Investor Presentaiton

Sustainability Highlights From 2021 Sustainability Report Reduced combined Scope 1 and Scope 2 GHG intensity by 12% Reduced flaring volumes from emissions events by 40% Exported approximately 4.9 billion gallons of LPG globally in 2021 that can contribute to lowering global emissions when they offset the use of higher GHG-emitting fuels Completed aerial methane detection on 13,000 miles of pipelines and 162 surface facilities in the Permian Decreased preventable vehicle accident rate by 31% Received the International Liquid Terminals Association (ILTA) safety excellence award for the second year in a row Board-level Sustainability Committee continues to oversee ESG related risks and environmental and safety performance, as well as management's implementation of strategy to integrate sustainability into various business activities Our Goals by 2025 0.08% Reduce our methane intensity to 0.08% for our gathering and boosting segment 0.11% Reduce our methane intensity to 0.11% for our processing segment TCFD TCFD-aligned disclosures OUR NATION'S ENERGY Targa sits on the ONE ONE Future Steering Committee and participates in the FUTURE Technical Committee THE ENVIRONMENTAL PARTNERSHIP An Initiative of the US. Natural Gas and Oil industry Participated in API Environmental Partnership aerial methane surveys Natural Gas EPA POLLUTION PREVENTER Expanded commitment to implement methane reduction projects More information around Targa's efforts in the areas of Safety, Environment, Social and Governance can be found in our 2021 Sustainability Report, available on our website at www.targaresources.com/sustainability. TR TARGA INVESTOR PRESENTATION 21

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