Targa Resources Snubs Williams’ Offer? What Lies Ahead For The Pipeline Giant!

Targa Resources Corporation has presented its second quarter 2024 results, emphasizing strong performance across several fronts. The highlight of the quarter includes the operational beginning of the Train 9 fractionator in Mont Belvieu and the Roadrunner II plant in Permian Delaware, indicating a robust strategic growth in asset developments. These expansions are timely and critical due to the increasing volume across Targa’s systems, driven by record volumes in the Permian that led to elevated NGL transportation and fractionation volumes downstream.