Targa Resources
TRGP
Operating Margin for Targa Resources (TRGP)
Operating Margin as of April 2024 (TTM): 10.35%
According to Targa Resources 's latest financial reports and stock price the company's current Operating Margin is 10.35%. At the end of 2022 the company had an Operating Margin of 7.95%.
Operating Margin history for Targa Resources from 2010 to 2023
Operating Margin at the end of each year
| Year | Operating Margin | Change |
|---|---|---|
| 2022 | 7.95% | 208.29% |
| 2021 | 2.58% | -113.53% |
| 2020 | -19.04% | 3436.05% |
| 2019 | -0.54% | -185.68% |
| 2018 | 0.63% | -118.92% |
| 2017 | -3.32% | -14.39% |
| 2016 | -3.88% | 131.17% |
| 2015 | -1.68% | -129.47% |
| 2014 | 5.70% | 49.73% |
| 2013 | 3.81% | 14.16% |
| 2012 | 3.33% | -3.65% |
| 2011 | 3.46% | 120.54% |
| 2010 | 1.57% | -28.7% |
| 2009 | 2.20% | 14.5% |
| 2008 | 1.92% |
Operating Margin for similar companies or competitors
| Company | Operating Margin | Operating Margin differencediff. | Country |
|---|---|---|---|
 Exxon Mobil XOM | 19.97% | 92.95% | 🇺🇸 USA |
 Chevron CVX | 19.83% | 91.59% | 🇺🇸 USA |
 Enbridge ENB | 12.77% | 23.38% | 🇨🇦 Canada |
 Murphy Oil
MUR | 34.36% | 231.98% | 🇺🇸 USA |
 Enterprise Products EPD | 10.75% | 3.86% | 🇺🇸 USA |
 ENI E | 13.03% | 25.89% | 🇮🇹 Italy |
What is a company's Operating Margin
The operating margin is a key indicator to assess the profitability of a company. Higher operating margins are generaly better as they show that a company is able to sell its products or services for much more than their production costs. The operating margin is calculated by dividing a company's earnings by its revenue.