The company said its net income attributable to Targa Resources for Q2 2025 was $629.1 million, compared with $298.5 million a year earlier, and its adjusted EBITDA was $1,163.0 million, up 18% from $984.3 million a year earlier.

1. 01

   The company said its net income attributable to Targa Resources for Q2 2025 was $629.1 million, compared with $298.5 million a year earlier, and its adjusted EBITDA was $1,163.0 million, up 18% from $984.3 million a year earlier.

2. 02

   Targa Resources repurchased 1.96 million shares of common stock in Q2 2025 at a weighted average price of $165.86 per share, for a net cost of $324.3 million, and said its board approved a new repurchase program of up to $1.0 billion on August 4.

3. 03

   The company said it maintained its full-year 2025 adjusted EBITDA guidance of $4.65 billion to $4.85 billion and estimated its net growth capital expenditures for 2025 at about $3.0 billion, reflecting the acceleration of some projects and the Bull Run Extension.

4. 04

   Targa Resources said its total consolidated debt as of June 30, 2025 was $16,850.5 million, and its total liquidity was about $3.5 billion, including $2.8 billion under the TRGP Revolver, $600.0 million under the Securitization Facility and $113.1 million of cash.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the opening part of the filing body and confirmed exhibits, within a length limit. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.