TRGP · 10-Q · 2026Q3 · Full report

Manufacturing Capacity Expansion

Targa Resources Corp. · 2026-11-05 · Importance 48 · Surprise 42 · In source text

Targa brought the 275 MMcf/d Falcon II plant in Permian Delaware and East Pembrook plant in Permian Midland online in the first quarter of 2026, followed by the 275 MMcf/d East Driver plant in Permian Midland in the second quarter. The 275 MMcf/d Copperhead plant in Permian Delaware is expected to start in the fourth quarter of 2026. Targa plans additional 275 MMcf/d plants Yeti, Yeti II, Copperhead II, Wrangler, Ranger and Ranger II, and a 265 MMcf/d Roadrunner III plant, with expected startup dates from 2027 through 2028.

Key facts

Targa’s Copperhead plant, a 275 MMcf/d plant in Permian Delaware, was expected to begin operations in the fourth quarter of 2026. source
Targa’s Yeti plant, a 275 MMcf/d plant in Permian Delaware, was expected to begin operations in the second quarter of 2027. source
Targa’s Yeti II plant, a 275 MMcf/d plant in Permian Delaware, was expected to begin operations in the third quarter of 2027. source
Targa’s Roadrunner III plant, a 265 MMcf/d plant in Permian Delaware, was expected to begin operations in the first quarter of 2028. source
Targa’s Copperhead II plant, a 275 MMcf/d plant in Permian Delaware, was expected to begin operations in the first quarter of 2028. source
Targa’s Wrangler plant, a 275 MMcf/d plant in Permian Delaware, was expected to begin operations in the second quarter of 2028. source
Targa’s Ranger plant, a 275 MMcf/d plant in Permian Delaware, was expected to begin operations in the second quarter of 2028. source
Targa’s Ranger II plant, a 275 MMcf/d plant in Permian Delaware, was expected to begin operations in the second quarter of 2028. source

Impact estimates

metric	direction	stage	expected	basis
revenue	positive	committed	—	Targa’s Copperhead plant, a 275 MMcf/d plant in Permian Delaware, was expected to begin operations in the fourth quarter of 2026.
revenue	positive	committed	—	Targa’s Yeti plant, a 275 MMcf/d plant in Permian Delaware, was expected to begin operations in the second quarter of 2027.
revenue	positive	committed	—	Targa’s Yeti II plant, a 275 MMcf/d plant in Permian Delaware, was expected to begin operations in the third quarter of 2027.
revenue	positive	committed	—	Targa’s Roadrunner III plant, a 265 MMcf/d plant in Permian Delaware, was expected to begin operations in the first quarter of 2028.
revenue	positive	committed	—	Targa’s Copperhead II plant, a 275 MMcf/d plant in Permian Delaware, was expected to begin operations in the first quarter of 2028.
revenue	positive	committed	—	Targa’s Wrangler plant, a 275 MMcf/d plant in Permian Delaware, was expected to begin operations in the second quarter of 2028.
revenue	positive	committed	—	Targa’s Ranger plant, a 275 MMcf/d plant in Permian Delaware, was expected to begin operations in the second quarter of 2028.
revenue	positive	committed	—	Targa’s Ranger II plant, a 275 MMcf/d plant in Permian Delaware, was expected to begin operations in the second quarter of 2028.