Targa Resources Corp Surges to 126th in Trading Volume with $1.274 Billion Turnover Despite Stock Price Decline

On April 4, 2025, Targa Resources Corp. (TRGP) experienced a significant increase in trading volume, with a turnover of $1.274 billion, marking a 71.06% rise from the previous day. This surge placed TRGP at the 126th position in terms of trading volume for the day. However, despite the high trading volume, TRGP's stock price declined by 10.81%, marking the second consecutive day of losses, with a total decrease of 21.65% over the past two days.

Targa Resources Corp. (TRGP) has made significant strides in its pipeline infrastructure projects. The company, in partnership with WPC JV, has reached a final investment decision (FID) for the construction of the Traverse Pipeline. This pipeline is designed to transport natural gas to key areas, enhancing the company's capabilities in the natural gas sector. The Traverse Pipeline will be wholly owned by the Blackcomb Pipeline joint venture, with WPC holding a 70% stake, Targa owning 17.5%, and MPLX owning the remaining 12.5%. This strategic partnership underscores Targa's commitment to expanding its infrastructure and strengthening its position in the energy market.

In addition to the Traverse Pipeline, Targa Resources is also involved in other significant pipeline projects. Enbridge, MPLX, and Targa Resources have partnered to plan a new pipeline between Agua Dulce and Katy. This 160-mile pipeline is set to transport natural gas, further solidifying Targa's role in the midstream energy sector. These developments highlight Targa's proactive approach to infrastructure development and its focus on meeting the growing demand for natural gas transportation.