TRGP · 8-K · 20260806PR336525
Capital Expenditure Program
Targa Resources Corp. · 2026-08-06 · Importance 88 · Surprise 74 · In source text
Targa continued to estimate approximately $4.5 billion of 2026 net growth capital expenditures and approximately $250 million of net maintenance capital expenditures. First-half net growth capital expenditures totaled $2,027.7 million, compared with $1,479.6 million in the prior-year period, while second-quarter net growth spending was $1,113.3 million. The company commenced operations of the East Driver processing plant in Permian Midland, the Train 11 fractionator in Mont Belvieu, and the Delaware Express NGL Pipeline expansion during the quarter. Construction continued on Copperhead, Yeti, Yeti II, Roadrunner III, Copperhead II, Train 12, Train 13, Speedway, GPMT LPG Export Expansion, Bull Run, Buffalo Run and Forza projects.
Key facts
- Targa continues to estimate 2026 net growth capital expenditures of approximately $4.5 billion. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | negative | committed | — | Targa continues to estimate 2026 net growth capital expenditures of approximately $4.5 billion. |