

Income statement

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Revenue$4.1B-10.2%
Gross profit$1.7B+30.4%
Operating income$846.9M+55.9%
Net income$479.6M+77.3%
EPS (diluted)$2.21+143%

Balance sheet

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Cash & equivalents$100.1M-33.9%
Total debt$346.5M+17.0%
Total equity$3.1B+27.9%
Total assets$27.1B+18.9%

Cash flow

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Operating cash flow$739.5M-22.5%
CapEx$899.5M+13.5%
Free cash flow-$160.0M-199%

Valuation

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Market cap$55.5B+23.5%
Enterprise value$55.75B+23.6%
P/E26×-8.4×
P/S3.4×+0.6×

Profitability

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Gross margin41.8%+7.3pp
Operating margin21.9%+6.1pp
Net margin12.9%+4.9pp

Returns & leverage

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Return on equity76.3%+25.6pp
Debt / equity0.1×0.0×
Current ratio0.7×+0.1×

Where this comes from

Calculated from Targa Resources’s reported figures.

Based on trailing twelve months.

The official record: Targa Resources’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Targa Resources's EBITDA margin?
Targa Resources (TRGP) reported EBITDA margin of 31.4% in Q1 2026.
How has Targa Resources's EBITDA margin changed year-over-year?
Targa Resources's EBITDA margin increased by 27.2% year-over-year, from 24.7% to 31.4%.
What is the long-term trend for Targa Resources's EBITDA margin?
Over 3 years (2022 to 2025), Targa Resources's EBITDA margin has grown at a 28.2% compound annual growth rate (CAGR), from 13.5% to 28.5%.
What does EBITDA margin mean?
Operating cash profitability per sales dollar, before interest, taxes, and non-cash charges.
How do you interpret EBITDA margin?
Useful for comparing operating profitability across firms with different depreciation policies and leverage. High EBITDA margin alongside heavy capex can still mean weak free cash flow — pair it with FCF margin.
How does EBITDA margin compare across companies?
Widely used to compare capital-intensive businesses on a like-for-like basis. Less meaningful for banks and insurers.