xbrli:pure iso4217:USD utr:mi utr:in utr:bbl C008892 2025-01-01 2025-12-31 C008892 ScheduleCompaniesControlledByRespondentAbstract 2025-01-01 2025-12-31 C008892 ScheduleStatementOfAccumulatedOtherComprehensiveIncomeAndHedgingActivitiesAbstract 2025-01-01 2025-12-31 C008892 ScheduleAppropriatedRetainedIncomeAbstract 2025-01-01 2025-12-31 C008892 ScheduleInvestmentsInAffiliatedCompaniesAbstract 2025-01-01 2025-12-31 C008892 ScheduleInvestmentsInCommonStocksOfAffiliatedCompaniesAbstract 2025-01-01 2025-12-31 C008892 ScheduleInvestInComStocksOfAffiliatedCoCoControlledDirectlyByRespOtherThanThroughTitleToSecuritiesAbstract 2025-01-01 2025-12-31 C008892 ScheduleUndividedJointInterestPropertyAbstract 2025-01-01 2025-12-31 C008892 ScheduleAccruedDepreciationUndividedJointInterestPropertyAbstract 2025-01-01 2025-12-31 C008892 ScheduleAmortizationBaseAndReserveAbstract 2025-01-01 2025-12-31 C008892 ScheduleNoncarrierPropertyAbstract 2025-01-01 2025-12-31 C008892 ScheduleOtherDeferredChargesAbstract 2025-01-01 2025-12-31 C008892 ScheduleLongTermDebtAbstract 2025-01-01 2025-12-31 C008892 ScheduleCapitalStockAbstract 2025-01-01 2025-12-31 C008892 ScheduleCapitalStockChangesDuringTheYearAbstract 2025-01-01 2025-12-31 C008892 ScheduleIncomeFromNoncarrierPropertyAbstract 2025-01-01 2025-12-31 C008892 ScheduleInterestAndDividendIncomeAbstract 2025-01-01 2025-12-31 C008892 SchedulePaymentsForServicesRenderedByOtherThanEmployeesAbstract 2025-01-01 2025-12-31 C008892 ScheduleStatisticsOfOperationsOwnedByRespondentButOperatedByOthersAbstract 2025-01-01 2025-12-31 C008892 ScheduleFootnotesAbstract 2025-01-01 2025-12-31 C008892 Targa Resources Corp 2025-01-01 2025-12-31 C008892 Targa Resources Corp 2025-12-31 C008892 Chief Executive Officer, Meloy, Matthew 2025-01-01 2025-12-31 C008892 President, Kneale, Jennifer 2025-01-01 2025-12-31 C008892 Chief Commercial Officer, Muraro, Robert 2025-01-01 2025-12-31 C008892 Chief Financial Officer, Byers, William 2025-01-01 2025-12-31 C008892 Executive Vice President and General Counsel, Shrader, Gerald 2025-01-01 2025-12-31 C008892 Senior Vice President and Chief Accounting Officer, Eklof, J. Christopher 2025-01-01 2025-12-31 C008892 Jennifer Kneale - President, Director 2025-01-01 2025-12-31 C008892 Gerald Shrader - Executive Vice President, General Counsel, Director 2025-01-01 2025-12-31 C008892 2025-12-31 C008892 2024-12-31 C008892 2024-01-01 2024-12-31 C008892 2023-12-31 C008892 ARO Accretion 2025-01-01 2025-12-31 C008892 Lease Accretion 2025-01-01 2025-12-31 C008892 ARO Accretion 2024-01-01 2024-12-31 C008892 Tax for Cont Operations 2025-01-01 2025-12-31 C008892 Other: 2025-01-01 2025-12-31 C008892 Lease Accretion 2025-01-01 2025-12-31 C008892 Lease WC 2025-01-01 2025-12-31 C008892 Abandonments 2025-01-01 2025-12-31 C008892 Retirement of Finance Lease 2025-01-01 2025-12-31 C008892 Other: 2025-01-01 2025-12-31 C008892 Settlement of Finance Leases 2025-01-01 2025-12-31 C008892 Proceeds from Sale of Finance Lease 2025-01-01 2025-12-31 C008892 Settlement of Finance Leases 2025-01-01 2025-12-31 C008892 Other: 2025-01-01 2025-12-31 C008892 Contribution from Members 2025-01-01 2025-12-31 C008892 Other: 2025-01-01 2025-12-31 C008892 Leases 2025-01-01 2025-12-31 C008892 NCI Purchase 2025-01-01 2025-12-31 C008892 Leases 2024-01-01 2024-12-31 C008892 Other 2025-01-01 2025-12-31 C008892 Targa Liquid Marketing and Trade, Accounts Receivable 2025-01-01 2025-12-31 C008892 Targa NGL Pipeline, Accounts Receivable 2025-01-01 2025-12-31 C008892 Minor Accounts, less than $500,000, Accounts Receivable 2025-01-01 2025-12-31 C008892 Targa Liquid Marketing and Trade, Accounts Receivable 2025-12-31 C008892 Targa NGL Pipeline, Accounts Receivable 2025-12-31 C008892 Minor Accounts, less than $500,000, Accounts Receivable 2025-12-31 C008892 Targa Resources LLC 2025-01-01 2025-12-31 C008892 Apex Pipeline LLC 2025-01-01 2025-12-31 C008892 Targa Midland LLC 2025-01-01 2025-12-31 C008892 Minor accounts, less than $500,000 2025-01-01 2025-12-31 C008892 Targa Resources LLC 2025-12-31 C008892 Apex Pipeline LLC 2025-12-31 C008892 Targa Midland LLC 2025-12-31 C008892 Minor accounts, less than $500,000 2025-12-31 C008892 Defered Income Tax Assets/Liabilities: 2025-01-01 2025-12-31 C008892 Federal 2025-01-01 2025-12-31 C008892 State (Texas) 2025-01-01 2025-12-31 C008892 Other (Specify) 2025-01-01 2025-12-31 C008892 Accumulated Defered Income Tax Assets/Liabilities: 2025-01-01 2025-12-31 C008892 Federal 2024-12-31 C008892 