TRGP · 10-Q · 2026Q2 · Full report

Permian Volume Growth

Targa Resources Corp. · 2026-08-06 · Importance 41 · Surprise 48

Permian plant natural gas inlet volumes increased 14% year over year to 7,187.3 MMcf/d in the second quarter of 2026, driven by strong producer activity, new plants and acquired assets. Permian Midland volumes rose 9% to 3,393.5 MMcf/d, while Permian Delaware volumes rose 20% to 3,793.8 MMcf/d. NGL production in the Permian increased 18% to 1,006.9 MBbl/d, and crude oil gathered increased 23% to 143.8 MBbl/d. New capacity additions included Pembrook II, Bull Moose II, Falcon II and East Pembrook, with the East Pembrook plant added during the second quarter of 2026.

Key facts

• Company added the Falcon II plant during the first quarter of 2026 and the East Pembrook plant during the second quarter of 2026 source
• Three months ended June 30, 2026 Gathering and Processing total Permian plant natural gas inlet: 7,187.3 MMcf/d source
• Three months ended June 30, 2026 Gathering and Processing NGL production total Permian: 1,006.9 MBbl/d source
• Three months ended June 30, 2026 Crude oil gathered: 143.8 MBbl/d source
• Three months ended June 30, 2026 Natural gas sales: 3,080.1 BBtu/d source