Targa Resources to Acquire Stakeholder Midstream for $1.25 Billion
Reuters
Dec 01, 2025
Targa Resources to Acquire Stakeholder Midstream for $1.25 Billion
Targa Resources Corp. has reached a definitive agreement for a wholly-owned subsidiary to acquire Stakeholder Midstream, LLC for $1.25 billion in cash. The acquisition expands Targa's gathering and processing footprint in the Permian Basin and is underpinned by long-term acreage dedications of approximately 170,000 acres and fee-based contracts. The assets are expected to generate around $200 million in unlevered adjusted free cash flow annually with minimal capital needs and low integration costs. The purchase price represents roughly six times the estimated 2026 unlevered adjusted free cash flow. Targa expects to fund the transaction using cash on hand and its existing revolving credit facility, with little impact on its leverage ratio. The transaction is anticipated to close in the first quarter of 2026, subject to customary closing conditions.
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: GNW9594194-en) on December 01, 2025, and is solely responsible for the information contained therein.
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