State (Texas) 2024-12-31 C008892 Federal 2025-12-31 C008892 State (Texas) 2025-12-31 C008892 Delaware/Versado Transaction 2025-01-01 2025-12-31 C008892 0 2025-01-01 2025-12-31 C008892 0 2025-01-01 2025-12-31 C008892 ferc:OilProductsMember 2024-01-01 2024-12-31 C008892 ferc:OilProductsMember 2025-01-01 2025-12-31 C008892 ferc:InterstateTransportationMember 2024-01-01 2024-12-31 C008892 ferc:InterstateTransportationMember 2025-01-01 2025-12-31 C008892 ferc:IntrastateTransportationMember 2024-01-01 2024-12-31 C008892 ferc:IntrastateTransportationMember 2025-01-01 2025-12-31 C008892 Alabama 2025-01-01 2025-12-31 C008892 Alaska 2025-01-01 2025-12-31 C008892 Arizona 2025-01-01 2025-12-31 C008892 Arkansas 2025-01-01 2025-12-31 C008892 California 2025-01-01 2025-12-31 C008892 Colorado 2025-01-01 2025-12-31 C008892 Connecticut 2025-01-01 2025-12-31 C008892 Delaware 2025-01-01 2025-12-31 C008892 Florida 2025-01-01 2025-12-31 C008892 Georgia 2025-01-01 2025-12-31 C008892 Hawaii 2025-01-01 2025-12-31 C008892 Idaho 2025-01-01 2025-12-31 C008892 Illinois 2025-01-01 2025-12-31 C008892 Indiana 2025-01-01 2025-12-31 C008892 Iowa 2025-01-01 2025-12-31 C008892 Kansas 2025-01-01 2025-12-31 C008892 Kentucky 2025-01-01 2025-12-31 C008892 Louisiana 2025-01-01 2025-12-31 C008892 Maine 2025-01-01 2025-12-31 C008892 Maryland 2025-01-01 2025-12-31 C008892 Massachusetts 2025-01-01 2025-12-31 C008892 Michigan 2025-01-01 2025-12-31 C008892 Minnesota 2025-01-01 2025-12-31 C008892 Mississippi 2025-01-01 2025-12-31 C008892 Missouri 2025-01-01 2025-12-31 C008892 Montana 2025-01-01 2025-12-31 C008892 Nebraska 2025-01-01 2025-12-31 C008892 Nevada 2025-01-01 2025-12-31 C008892 New Hampshire 2025-01-01 2025-12-31 C008892 New Jersey 2025-01-01 2025-12-31 C008892 New Mexico 2025-01-01 2025-12-31 C008892 New York 2025-01-01 2025-12-31 C008892 North Carolina 2025-01-01 2025-12-31 C008892 North Dakota 2025-01-01 2025-12-31 C008892 Ohio 2025-01-01 2025-12-31 C008892 Oklahoma 2025-01-01 2025-12-31 C008892 Oregon 2025-01-01 2025-12-31 C008892 Pennsylvania 2025-01-01 2025-12-31 C008892 Rhode Island 2025-01-01 2025-12-31 C008892 South Carolina 2025-01-01 2025-12-31 C008892 South Dakota 2025-01-01 2025-12-31 C008892 Tennessee 2025-01-01 2025-12-31 C008892 Texas 2025-01-01 2025-12-31 C008892 Utah 2025-01-01 2025-12-31 C008892 Vermont 2025-01-01 2025-12-31 C008892 Virginia 2025-01-01 2025-12-31 C008892 Washington 2025-01-01 2025-12-31 C008892 West Virginia 2025-01-01 2025-12-31 C008892 Wisconsin 2025-01-01 2025-12-31 C008892 Wyoming 2025-01-01 2025-12-31 C008892 District of Columbia 2025-01-01 2025-12-31 C008892 Other (Specify): 2025-01-01 2025-12-31 C008892 Settlement of Intercompany Payables 2025-01-01 2025-12-31 C008892 Settlement of Intercompany Receivables 2025-01-01 2025-12-31 C008892 ferc:WhollyOwnedAndOperatedByRespondentMember (A) - Grand Prix Pipeline LLC, TX, Sendero, TX/NM Border 2025-01-01 2025-12-31 C008892 ferc:WhollyOwnedAndOperatedByRespondentMember (A) - Grand Prix Pipeline LLC, TX, TX/NM Border, High Plains 2025-01-01 2025-12-31 C008892 (A) - Grand Prix Pipeline LLC, TX, Sendero, TX/NM Border 2025-01-01 2025-12-31 C008892 (A) - Grand Prix Pipeline LLC, TX, TX/NM Border, High Plains 2025-01-01 2025-12-31 C008892 ferc:WhollyOwnedAndOperatedByRespondentMember (A) - Grand Prix Pipeline LLC, TX, High Plains, Junction PS8 2025-01-01 2025-12-31 C008892 (A) - Grand Prix Pipeline LLC, TX, High Plains, Junction PS8 2025-01-01 2025-12-31 C008892 ferc:WhollyOwnedAndOperatedByRespondentMember (A) - Grand Prix Pipeline LLC, TX, Joyce , High Plains 2025-01-01 2025-12-31 C008892 (A) - Grand Prix Pipeline LLC, TX, Joyce , High Plains 2025-01-01 2025-12-31 C008892 ferc:WhollyOwnedAndOperatedByRespondentMember (A) - Grand Prix Pipeline LLC, TX, Junction PS8, Mt. Belvieu 2025-01-01 2025-12-31 C008892 (A) - Grand Prix Pipeline LLC, TX, Junction PS8, Mt. Belvieu 2025-01-01 2025-12-31 C008892 ferc:WhollyOwnedAndOperatedByRespondentMember (A) - Grand Prix Pipeline LLC, TX, High Plains (Daytona), Junction PS8 (Daytona) 2025-01-01 2025-12-31 C008892 (A) - Grand Prix Pipeline LLC, TX, High Plains (Daytona), Junction PS8 (Daytona) 2025-01-01 2025-12-31 C008892 ferc:WhollyOwnedAndOperatedByRespondentMember 2025-01-01 2025-12-31 C008892 ferc:OilProductsTrunkMember 2025-01-01 2025-12-31 C008892 Texas, Various ferc:OilProductsMember 2025-01-01 2025-12-31 C008892 Oklahoma, Various ferc:OilProductsMember 2025-01-01 2025-12-31 C008892 Texas, Various 2025-01-01 2025-12-31 