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Targa Resources TRGP Gathering And Processing — Segment Operating Margin

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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$58.69B+58.5%
Enterprise value$58.94B+58.6%
P/E27.5×-0.8×
P/S3.5×+1.3×

Profitability

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Gross margin41.8%+7.3pp
Operating margin21.9%+6.1pp
Net margin12.9%+4.9pp
FCF margin4.8%-3.1pp

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

Reported directly by Targa Resources in its filing.

Tagged under the XBRL concept trgp:SegmentOperatingMargin.

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 gathering and processing — segment operating margin?
Targa Resources (TRGP) reported gathering and processing — segment operating margin of $703.5M 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 $602.2M to $703.5M.
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?
This metric measures the profitability of the gathering and processing segment by calculating the difference between segment revenues and operating expenses as a percentage of revenue. It serves as a key performance indicator for the segment's ability to convert throughput into profit. It reflects the efficiency of the asset base and the effectiveness of the commercial strategy.