Targa Resources Q1 2024 Earnings Supplement

Targa Resources reported record Q1 2024 adjusted EBITDA of $966 million, driven by record Permian and LPG export volumes. The company is executing major capital projects including Train 9 fractionator startup and multiple midstream expansions, while maintaining FY2024 adjusted EBITDA guidance of $3.7–$3.9 billion and increasing quarterly dividends by 50%.