C008892 Oklahoma, Various 2025-01-01 2025-12-31 C008892 New Mexico, Various ferc:OilProductsMember 2025-01-01 2025-12-31 C008892 New Mexico, Various 2025-01-01 2025-12-31 2026-04-16 Q4 Grand Prix Pipeline LLC Grand Prix Pipeline LLC 2017-08-31 Grand Prix Pipeline LLC Grand Prix Pipeline LLC Delaware N/A N/A N/A N/A 2026-04-16 Q4 2026-04-16 Q4 <div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Use this Space to Enter any Important Changes During the Quarter/Year</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">1) N/A</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">2) N/A</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:112%">3) In February 2025, we announced an intra-Delaware Basin expansion of our Grand Prix pipeline system in the Permian Delaware. The expansion is expected to begin operations in the second quarter of 2026.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:112%">In Q2 2025, Targa Downstream LLC transferred certain gas pipelines to Grand Prix LLC in exchange for an increase in ownership equity.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:112%">In September 2025, we announced plans to construct the Speedway NGL Pipeline (“Speedway”) which will transport NGLs from our existing assets and future plant additions in the Permian Basin to our fractionation and storage complex in Mont Belvieu, Texas. The project consists of approximately 500 miles of 30-inch diameter pipeline and associated infrastructure with an initial capacity of approximately 500 MBbl/d, expandable to 1,000 MBbl/d. Speedway is expected to begin operations in the third quarter of 2027.</span></div><div><span><br/></span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">4) N/A</span></div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">5) N/A</span> 2026-04-16 Q4 2026-04-16 Q4 <div style="text-align:justify"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:700;line-height:112%">Company Business</span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Grand Prix Pipeline LLC (“Company”) is a limited liability company formed in August 2017 to design, construct and own natural gas liquids (“NGLs”) pipelines (the “Pipelines”) to transport NGL volumes from the Permian Basin to the NGL market hub at Mont Belvieu, Texas. The Pipelines began partial operations within the Permian Basin starting in April 2018 and began full operations in 2019.</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company expanded the Pipelines’ capacity with the Daytona NGL Pipeline during the third quarter of 2024.</span></div><div style="text-align:justify"><span><br/></span></div><div><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:112%">In February 2025, the Company announced an intra-Delaware Basin extension of the Pipelines in the Permian Delaware. The expansion is expected to begin operations in the third quarter of 2026. As part of the expansion, in Q2 2025, Targa Downstream LLC transferred certain gas pipelines to the Company in exchange for an increase in ownership equity.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:112%">In September 2025, the Company announced plans to construct the Speedway NGL Pipeline (“Speedway”) to increase the Pipelines’ capacity, which will transport NGLs from existing assets and future plant additions in the Permian Basin to the Targa Resources fractionation and storage complex in Mont Belvieu, Texas. The Speedway project consists of approximately 500 miles of 30-inch diameter pipeline and associated infrastructure with an initial capacity of approximately 500 MBbl/d, expandable to 1,000 MBbl/d. Speedway is expected to begin operations in the third quarter of 2027. </span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:700;line-height:112%">Regulation of Operations</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:112%">The Pipelines operate predominately as intrastate pipelines with a portion considered to be interstate pipelines. As intrastate NGL pipelines located in Texas, they are regulated by the Railroad Commission of Texas. As interstate NGL pipelines, they are considered a common carrier pipeline subject to regulation by Federal Energy Regulatory Commission under the Interstate Commerce Act.