Targa Resources Corp. (NYSE:TRGP) Q2 2024 Earnings Conference Call August 1, 2024 11:00 AM ET

Company Participants

Sanjay Lad - Vice President, Finance and Investor Relations
Matt Meloy - Chief Executive Officer
Jen Kneale - President, Finance & Administration
Pat McDonie - President, Gathering & Processing
Scott Pryor - President, Logistics & Transportation
Bobby Muraro - Chief Commercial Officer

Conference Call Participants

Jeremy Tonet - JPMorgan
Spiro Dounis - Citi
Theresa Chen - Barclays
Michael Blum - Wells Fargo
John Mackay - Goldman Sachs
Manav Gupta - UBS
Keith Stanley - Wolfe Research
Sunil Sibal - Seaport Global
Tristan Richardson - Scotiabank

Operator

Good day, and welcome to the Targa Resources Corporation Second Quarter 2024 Earnings Webcast and Presentation. At this time, all participants are in a listen-only mode. After the speaker presentation, there will be a question-and-answer session. [Operator Instructions] Please be advised that today's conference is being recorded.

I would now like to hand the conference over to your speaker, Sanjay Lad, Vice President, Finance and Investor Relations. The floor is yours, sir.

Sanjay Lad

Thanks, Shari. Good morning, and welcome to the second quarter 2024 earnings call for Targa Resources Corp. The second quarter earnings release, along with the second quarter earnings supplement presentation for Targa that accompanying our call are available on our website at targaresources.com in the Investors section. In addition, an updated investor presentation has also been posted to our website.

Statements made during this call that might include Targa's or expectations or predictions should be considered forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934. Actual results could differ materially from those projected in forward-looking statements. For a discussion of factors that could cause actual results to differ please refer to our latest SEC filings.

Our speakers for the call today will be Matt Meloy, Chief Executive Officer ; and Jen Kneale, President, Finance and Administration. Additionally, the following senior management team members will be available for Q&A: Pat McDonie, President, Gathering and Processing; Scott Pryor, President, Logistics and Transportation; Bobby Muraro, Chief Commercial Officer; and Will Byers, Chief Financial Officer.

With that, I'll now turn the call over to Matt.

Matt Meloy

Thanks, Sanjay, and good morning to everyone. We had another record quarter across multiple fronts. But before we get into all the good things happening here at Targa, I would like to first recognize all our employees impacted by Hurricane Beryl. We prepared for the storm, weathered the storm and performed across a difficult period to safely keep volumes flowing, providing best-in-class service when many of our employees were also managing without power and had damage to their homes. The hard work and dedication demonstrated during the storm is really something to be proud of. So I'd like to say thank you to the Targa team for all the extra effort. The storms reduced our volumes for only a short period, so we expect the impact on the third quarter to be minimal as there was no material damage to any of our assets.