• Targa Resources average pre-tax profit margin for 2023 was 11.1%, a 128.4% increase from 2022.
• Targa Resources average pre-tax profit margin for 2022 was 4.86%, a 17.49% increase from 2021.
• Targa Resources average pre-tax profit margin for 2021 was 5.89%, a 125.45% decline from 2020.

Pre-tax profit margin can be defined as earnings before taxes as a portion of total revenue.