Targa Resources: An Insight Into Its Permian Basin Expansion & Major Growth Catalysts! 

Targa Resources Corp has reported strong financial performance for the fourth quarter of 2024 and the full year, showcasing a period of significant growth and robust operational metrics. The company achieved record volumes, particularly from its assets in the Permian Basin, which drove the record levels of NGL transportation, fractionation, and export volumes, exceeding initial forecasts. This robust performance resulted in a 17% increase in adjusted EBITDA year-over-year, reaching $4.1 billion, and an adjusted free cash flow generation that facilitated a 50% increase in common dividends and substantial share repurchases.