Targa(US:TRGP)2025-08-07 15:00Financial Performance - Adjusted EBITDA increased by 18% from Q2 2024 to Q2 2025[6] - Adjusted EBITDA decreased by 1% from Q1 2025 to Q2 2025[12] - G&P segment operating margin increased by $15 million from Q2 2024[8] - L&T segment operating margin increased by $85 million from Q2 2024[9] - G&P segment operating margin decreased by $15 million from Q1 2025[14] - L&T segment operating margin decreased by $14 million from Q1 2025[14] - Net income attributable to Targa Resources Corp was $6291 million for the three months ended June 30, 2025[41] - Adjusted EBITDA was $11630 million for the three months ended June 30, 2025[41] Operational Performance - Permian inlet volumes increased from 969 MBbl/d in Q1 2025 to 980 MBbl/d in Q2 2025[17] - NGL Production increased from 6006 MBbl/d in Q1 2025 to 6278 MBbl/d in Q2 2025[17] Outlook - FY25 Adjusted EBITDA is estimated to be in the range of $465 billion to $485 billion[27] - Net Growth Capex is estimated to be approximately $3 billion[28] - Net Maintenance Capex is estimated to be approximately $250 million[28]