---
title: "Targa Resources Stock Gains 7%"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/296248873.md"
description: "Targa Resources Corp. (TRGP) shares rose approximately 7% to $297.68, driven by new 20-year agreements with ExxonMobil subsidiaries for integrated natural gas services in the Permian Basin."
datetime: "2026-08-18T15:26:48.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/296248873.md)
  - [en](https://longbridge.com/en/news/296248873.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/296248873.md)
generator: "portal-rs"
---

# Targa Resources Stock Gains 7%

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Shares of Targa Resources Corp. (TRGP) are gaining around 7 percent on Tuesday morning, likely driven by the company's announcement yesterday about new 20-year agreements with subsidiaries of ExxonMobil Holdings Corp. (XOM) for integrated natural gas gathering, processing and downstream services in the Permian Basin.

The company's shares are currently trading at $297.68 on the New York Stock Exchange, gaining 7.11 percent in the latest session. The stock opened at $293.41 and touched an intraday high of $305.08. Over the past 12 months, the shares have traded between $144.14 and $305.08.

The agreements include gathering, processing, treating, NGL transportation and fractionation services, along with 20-year NGL dedications to its logistics and transportation systems. 

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## Related News & Research

- [Exxon turning to more automated drilling in the Permian Basin to boost production - report](https://longbridge.com/en/news/296840583.md)
- [Targa Resources (TRGP) Could Be 3% Undervalued On ExxonMobil Permian Deals](https://longbridge.com/en/news/297187575.md)
- [Here's How Much $100 Invested In Targa Resources 10 Years Ago Would Be Worth Today](https://longbridge.com/en/news/297110654.md)
- [Targa Resources Insider Makes Eye-Catching Move With Major Stock Sale](https://longbridge.com/en/news/297115859.md)
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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**