• Targa Resources average ebitda margin for 2023 was 21.61%, a 107.39% increase from 2022.
• Targa Resources average ebitda margin for 2022 was 10.42%, a 33.16% increase from 2021.
• Targa Resources average ebitda margin for 2021 was 15.59%, a 272.08% decline from 2020.

Ebitda margin can be defined as earnings before interest, taxes, depreciation and amortization as a portion of total revenue.