</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:700;line-height:112%">Basis of Presentation</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:112%">The financial statements and supporting schedules were prepared in accordance with the Uniform System of Accounts as prescribed by the Federal Energy Regulatory Commission (“FERC”). The FERC-approved tariff establishes rates, terms and conditions under which the Company provides services to its customers. The Uniform System of Accounts is a comprehensive basis of accounting other than accounting principles generally accepted in the United States of America (“GAAP”). Financial accounting and reporting differences between FERC and GAAP are principally related to account classifications such as but not limited to: Plant held for sale is a current asset for GAAP and is included in Gas Plant for FERC; costs incurred and revenues collected for future plant retirement costs are classified as a regulatory liability for GAAP and as accumulated provision for depreciation for FERC; and deferred tax assets and liabilities are presented as gross assets and liabilities for FERC purposes, but are netted for GAAP.</span></div><div><span><br/></span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:700;line-height:112%">Income Taxes</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Income taxes are recorded in accordance with the FERC Policy Statement on Income Tax Allowances permitting the accrual of income taxes on a pass-through entity. Deferred income taxes are recognized for differences between the financial reporting and tax bases of assets and liabilities at enacted statutory tax rates in effect for the years in which the differences are expected to reverse. Actual income taxes could vary from these estimates due to future changes in income tax law or results from the final review of tax returns by federal or state authorities.</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:112%">The Company is organized as a limited liability company and is treated as a partnership for U.S. federal and state income tax purposes. As such, the Company is generally not subject to federal or state income taxes. All revenues and expenses of the Company are reportable in the federal and state income tax returns of its members.</span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:112%">FERC allows adjustments to the financial statements for allowable income taxes. The below table describes the state and federal income tax provision at December 31, 2025 and the related effective tax rate.</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"/><td style="width:71.816%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:25.984%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%">TOTAL PROVISION</span></td><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:14pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Increment to State Deferred Income Tax</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">8,442,795 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Increment to Federal Deferred Income Tax</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(5,655,568)</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Current Provision/(Benefit) - State</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">1,204,436 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Current Provision/(Benefit) - Federal</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">233,877,858 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:14pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Total 2025 Provision/(benefit)</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%">237,869,521</span><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:14pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Effective Tax Rate</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%">21.70</span><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%">%</span></td></tr></table></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:700;line-height:112%">Property, Plant and Equipment </span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Property, plant and equipment as of December 31, 2025 and December 31, 2024, consists of pipeline assets, rights of way and construction in progress for the Pipeline. </span></div><div><span><br/></span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"/><td style="width:34.700%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.191%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.705%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.730%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.035%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.039%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%;text-decoration:underline">December 