May 2025 | TARGA RESOURCES CORP.
Why Targa?
Best-in-class assets, excellent long-term growth profile, and demonstrated track record of creating shareholder value
Generating Attractive Returns Differentiated Asset Footprint A Compelling Value PropositionHigh returns on invested capital
90%+ fee-based
Fully integrated energy
infrastructure footprint
Largest natural gas processor in the growing Permian Basin
Millions of dedicated acres Fastest growing Gulf Coast
natural gas liquids system
Industry leading Adjusted EBITDA growth
Meaningful dividend growth Reducing shares outstanding
Investment grade balance sheet
Note: Adjusted EBITDA and adjusted cash flow from operations are non-GAAP measures. Please see the section of this presentation entitled "Non-GAAP Financial Measures" for a discussion of adjusted
A Compelling Growth Profile Over the Last 5 Years
Targa's performance and growth outlook provides strong momentum in 2025 and beyond
23% Permian Volume Growth CAGR | 24% Adjusted EBITDA Growth CAGR | 21% Return on Invested Capital(1) |
$3.1B Capital Returned to Shareholders(2) | $55B Enterprise Value(3) | IG Credit Ratings BBB/Baa2/BBB |
Note: Adjusted EBITDA and adjusted cash flow from operations are non-GAAP measures. Please see the section of this presentation entitled "Non-GAAP Financial Measures" for a discussion of adjusted EBITDA and adjusted cash flow from operations and a reconciliation of such measures to their most directly comparable GAAP financial measure.
Targa's Volume Growth Outpacing the Permian Basin
Permian Basin is poised for continued growth, driving increasing demand for Targa's midstream services
Best in-class Permian G&P assets
Millions of dedicated acres
High-quality IG producers
Exceptional operational performance
+183%
+112%
Permian gas-to-oil ratio up ~26% over this period
300
280
260
240
Growth Indexed
220
200
180
160
140
120
100
80
Targa Outperforming Permian Basin Production>80%
of Targa's field natural gas inlet volumes sourced from the Permian
~60%
of Lower 48 US shale rigs are in the Permian Basin(2)
Targa is continuing to expand its Permian G&P footprint in response to anticipated volume growth, driving increasing volumes through its integrated system
Targa Permian Inlet Volume Permian Associated Gas Production(1)
(1) Source: BTU Analytics.
(2) Source: Baker Hughes, as of 4/17/2025.
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Targa Resources Corp. published this content on May 01, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on May 01, 2025 at 10:48 UTC.
