TRGP · 10-Q · 2026Q3 · Full report

NGL Infrastructure Volume Growth

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

Logistics and Transportation NGL pipeline transportation volumes increased 15% year over year to 1,171.7 MBbl/d in the third quarter of 2026, and fractionation volumes rose 11% to 1,261.5 MBbl/d. Export volumes through the Galena Park Marine Terminal increased 10% to 447.9 MBbl/d, with exports representing NGL products delivered to third-party customers for international markets. Management said higher supply, primarily from Targa’s Permian Gathering and Processing systems, and the addition of Train 11 in the second quarter of 2026 supported pipeline transportation and fractionation volumes.

Key facts

• Targa’s Permian NGL production was 1,064.3 MBbl/d for the three months ended September 30, 2026, compared with 930.5 MBbl/d in 2025. source
• Targa’s Permian NGL production was 1,002.2 MBbl/d for the nine months ended September 30, 2026, compared with 861.6 MBbl/d in 2025. source
• Targa’s total NGL pipeline transportation volumes were 1,171.7 MBbl/d for the three months ended September 30, 2026, compared with 1,017.0 MBbl/d in 2025. source
• Targa’s NGL pipeline transportation volumes were 1,096.4 MBbl/d for the nine months ended September 30, 2026, compared with 941.2 MBbl/d in 2025. source