Targa Resources Corp. reported a significant increase in net income for the second quarter of 2025, with adjusted EBITDA reaching $1.16 billion, an 18% rise from the previous year. The company also highlighted record Permian and NGL transportation volumes during the quarter and announced several upcoming projects, including the completion of the Pembrook II and Bull Moose II plants. Targa expects full-year adjusted EBITDA to range between $4.65 billion and $4.85 billion, with approximately $3.0 billion in net growth capital expenditures for 2025.

In their financial results, Targa reported strong performance in both the Gathering and Processing segment and the Logistics and Transportation segment. The company saw an increase in adjusted operating margin in both segments, driven by higher volumes and favorable pricing conditions. Targa’s diversified portfolio of assets and strategic investments continue to support its financial growth and operational excellence.

Targa Resources Corp. is a leading midstream services provider in North America, with a focus on natural gas and NGL transportation and processing. The company’s commitment to growth and innovation is evident in its ongoing projects and strong financial performance. Investors and stakeholders can access more information on Targa’s website and stay informed about the company’s future prospects and developments.

Read more at GlobeNewswire: Targa Resources Corp. Reports Second Quarter 2025 Financial