Targa ResourcesMEX:TRGP 74 Net Margin % is 11.71% as of Mar. 2026, which is 2152% above its 10-year median of 0.52. GuruFocus rates MEX:TRGP with a GF Score™ of 74/100 and a GF Value™ of MXN2,389.00. The stock has 8 warning signs investors should review. Among 916 Oil & Gas companies, Targa Resources ranks better than 74.67% on this metric.
Net margin is calculated as Net Income divided by its Revenue. Targa Resources's Net Income for the
three
months ended in Mar. 2026 was MXN8,648 Mil. Targa Resources's Revenue for the
three
months ended in Mar. 2026 was MXN73,838 Mil. Therefore, Targa Resources's net margin for the quarter that ended in Mar. 2026 was 11.71%.
The historical rank and industry rank for Targa Resources's Net Margin % or its related term are showing as below:
MEX:TRGP'
s Net Margin % Range Over the Past 10 Years
Min: -18.81 Med: 0.52 Max: 12.87
Current: 12.87
MEX:TRGP's Net Margin % is ranked better than 74.67% of 916
companies
in the Oil & Gas industry
Industry Median: 3.435
vs MEX:TRGP: 12.87
Targa Resources (MEX:TRGP) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
Targa Resources Net Margin % Related Terms
Targa Resources Net Margin % Historical Data
* Premium members only.
The historical data trend for Targa Resources's Net Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
MEX:TRGP vs MPLX, OKE, LNG: Net Margin % Comparison
For the Oil & Gas Midstream subindustry, Targa Resources's Net Margin %, along with its competitors' market caps and Net Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Targa Resources Net Margin % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Targa Resources's Net Margin % distribution charts can be found below:
* The bar in red indicates where Targa Resources's Net Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Targa Resources (MEX:TRGP) has a Net Margin % of 11.71% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on Targa Resources and its competitors. This is 2152% above median its historical median of 0.52. According to the industry distribution chart, Targa Resources ranks #232 out of 916 companies in the Oil & Gas industry, placing it in the top 25.3%.
Is Targa Resources' Net Margin % too high?
Targa Resources' current Net Margin % of 11.71% is 2152% above median its 10-year median of 0.52. The Oil & Gas industry median Net Margin % is 3.44. Targa Resources' value of 11.71% is 240.9% above this industry median. Based on the distribution chart, Targa Resources ranks #232 out of 916 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Targa Resources has a GF Score™ of 74/100, reflecting its overall financial health beyond just this single metric.
How does Targa Resources' Net Margin % compare to MPLX and OKE?
According to the Oil & Gas industry distribution chart, Targa Resources ranks #232 out of 916 companies for Net Margin %. This puts Targa Resources in the upper half of its industry. The industry median Net Margin % is 3.44. Targa Resources' value of 11.71% is 240.9% above this benchmark. While the company's 10-year median is 0.52 vs. the industry median of 3.44, Targa Resources has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Margin % for an Oil & Gas company?
The median Net Margin % among Oil & Gas companies is 3.44, based on 916 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Targa Resources's current Net Margin % of 11.71% is 240.9% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on Targa Resources and its competitors. For the Oil & Gas industry, the median Net Margin % is 3.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Targa Resources's current Net Margin % is 11.71%, which is 2152% above median its own 10-year median of 0.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Targa Resources stock overvalued right now?
Targa Resources (MEX:TRGP) has a current Net Margin % of 11.71%. The stock's GF Value™ is MXN2,389.00, compared to a current price of MXN3,775.00 — trading 58% above its estimated fair value. The current Net Margin % is 11.71%, which is 2152% above median its 10-year median of 0.52 and 240.9% above the Oil & Gas industry median of 3.44. Targa Resources' overall GF Score™ is 74/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For Targa Resources (MEX:TRGP), the current Net Margin % is 11.71% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Targa Resources (MEX:TRGP) Overvalued in 2026?
Based on GuruFocus' analysis, Targa Resources stock appears to be overvalued.
The current stock price of MXN3,775.00 is trading 58% above its estimated GF Value™ of MXN2,389.00.
Key valuation signals for MEX:TRGP:
Net Margin %: 11.71% (2152% above median its 10-year median of 0.52)
GF Value™: MXN2,389.00 vs. price of MXN3,775.00 (58% above fair value)
Industry Position: 240.9% above the Oil & Gas median (#232 of 916)
No single metric tells the full story. See the MEX:TRGP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Targa Resources Corp is a midstream firm that mainly operates gathering and processing assets with substantial positions in the Permian, Stack, Scoop, and Bakken plays. It has fractionation capacity at Mont Belvieu and operates a liquefied petroleum gas export terminal. The Grand Prix natural gas liquids pipeline is another important asset. It has two operating segments: Gathering and Processing, and, Logistics and Transportation (also referred to as the Downstream Business).
74GF Score
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