TRGP · 8-K · 20260806PR336525

NGL Infrastructure Volume Growth

Targa Resources Corp. · 2026-08-06 · Importance 35 · Surprise 48 · In source text

Logistics and Transportation recorded year-over-year growth across its principal NGL infrastructure activities. Second-quarter NGL pipeline transportation volumes increased 14% to 1,098.9 MBbl/d, fractionation volumes rose 24% to 1,206.1 MBbl/d, and export volumes increased 15% to 487.1 MBbl/d. Higher supply from Permian Gathering and Processing systems, the addition of Train 11, and higher export volumes and fees supported transportation, fractionation, and LPG export activity.

Key facts

• Targa commenced operations of the Delaware Express NGL Pipeline expansion during the second quarter of 2026. source
• Targa commenced operations of the Delaware Express NGL Pipeline expansion in the second quarter of 2026 and stated their L&T projects remain on track. source
• Fractionation volumes in Q2 2026 were 1,206.1 MBbl/d, up 237.0 MBbl/d or 24% from 969.1 MBbl/d in Q2 2025. source
• Total Permian NGL production in Q2 2026 was 1,006.9 MBbl/d, up 150.1 MBbl/d or 18% from 856.8 MBbl/d in Q2 2025. source
• Total segment NGL production was 1,180.8 MBbl/d in Q2 2026, up 155.6 MBbl/d or 15% from 1,025.2 MBbl/d in Q2 2025. source
• Export volumes in Q2 2026 were 487.1 MBbl/d, up 64.0 MBbl/d or 15% from 423.1 MBbl/d in Q2 2025. source
• Targa reported record Permian inlet, NGL transportation, fractionation, and LPG export volumes during the second quarter. source
• Total Permian plant natural gas inlet for Q2 2026 was 7,187.3 MMcf/d, up 909.3 MMcf/d or 14% from 6,278.0 MMcf/d in Q2 2025. source

Impact estimates