Record 2025 performance was driven by an 11% increase in Permian volumes and record NGL transport, fractionation, and LPG export throughput. Management attributes growth to a combination of existing customer drilling activity and significant commercial success, adding several billion cubic feet per day of gas volumes beyond legacy dedications. The company is executing an aggressive 8-plant expansion plan over two years to provide 2.2 billion cubic feet per day of incremental processing capacity to mee ...

Targa Resources (NYSE:TRGP) Q4 2025 Earnings call February 19, 2026 11:00 AM ET Company ParticipantsBen Branstetter - Senior Vice President, Downstream CommercialBobby Muraro - Chief Commercial OfficerJean Ann Salisbury - Managing DirectorJen Kneale - PresidentMatthew Meloy - CEOScott Pryor - President, Logistics and TransportationTristan Richardson - VP of Investor Relations and FundamentalsWill Byers - CFONone - Company RepresentativeConference Call ParticipantsAJ O'Donnell - Equity Research AnalystAmit S ...