31, 2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%;text-decoration:underline">December 31, 2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;text-indent:1.6pt;vertical-align:top"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:112%;text-decoration:underline">Useful Life</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;text-indent:3.55pt;vertical-align:top"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Pipeline</span></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">2,290,160,125 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">2,148,492,870 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:2px 1pt;text-align:center;text-indent:1.6pt;vertical-align:top"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">25</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;text-indent:3.6pt;vertical-align:top"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Rights of Way</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">358,727,819 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">350,693,186 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:2px 1pt;text-align:center;text-indent:1.6pt;vertical-align:top"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">25</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;text-indent:3.6pt;vertical-align:top"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Other Property, Plant and Equipment</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">7,909,427 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">6,631,939 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:2px 1pt;text-align:center;text-indent:1.6pt;vertical-align:top"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">5 - 20</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;text-indent:3.6pt;vertical-align:top"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Construction in Progress</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">420,148,451 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">44,462,614 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">—</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;text-indent:3.6pt;vertical-align:top"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:88%">Finance Lease, Right-of-use Assets</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:88%">4,376,238 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:88%">4,051,469 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:88%">5</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;text-indent:22.5pt;vertical-align:top"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Property, Plant and Equipment</span></td><td colspan="2" style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:112%">3,081,322,060</span><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:112%"> </span></td><td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:112%">2,554,332,078</span><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:112%"> </span></td><td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;text-indent:22.5pt;vertical-align:top"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:88%">Accumulated Depreciation</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:88%">(512,640,291)</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:88%">(396,951,400)</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;text-indent:41.4pt;vertical-align:top"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:89%">Property, Plant and Equipment, net</span></td><td style="border-bottom:3pt double #000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:89%">$</span></td><td style="border-bottom:3pt double #000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:89%">2,568,681,769</span><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:89%"> </span></td><td style="border-bottom:3pt double #000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td style="border-bottom:3pt double #000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:89%">$</span></td><td style="border-bottom:3pt double #000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:89%">2,157,380,678</span><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:89%"> </span></td><td style="border-bottom:3pt double #000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr></table></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:112%">For the years ended December 31, 2025 and December 31, 2025, depreciation expense was $104.5 million and $84.2 million.