TRGP · 10-Q · 2026Q3 · Full report
ExxonMobil Commercial Agreements
Targa Resources Corp. · 2026-11-05 · Importance 40 · Surprise 42 · In source text
In August 2026, Targa entered into long-term, fee-based agreements with ExxonMobil subsidiaries for integrated natural gas gathering and processing and downstream services in the Permian Basin. The agreements extend and expand Targa’s strategic relationship with ExxonMobil. They include significant acreage dedications in both the Delaware and Midland basins under 20-year agreements.
Key facts
- In August 2026, Targa entered into 20-year agreements with ExxonMobil subsidiaries for fee-based integrated natural gas gathering, processing, and downstream services, with significant acreage dedications in the Delaware and Midland basins. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | positive | committed | — | In August 2026, Targa entered into 20-year agreements with ExxonMobil subsidiaries for fee-based integrated natural gas gathering,… |