Pipeline operator Targa Resources: Natural gas volume growth drives core profit above expectations

Targa stated that it expects to commence expansion work on its Delaware Express NGL pipeline in May 2026. CEO Matthew Meloy noted that, supported by increased liquefied petroleum gas (LPG) export supply on the U.S. Gulf Coast and growing global demand, the company is likely to secure more multi-year contracts. A major LPG export expansion project is expected to be operational in the third quarter of 2027. The company also announced plans to build two new natural gas processing plants in the Permian Delaware basin, both scheduled to begin operations in the first quarter of 2028. Expand