TRGP · 10-Q · 2026Q3 · Full report

Permian Volume Growth

Targa Resources Corp. · 2026-11-05 · Importance 42 · Surprise 40

Gathering and Processing plant natural gas inlet volumes in the Permian increased 14% year over year to 7,536.6 MMcf/d in the third quarter of 2026, with Permian Midland at 3,472.8 MMcf/d and Permian Delaware at 4,063.8 MMcf/d. Permian NGL production rose 14% to 1,064.3 MBbl/d, while crude oil gathered increased to 152.9 MBbl/d from 109.8 MBbl/d. Management attributed higher Permian inlet volumes to Bull Moose II, Falcon II, East Pembrook and East Driver plant additions, continued strong producer activity, and acquired Permian assets; the added throughput increased fee-based margin.

Key facts

• Targa’s total crude oil gathered was 152.9 MBbl/d for the three months ended September 30, 2026, compared with 109.8 MBbl/d in 2025. source
• Targa’s Permian plant natural gas inlet totaled 7,536.6 MMcf/d for the three months ended September 30, 2026, up from 6,621.6 MMcf/d in 2025. source
• Targa’s Permian plant natural gas inlet totaled 7,154.2 MMcf/d for the nine months ended September 30, 2026, up from 6,304.1 MMcf/d in 2025. source