Targa Eyes Record Gathering, Transport Volumes for Natural Gas

August 11, 2025--Researched by Industrial Info Resources (Sugar Land, Texas)--Higher natural gas-gathering and transportation volumes, especially in the Permian Basin, propelled Targa Resources Corporation (Houston, Texas) to strong revenue and income growth for the second quarter. The company expects to see record volumes in its fractionation and pipeline business for the full year. Industrial Info is tracking more than $5.6 billion worth of active or proposed projects from Targa, more than $3 billion of which is attributed to grassroot projects. Despite lower commodity prices and higher operating expenses, Targa reported more than doubled its net income from the second quarter of 2024. For full-year 2025, Targa expects its capital spending from growth-oriented projects to total about $3 billion.