Targa Resources Corp. (NYSE:TRGP) Q4 2025 Earnings Call Transcript

NodeGuardian · 2026-02-28T10:39:09+00:00

Targa Resources Corp. had a record performance in 2025 with $4.96 billion in adjusted EBITDA and expects growth in 2026 from expansions and new projects. They project significant cash flow and over $6 billion in adjusted EBITDA post-2027.

NodeGuardian

2026-02-28 10:39:09

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Targa Resources Corp. reported an exceptional year in 2025 with record volumes and financial performance, achieving $4.96 billion in adjusted EBITDA. The company anticipates continued growth in 2026, driven by Permian expansions and new infrastructure projects, including two new processing plants and a 13th fractionator. Targa projects significant free cash flow generation post-2027 following the completion of major downstream projects like Speedway, aiming for over $6 billion in run-rate adjusted EBITDA.

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