TTM
31.8%
YoY change
+3.44pp
Trough year (2020)
-3.8%
Peak year (2025)
28.3%
Latest annual
28.3%
EBITDA Margin history chart for Targa Resources (TRGP) from 2008 to 2025
Latest: 28.3%
EBITDA Margin change chart for Targa Resources (TRGP) from 2008 to 2025
Latest: +3.44pp
EBITDA Margin history table for Targa Resources (TRGP) from 2008 to 2025
| 2025 | 28.3% | +3.44pp | ||
| 2024 | 24.9% | -0.50pp | ||
| 2023 | 25.4% | +10.59pp | ||
| 2022 | 14.8% | +5.06pp | ||
| 2021 | 9.7% | +13.53pp | ||
| 2020 | -3.8% | -18.35pp | ||
| 2019 | 14.6% | +3.73pp | ||
| 2018 | 10.8% | +2.32pp | ||
| 2017 | 8.5% | -2.88pp | ||
| 2016 | 11.4% | -0.81pp | ||
| 2015 | 12.2% | +0.71pp | ||
| 2014 | 11.5% | +1.49pp | ||
| 2013 | 10.0% | +1.25pp | ||
| 2012 | 8.7% | +1.22pp | ||
| 2011 | 7.5% | +0.70pp | ||
| 2010 | 6.8% | -2.07pp | ||
| 2009 | 8.9% | +3.18pp | ||
| 2008 | 5.7% | — |
- 202528.3%+3.44pp
- 202424.9%-0.50pp
- 202325.4%+10.59pp
- 202214.8%+5.06pp
- 20219.7%+13.53pp
- 2020-3.8%-18.35pp
- 201914.6%+3.73pp
- 201810.8%+2.32pp
- 20178.5%-2.88pp
- 201611.4%-0.81pp
- 201512.2%+0.71pp
- 201411.5%+1.49pp
- 201310.0%+1.25pp
- 20128.7%+1.22pp
- 20117.5%+0.70pp
- 20106.8%-2.07pp
- 20098.9%+3.18pp
- 20085.7%—
EBITDA Margin values are taken from Targa Resources's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About EBITDA Margin at Targa Resources (TRGP)
According to Targa Resources's latest reported financial statements, the company's latest reported EBITDA margin is 31.8%. EBITDA margin is EBITDA divided by revenue — earnings before interest, taxes, depreciation, and amortization as a percentage of sales. By stripping out non-cash charges and capital-structure effects, it approximates operating cash profitability and is widely used to compare companies with different asset bases and leverage.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
Targa Resources (TRGP) most recent annual EBITDA margin stands at 28.33% (2025) – expanded 3.4 percentage points year-over-year.
The record annual EBITDA margin stands at 28.33%, reached in 2025; the historical low of -3.78% was recorded in 2020.
Targa Resources EBITDA Margin by Year
Targa Resources EBITDA Margin 2025: 28.3%
2025's EBITDA margin for Targa Resources came in at 28.33%, expanded 3.4 percentage points from 2024. This figure represents the highest annual value in the available history.
Targa Resources EBITDA Margin 2024: 24.9%
Targa Resources posted EBITDA margin of 24.89% in 2024, contracted 0.5 percentage points from 2023.
Targa Resources EBITDA Margin 2023: 25.4%
In 2023, Targa Resources reported EBITDA margin of 25.39%, expanded 10.6 percentage points from 2022.
Targa Resources EBITDA Margin 2022: 14.8%
Targa Resources EBITDA margin in 2022 was 14.80%, expanded 5.1 percentage points from 2021.
Targa Resources EBITDA Margin 2021: 9.7%
Targa Resources EBITDA margin in 2021 was 9.74%.
See more financial history for Targa Resources (TRGP).
Sector peers by EBITDA Margin
Energy peers of Targa Resources (TRGP), ranked by their latest EBITDA margin
| 59.5% | |
| 38.5% | |
| 27.6% | |
| 21.8% | |
| 19.6% | |
| 18.5% | |
| 9.1% | |
| 7.2% |
- 38.5%
- 27.6%
- 21.8%
- 19.6%
- 18.5%
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