- Targa Resources signed 20-year agreements with ExxonMobil in the Permian Basin to expand gas processing and infrastructure.
- The company trades at US$ 294.03, with market narratives suggesting a fair value of US$ 303.52 and a potential 3% undervaluation.
- Valuation depends on multi-year revenue growth and fee-based contracts, though risks such as midstream overbuild and regulatory shifts remain.