Targa Resources Inc.’s management expects a sharp increase in natural gas volumes across the company’s Permian Basin system through the second half of 2025 and into 2026, with multiple expansion projects progressing ahead of schedule.

Map of Targa Resources Corp.’s integrated infrastructure across the central and southern United States, showing natural gas gathering pipelines, NGL pipelines, in-progress Blackcomb and Traverse pipelines, G&P asset regions, gas plants, fractionation complexes, the Lake Charles fractionator, LPG export facilities, crude terminals, and company headquarters, with key regions including the Permian Delaware, Permian Midland, South Texas, North Texas, Oklahoma, and North Dakota.

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“We saw a strong ramp in volumes in the second quarter, as gas on our Permian system increased by about a processing plant’s worth during the quarter – up about 270 MMcf/d,” CEO Matt Molloy said during a recent call to discuss second quarter earnings.

That momentum has carried into the third quarter. “In July, our volumes were up another 250 MMcf/d, meaning we added a plant’s worth of gas in the second quarter and another plant’s worth in July,” Molloy said, noting that August volumes have shown similar strength.