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Form 8-K · Current Report · Filed 2025-07-28

Targa Resources Partners LP Extends Accounts Receivable Securitization Facility

On July 28, 2025, Targa Resources Partners LP, a subsidiary of Targa Resources Corp., and Targa Receivables LLC, amended their Receivables Purchase Agreement to extend the Facility Termination Date to August 31, 2026.

Filer
Targa Resources Corp. TRGP · NYSE
Filed
Accession
0001193125-25-166471
CIK
0001389170
Signal
Medium impactEnergy

Details

The amendment also details service and swap transaction provisions involving committed purchasers. A copy of the amendment is filed as Exhibit 10.1 to this Current Report on Form 8-K.

Items reported

Item 1.01

Entry into a Material Definitive Agreement

Material Agreement Amendment
Item 9.01

Financial Statements and Exhibits

Exhibits Furnished

Market reaction

Close before filing

$165.60

Next session

+2.4%

Since filing

+63.3%

Latest close

$270.37

What happened, not what will happen — closing prices around the filing date.

Precedent

Previous filings from TRGP reporting the same item, with the next session's move:

Exhibits (1)

About Targa Resources Corp.

Targa Resources Corp. is a prominent midstream energy company focused on the processing, storage, transportation, and marketing of natural gas and natural gas liquids (NGLs). It plays a vital role in the energy sector by facilitating the efficient flow of these critical resources from production sites to end users. Targa Resources Corp. provides a variety of essential services including gathering and processing, which involves collecting natural gas from wells, separating impurities, and preparing it for transport. Additionally, the company is involved in fractionation, which divides mixed NGLs into individual hydrocarbons such as propane, butane, and ethane. Targa's operations are key to energy infrastructure, supporting industries that rely on natural gas and NGLs for power generation, manufacturing, and heating. With a significant presence in major U.S. shale basins, Targa Resources Corp. contributes to the country's energy supply chain stability and efficiency, making it a strategic player in the integration and distribution of energy resources across multiple markets.

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