</span></div><div><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:700;line-height:112%">Asset Retirement Obligations</span></div><div><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Our ARO primarily relates to our pipeline assets. </span><span style="background-color:#ffffff;color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:112%">The changes in our ARO are as follows:</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:80.803%"><tr><td style="width:1.0%"/><td style="width:53.227%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:22.104%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:21.369%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%;text-decoration:underline">December 31, 2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%;text-decoration:underline">December 31, 2024</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;text-indent:3.55pt;vertical-align:top"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Beginning Period</span></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">37,835,087 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">13,594,668 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;text-indent:3.6pt;vertical-align:top"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Additions</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">235,421 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">22,200,752 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;text-indent:3.6pt;vertical-align:top"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Accretion</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">2,114,579 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">2,039,667 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;text-indent:3.6pt;vertical-align:top"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">End of Period</span></td><td style="border-bottom:3pt double #000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:89%">$</span></td><td style="border-bottom:3pt double #000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:89%">40,185,087</span><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:89%"> </span></td><td style="border-bottom:3pt double #000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td style="border-bottom:3pt double #000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:89%">$</span></td><td style="border-bottom:3pt double #000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:89%">37,835,087</span><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:89%"> </span></td><td style="border-bottom:3pt double #000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr></table></div> 2026-04-16 Q4 C008892 6 Grand Prix Pipeline LLC 2025 Q4 N/A 811 Louisiana Street, Suite 2100, Houston, Texas 77002 Paul Dorman Senior Manager - Projects & Property Accounting 811 Louisiana Street, Suite 2100, Houston, Texas 77002 713-584-1450 O 2026-04-16 Sudipta Yancy VP Financial Controller Sudipta Yancy 2026-04-16 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A Not Prepared Targa Resources Corp DE Targa Resources Partners LP DE Targa Downstream LLC DE 1.00 Chief Executive Officer President 1 2 Chief Commercial Officer 3 Chief Financial Officer 4 Executive Vice President and General Counsel 5 Senior Vice President and Chief Accounting Officer 6 Meloy, Matthew Kneale, Jennifer Muraro, Robert Byers, William Shrader, Gerald Eklof, J. Christopher 811 Louisiana Suite 2100 Houston, TX 77002 Jennifer Kneale - President, Director Gerald Shrader - Executive Vice President, General Counsel, Director 1 2 811 Louisiana Suite 2100 Houston, TX 77002 true true 1315402055 995277479 4160995 4043359 1319563050 999320838 3081322060 2554332078 512640291 396951400 2568681769 2157380678 2568681769 2157380678 3888244819 3156701516 775861226 690747683 63973419 21228555 27888203 20888168 853387 779450 868576235 733643856 1656415 1898905 299407824 296620597 40185087 37835087 341249326 336354589 1209825561 1069998445 1451950485 1414250485 1226468773 672452586 2678419258 2086703071 3888244819 3156701516 1358575214 1032935410 262030738 215870457 1096544476 817064953 124431 122880 -124431 -122880 1096420045 816942073 235082294 120794558 2787227 56453690 858550524 639693825 -4539 -4539 858545985 639693825 858545985 639693825 672452586 471242588 858545985 639693825 690749921 325106970 1549295906 