Question · Q3 2025
A.J. O'Donnell asked about the anticipated timeline for expanding the Speedway NGL pipeline to its full 1 million bbl/day design capacity and whether this expansion would be phased. He also inquired about activity levels and Targa Resources Corporation's outlook for its Midcon central region platform.
Answer
CEO Matt Meloy explained that expanding Speedway from 500,000 bbl/day to 1 million bbl/day would primarily involve adding pump stations, making it a highly economic, phased approach similar to Grand Prix. President, Gathering and Processing Pat McDonie noted increased activity in the Midcon region, particularly in Arcoma and South Oak assets, but does not foresee a huge short-term surge. He highlighted Targa's favorable position with existing plant capacity for future growth if gas prices strengthen.
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