Targa Resources (TRGP) Set a Record Quarter and Then Raised the Bar

Targa Resources Corp. reported record results for the second quarter on August 6, with adjusted EBITDA reaching $1.60 billion, representing a 38% increase from the comparable quarter in the prior year. Management indicated that full-year performance is expected to approach the higher end of its guidance range. The company operates natural gas and natural gas liquids infrastructure serving the Permian Basin, and the financial results suggested elevated utilization of these systems.
Growth in vol