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Net margin at other companies

Oneok logo
OneokOKE
10%-2.1pp
Enterprise Products Partners logo
Enterprise Products PartnersEPD
11.4%+1.2pp
Energy Transfer logo
Energy TransferET
4.7%-1.2pp
Kinder Morgan logo
Kinder MorganKMI
18.9%+2.2pp
MPLX logo
MPLXMPLX
36.7%0.0pp
DT Midstream logo
DT MidstreamDTM
36.3%+1.3pp

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

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 net margin?
Targa Resources (TRGP) reported net margin of 12.9% in Q1 2026.
How has Targa Resources's net margin changed year-over-year?
Targa Resources's net margin increased by 61.3% year-over-year, from 8% to 12.9%.
What is the long-term trend for Targa Resources's net margin?
Over 2 years (2023 to 2025), Targa Resources's net margin has grown at a 10.1% compound annual growth rate (CAGR), from 32% to 38.8%.
What does net margin mean?
The share of every sales dollar that becomes bottom-line profit.
How do you interpret net margin?
Higher is better, but net margin mixes operating performance with financing and tax effects and one-off items — read it alongside operating margin to separate the operating story from the rest.
How does net margin compare across companies?
Comparable across peers but sensitive to leverage and tax structure; two operationally identical firms can show different net margins purely from financing.