Targa Resources Corp. (TRGP) Launches Forza Pipeline to Boost Delaware Basin Growth

We recently compiled a list of the 12 Best Stocks to Own for Grandchildren. Targa Resources Corp. is one of them.

Targa Resources Corp. (NYSE:TRGP) is a leading midstream energy company with extensive infrastructure that connects North American natural gas and natural gas liquids (NGLs) to key domestic and international markets. Its core operations in gathering, processing, and transporting hydrocarbons provide fee-based revenue streams, offering resilience and stability for long-term investors.

In September 2025, the corporation launched the Forza Pipeline Project in the Delaware Basin, marking its most significant recent development. The 36-mile, 36-inch pipeline is designed to transport up to 750,000 dekatherms per day from Southeast New Mexico to markets near the Waha Hub in Texas. By linking new and existing gas processing facilities to high-demand markets, the project positions TRGP to benefit from rising demand for cleaner fuel infrastructure.

Wall Street has taken note of Targa Resources Corp. (NYSE:TRGP)’s growth potential. BMO Capital initiated a “Buy” rating this month, citing the company’s strong asset base and strategic presence in the Delaware and Midland basins, making it one of the best stocks to buy in the midstream energy sector. Despite headwinds in the Permian rig market, TRGP’s scale and efficiency are expected to drive production volumes ahead of peers.

About 90% of TRGP’s earnings come from multi-year, fee-based contracts, insulating it from commodity price volatility. Its controlling position in the Mont Belvieu fractionation hub, combined with strong insider ownership and improving EBIT margins, further strengthens its long-term outlook.

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