Analysis: Targa Resources Corp.

US:TRGP

Why is Targa Resources Corp. stock rising?

  • New Permian Delaware gas plants Roadrunner III and Copperhead II expected in service in Q1 2028, with three plants online in 2027.
  • Speedway NGL pipeline expected online in Q3 2027 with 500,000 bpd initial capacity and expandable to 1 million bpd.
  • LPG export expansion to around 19 million barrels per month expected in service in Q3 2027.
  • Mont Belvieu fractionators Train 12 and Train 13 expected online in Q1 2027 and Q1 2028.
  • 2026 adjusted EBITDA guidance raised to a $5.7 billion to $5.9 billion range.

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