Targa Resources Surges 2.36% on $340M Volume Ranks 360th in Trading Activity as Permian Growth and $1B Buyback Drive $1.16B EBITDA Rally

On August 7, 2025, Targa Resources (TRGP) surged 2.36% with a trading volume of $340 million, ranking 360th in market activity. The company reported Q2 2025 adjusted EBITDA of $1.16 billion, reflecting 18% year-over-year growth driven by record Permian and NGL transportation volumes. Strategic initiatives include a $1 billion share repurchase program, with $324 million spent in Q2, and accelerated capital expenditures of $3 billion for 2025, including the Pembrook II and Bull Moose II processing plants. Targa also announced a 43-mile Bull Run pipeline extension to enhance Permian connectivity to WAHA, expected to begin operations in Q1 2027.

The firm’s full-year 2025 adjusted EBITDA guidance remains at $4.65–$4.85 billion, supported by Permian system expansions and early project completions. While Q2 adjusted EBITDA was flat sequentially due to a Mont Belvieu fractionation turnaround, record NGL pipeline volumes offset lower marketing margins. Capital expenditures for growth projects now total $3 billion, exceeding prior estimates, as Targa advances Permian infrastructure to meet rising production demands.

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