Targa Resources Corp

Latest Results (21.10.2025):

Targa Resources Corp reported its second quarter of 2025 financial results, showcasing significant growth and strategic advancements. The company achieved an 18% year-over-year increase in adjusted EBITDA, reached record transportation volumes in the Permian Basin, and initiated substantial share repurchase programs. Additionally, Targa is on track to complete key infrastructure projects ahead of schedule, reinforcing its commitment to enhancing operational efficiency and shareholder value.

Strong Financial Performance

Targa Resources Corp reported a second quarter adjusted EBITDA of $1.16 billion, marking an 18% increase compared to the same period last year. Net income attributable to common shareholders rose sharply by 111% to $629.1 million, reflecting robust operational execution and revenue growth.

Record Transportation Volumes

The company achieved record Permian and NGL transportation volumes during the second quarter of 2025. This surge was driven by higher supply volumes from Targa’s Permian Gathering and Processing systems, underscoring the company’s expanding capacity and market reach.

Share Repurchase Initiatives

Targa repurchased $324 million of its common shares in the second quarter and announced a new $1.0 billion common share repurchase program. These initiatives demonstrate the company's strong cash flow and commitment to returning value to shareholders.

Accelerated Infrastructure Projects

The company expects early completion of its Pembrook II plant in Permian Midland by August and the Bull Moose II plant in Permian Delaware. Additionally, the Bull Run Extension, a 43-mile expansion of the natural gas pipeline, has been announced to enhance connectivity from Targa’s Permian Delaware system to WAHA.

Positive Full-Year Outlook

Targa maintains its full-year 2025 adjusted EBITDA guidance between $4.65 billion and $4.85 billion. The company also estimates net growth capital expenditures of approximately $3.0 billion, driven by the acceleration of several projects and the Bull Run Extension, positioning it for continued growth and operational excellence.