Targa Resources Corp
NYSE:TRGP
Gross Margin
Targa Resources Corp
Gross Margin is the amount of money a company retains after incurring the direct costs associated with producing the goods it sells and the services it provides. The higher the gross margin, the more capital a company retains, which it can then use to pay other costs or satisfy debt obligations.
Gross Margin Across Competitors
| Country | Company | Market Cap |
Gross Margin |
||
|---|---|---|---|---|---|
| US |
|
Targa Resources Corp
NYSE:TRGP
|
44B USD |
35%
|
|
| CA |
|
Enbridge Inc
TSX:ENB
|
138.5B CAD |
46%
|
|
| US |
|
Enterprise Products Partners LP
NYSE:EPD
|
73.3B USD |
20%
|
|
| US |
|
Williams Companies Inc
NYSE:WMB
|
73.1B USD |
80%
|
|
| US |
|
Energy Transfer LP
NYSE:ET
|
64.8B USD |
25%
|
|
| US |
|
Kinder Morgan Inc
NYSE:KMI
|
63.3B USD |
52%
|
|
| US |
|
ONEOK Inc
NYSE:OKE
|
59B USD |
39%
|
|
| US |
|
MPLX LP
NYSE:MPLX
|
54.6B USD |
60%
|
|
| US |
|
Cheniere Energy Inc
NYSE:LNG
|
52.1B USD |
55%
|
|
| CA |
|
TC Energy Corp
TSX:TRP
|
71.9B CAD |
68%
|
|
| US |
|
Cheniere Energy Partners LP
NYSE:CQP
|
30.8B USD |
47%
|
Targa Resources Corp
Glance View
Targa Resources Corp., an intriguing player in the midstream space of the energy sector, has carved out a reputation by focusing on the gathering, processing, and transportation of natural gas and natural gas liquids (NGLs). At its core, Targa's operations are hinged on a vast network of pipelines and processing facilities strategically located in prime production regions such as the Permian Basin and the Eagle Ford Shale. These assets allow Targa to efficiently collect raw natural gas from producers, which is then transformed into market-ready products through their processing plants. As the gas flows from the ground to end-users, Targa meticulously manages this journey, ensuring both reliability and safety, making it an indispensable partner to energy producers and consumers alike. Revenue generation at Targa is primarily driven by fees from processing, gathering, and transporting natural gas and NGLs. By charging for the volumes that pass through its infrastructure, Targa ensures a relatively stable income stream while simultaneously benefiting from commodity-based margin opportunities. Furthermore, the company's storage and export capabilities, particularly for liquefied petroleum gases, allow it to tap into growing global energy demands, thereby enhancing its revenue potential. Through strategic expansions and partnerships, Targa continues to fortify its position in the energy supply chain, seeking long-term growth while navigating the ever-evolving dynamics and regulatory landscapes of the energy industry.
See Also
Gross Margin is the amount of money a company retains after incurring the direct costs associated with producing the goods it sells and the services it provides. The higher the gross margin, the more capital a company retains, which it can then use to pay other costs or satisfy debt obligations.
Based on Targa Resources Corp's most recent financial statements, the company has Gross Margin of 34.7%.
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