Targa Resources Corp. reports Q3 net income of $478.4 million on $3.47 billion in sales

Reuters
2025/11/05
<a href="https://laohu8.com/S/TRGP">Targa Resources Corp</a>. reports Q3 net income of $478.4 million on $3.47 billion in sales

Targa Resources Corp. reported sales of commodities of $3,469.9 million for the third quarter of 2025, an 8% increase from $3,217.0 million in the same period of 2024. Fees from midstream services totaled $681.3 million, up 7% from $634.8 million. Net income attributable to Targa Resources Corp. was $478.4 million, a 23% increase from $387.4 million in the third quarter of 2024. For the nine months ended September 30, 2025, sales of commodities reached $10,990.6 million, up 9% from $10,126.2 million in the prior-year period, and fees from midstream services were $1,982.2 million, a 7% increase from $1,850.0 million. Net income attributable to Targa Resources Corp. for the nine months was $1,378.0 million, a 43% increase from $961.0 million in the same period of 2024. The increase in revenues was driven by higher NGL pipeline transportation and fractionation volumes, primarily due to increased supply from Permian G&P systems and the completion of a planned turnaround at fractionation facilities in Mont Belvieu, Texas. As of September 30, 2025, total consolidated debt was $17,431.3 million, and total consolidated liquidity was approximately $2.3 billion.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Targa Resources Corp. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9568869-en) on November 05, 2025, and is solely responsible for the information contained therein.

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