TRGP · 8-K · 20260806PR336525
Manufacturing and Capacity
Targa Resources Corp. · 2026-08-06 · Importance 40 · Surprise 42 · In source text
Targa commenced operations of the East Driver processing plant in Permian Midland late in the second quarter, ahead of schedule. The company also began operating the Train 11 fractionator in Mont Belvieu and the Delaware Express NGL Pipeline expansion during the quarter. Construction continued on multiple processing plants, fractionators, NGL pipelines, LPG export infrastructure, and intra-basin residue gas pipelines, including Train 12, Train 13, Speedway, and GPMT LPG Export Expansion.
Key facts
- Targa commenced operations of Train 11 fractionator in Mont Belvieu, TX during the second quarter of 2026. source
- Targa commenced operations of the East Driver processing plant in Permian Midland late in the second quarter, ahead of schedule. source
- Construction remains underway on Copperhead, Yeti, Yeti II, Roadrunner III, and Copperhead II plants in Permian Delaware and G&P projects remain on track. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | positive | realized | — | Targa commenced operations of Train 11 fractionator in Mont Belvieu, TX during the second quarter of 2026. |
| revenue | positive | realized | — | Targa commenced operations of the East Driver processing plant in Permian Midland late in the second quarter, ahead of schedule. |
| assets | positive | committed | — | Construction remains underway on Copperhead, Yeti, Yeti II, Roadrunner III, and Copperhead II plants in Permian Delaware and G&P projects… |
| cash | negative | committed | — | Construction remains underway on Copperhead, Yeti, Yeti II, Roadrunner III, and Copperhead II plants in Permian Delaware and G&P projects… |