TRGP · 10-Q · 2026Q2 · Full report
Segment Profitability
Targa Resources Corp. · 2026-08-06 · Importance 59 · Surprise 48 · No source text
Six-month total reportable-segment operating margin increased 27.9% to $3,157.7 million from $2,468.9 million. Gathering and Processing operating margin increased 20.7% to $1,436.1 million, while Logistics and Transportation operating margin increased 34.6% to $1,721.6 million. Three-month total reportable-segment operating margin rose to $1,680.9 million from $1,220.0 million, as Logistics and Transportation margin increased to $948.3 million from $632.4 million. Consolidated income before taxes increased 37.8% to $1,616.2 million for the six months, with depreciation and amortization rising to $879.1 million and interest expense rising to $464.2 million.
Key facts
- Three months ended June 30, 2026 Gathering and Processing operating margin: $732.6 million source
- Three months ended June 30, 2026 Logistics and Transportation operating margin: $948.3 million source
- Three months ended June 30, 2026 Gathering and Processing adjusted operating margin: $973.5 million source
- Three months ended June 30, 2026 Logistics and Transportation adjusted operating margin: $1,062.6 million source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| operating_income | positive | realized | — | Three months ended June 30, 2026 Gathering and Processing operating margin: $732.6 million |
| operating_income | positive | realized | — | Three months ended June 30, 2026 Logistics and Transportation operating margin: $948.3 million |
| operating_income | positive | realized | — | Three months ended June 30, 2026 Gathering and Processing adjusted operating margin: $973.5 million |
| operating_income | positive | realized | — | Three months ended June 30, 2026 Logistics and Transportation adjusted operating margin: $1,062.6 million |