Targa Resources Corp. (TRGP) Launches Forza Pipeline to Boost Delaware Basin Growth

Core Insights - Targa Resources Corp. (NYSE:TRGP) is recognized as a leading midstream energy company with a robust infrastructure connecting North American natural gas and natural gas liquids to key markets, providing stable fee-based revenue streams for long-term investors [1][4] Group 1: Recent Developments - In September 2025, Targa launched the Forza Pipeline Project in the Delaware Basin, a 36-mile pipeline capable of transporting up to 750,000 dekatherms per day, enhancing its capacity to meet rising demand for cleaner fuel infrastructure [2] - Approximately 90% of Targa's earnings are derived from multi-year, fee-based contracts, which protect the company from commodity price fluctuations [4] Group 2: Market Position and Growth Potential - BMO Capital initiated a "Buy" rating for Targa, highlighting its strong asset base and strategic positioning in the Delaware and Midland basins, making it a top stock in the midstream energy sector [3] - Targa's controlling position in the Mont Belvieu fractionation hub, along with strong insider ownership and improving EBIT margins, bolsters its long-term growth outlook [4]