Investor Presentaiton

A Leading Infrastructure Company (1) (2) (3) Bakken Assets 2 natural gas processing plants -290 MMcf/d gross processing capacity Crude oil gathering and storage Permian Basin Assets ■ Largest natural gas G&P position ■ 38 natural gas processing plants(1) ~7.4 Bcf/d gross processing capacity(1) North Dakota Badlands New Mexico Kansas WestOK Oklahoma Arkansas SouthOK Permian Delaware Permian Midland Texas North Texas Louisiana Mont Belvieu Coastal Houston⭑ Galena Park NGL Pipeline Transportation ■ Grand Prix NGL Pipeline connects Targa and third-party assets in the Permian and Midcon to Mont Belvieu Daytona NGL Pipeline under construction Includes announced Permian Midland and Permian Delaware plant additions currently underway and the idling of the Sand Hills plant. Includes 40 MBbl/d of back-end capacity, Train 9 and 10 scheduled to be completed in Q2 2024 and Q1 2025, respectively, and does not include Targa's equity interest in GCF. Export facility has an effective working capacity of 13.5 MMBbl/month, inclusive of 1MMBbl/month capacity expansion underway. This capability is dependent on the mix of propane and butane demand, vessel size and availability of supply, among other factors. SouthTX - Natural Gas Gathering Pipeline Fractionation Complex NGL Pipeline G&P Asset Region ▲ Gas Plant ▲ Fractionator LPG Export Facility • Crude Terminal & Gathering Headquarters TR TARGA INVESTOR PRESENTATION " Central Region Assets 12 natural gas processing plants ~2.0 Bcf/d gross processing capacity NGL Fractionation One of the largest footprints in Mont Belvieu 10 fractionation trains ~1.1 MMBbl/d gross fractionation capacity(2) Coastal Region Assets 5 natural gas processing plants ~2.0 Bcf/d gross processing capacity LPG Export Services One of the largest U.S. exporters of LPG ~13.5 MMBbl/month effective working capacity(3) LO 5

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