• Targa Resources average operating margin for 2023 was 14.2%, a 151.33% increase from 2022.
• Targa Resources average operating margin for 2022 was 5.65%, a 35.35% increase from 2021.
• Targa Resources average operating margin for 2021 was 8.74%, a 142.82% decline from 2020.

Operating margin can be defined as operating margin measurement of what proportion of a company's revenue is left over after paying for variable costs of production such as wages, raw materials, etc.