Targa Resources faces risks from commodity price volatility (natural gas, NGLs, crude oil), interest rate fluctuations, counterparty credit risk (default by financial institutions or energy companies), and customer credit risk (non-payment by customers). Legal proceedings (e.g., the Vitol lawsuit) and potential environmental violations also pose financial risks. Changes in market conditions and regulatory actions could further impact the company's financial performance.

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Targa Resources anticipates increased revenues from higher volumes and fees in its Gathering and Processing and Logistics and Transportation segments. Expansion projects (new processing plants, fractionation trains, and pipelines) are expected to boost throughput and potentially increase profitability. The company's recent debt offerings and credit facility amendments could provide additional capital for growth. Repurchasing shares and increasing dividends also represent potential upside.

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