Question · Q4 2025
Amit Sharma observed a nice sequential increase in Targa's fourth-quarter export volumes but noted they were lower than a year ago. He asked about Targa's confidence in growing export volumes in tandem with additional capacity coming online in 2027, specifically whether this confidence is based on secured commercial commitments or a forward view of the national market's supply balance.
Answer
Senior Vice President, Downstream Commercial Ben Branstetter attributed the Q4 export volumes to fog impacts and noted a strong Q1. He emphasized that the export business is an integrated part of Targa's value chain, with new Permian plants feeding into the system. He confirmed Targa is generally well-contracted across its dock and is actively engaged in long-term supply conversations globally, supporting confidence in future export volume growth.
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