
Targa Resources Lifts Net Income 23% on Permian Volume Surge
Targa Resources Corp.Description
What this story covers
Targa Resources reported Q3 revenues of $4.1B (up YoY) and net income of $478M (23% growth), driven by Permian expansions boosting volumes. Adjusted EBITDA rose 19% to $1.27B, with fee-based revenues mitigating price softness. Strong liquidity at $2.3B supports ongoing projects amid stable debt.
Story snapshot
CompanyTarga Resources Corp.
TickerTRGP
VariantStandard detailed
Duration11:17
Filing type10-Q
PeriodQ3 2025
IndustryEnergy
Accession0001193125-25-266435
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