The decrease in operating margin reflects a flat gross margin, more than offset by higher operating expenses. Gross margin was flat as lower revenues were offset by lower product purchase costs due to the weaker commodity price environment. The increase in the Partnership's operating costs was primarily due to its expansion and acquisition activities. See "Targa Resources Partners – Review of Segment Performance" for additional information regarding changes in the components of operating margin on a disaggregated basis.The increase in depreciation and amortization expenses is attributable to the impact of new assets placed in service as well as assets associated with business acquisitions.
Targa Resources Partners LP And Targa Resources Corp. Report Fourth Quarter And Full Year 2012 Financial Results
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