964800795 995279719 763590797 995279719 763590797 554016187 201209998 1226468773 104500218 84247429 ARO Accretion Lease Accretion 6 7 2114579 2039667 2787227 56453690 Tax for Cont Operations 9 1315519693 1001617153 757429660 661955745 Other: Lease Accretion 14 15 Lease WC 16 Abandonments 17 Retirement of Finance Lease 18 4539 409862515 442773203 409034666 442053099 Other: Settlement of Finance Leases 28 29 8745 409043411 442053099 Proceeds from Sale of Finance Lease Settlement of Finance Leases 52 53 -409043411 -442053099 Other: Contribution from Members 63 64 Other: Leases NCI Purchase 75 76 819104 720104 Other -819104 -720104 Targa Liquid Marketing and Trade Targa NGL Pipeline 1 2 Minor Accounts, less than $500,000 3 Accounts Receivable Accounts Receivable Accounts Receivable 1299123202 15735394 543459 2825179 -112 -112 -112 2825067 350693186 6154705 6154705 1879928 8034633 358727819 1195031100 68575091 68575091 -9466110 59108981 1254140081 12708172 12708172 440863845 51459358 51459358 492323203 4955134 665634 665634 665634 5620768 463627773 25137325 25137325 5726282 30863607 494491380 276622 276622 1400183 611854 611854 611854 2012037 4051469 924679 340448 584231 -259462 324769 4376238 33436801 235421 235421 235421 33672222 2509869464 102304597 340448 101964149 49339996 151304145 2661173609 44462614 477557810 -101871973 375685837 375685837 420148451 44462614 477557810 -101871973 375685837 375685837 420148451 2554332078 477557810 432624 340448 477649986 49339996 526989982 3081322060 55702730 21288136 -1113383 75877483 189814055 61032109 11054232 261900396 2018516 253283 2271799 70025085 9228600 79253685 920843 539309 1460152 73640818 9581333 -621979 82600172 18769 27567 46336 96450 381734 478184 1303214 839922 268009 2045808 3920935 3410920 1328225 92004 4831149 396951400 104500218 268009 11456682 512640291 396951400 104500218 268009 11456682 512640291 Targa Resources LLC Apex Pipeline LLC 1 2 Targa Midland LLC 3 Minor accounts, less than $500,000 4 Accounts Payable Accounts Payable Accounts Payable Accounts Payable 745540443 26931743 2715332 673708 Defered Income Tax Assets/Liabilities: Federal 1 2 State (Texas) 3 Other (Specify) 6 Accumulated Defered Income Tax Assets/Liabilities: 11 293759401 2861196 -5655568 8442795 288103833 11303991 296620597 2787227 299407824 Delaware/Versado Transaction 0 3 4 37700000 37700000 0 1001581914 1323503416 1001581914 1323503416 31353496 35071798 31353496 35071798 1032935410 1358575214 81132637 136922256 920449277 1186581160 81132637 136922256 920449277 1186581160 1001581914 1323503416 Alabama Alaska 1 2 Arizona 3 Arkansas 4 California 5 Colorado 6 Connecticut 7 Delaware 8 Florida 9 Georgia 10 Hawaii 11 Idaho 12 Illinois 13 Indiana 14 Iowa 15 Kansas 16 Kentucky 17 Louisiana 18 Maine 19 Maryland 20 Massachusetts 21 Michigan 22 Minnesota 23 Mississippi 24 Missouri 25 Montana 26 Nebraska 27 Nevada 28 New Hampshire 29 New Jersey 30 New Mexico 31 New York 32 North Carolina 33 North Dakota 34 Ohio 35 Oklahoma 36 Oregon 37 Pennsylvania 38 Rhode Island 39 South Carolina 40 South Dakota 41 Tennessee 42 Texas 43 Utah 44 Vermont 45 Virginia 46 Washington 47 West Virginia 48 Wisconsin 49 Wyoming 50 District of Columbia 51 Other (Specify): 52 505801 27144660 27650461 27650461 710 Settlement of Intercompany Payables 690749921 720 Settlement of Intercompany Receivables 995279719 Grand Prix Pipeline LLC, TX Grand Prix Pipeline LLC, TX 1 2 Grand Prix Pipeline LLC, TX 3 Grand Prix Pipeline LLC, TX 4 Grand Prix Pipeline LLC, TX 5 Grand Prix Pipeline LLC, TX 6 Sendero TX/NM Border High Plains Joyce Junction PS8 High Plains (Daytona) TX/NM Border High Plains Junction PS8 High Plains Mt. Belvieu Junction PS8 (Daytona) 21 255 267 47 275 283 24 24 24 24 30 24 1148 1148 157530520 131623028 104500218 84247429 606963 546220 7875241 6849055 2282503396 1875320525 210987463 186727656 2493490859 2062048181 0.5000 0.5000 0.5000 0.5000 0.0547 0.0525 0.1013 0.0913 0.0780 0.0719 68219708 54128765 126295312 94132499 194515020 148261264 35000849 26087806 0.2170 0.2170 500028811 397614802 136922256 81132637 62946703 45591209 34213834567 22743659549 41605347 41605347 41605347 7607361 7607361 7607361 6703893 6703893 6703893 45997572 45997572 45997572 899141 899141 899141 1846463 1846463 1846463 104659777 104659777 104659777 653513 653513 653513 4468530 4468530 4468530 1059497 1059497 1059497 103171993 103171993 103171993 1328225 1328225 1328225 5562106 5562106 5562106 8707609 8707609 8707609 27650461 27650461 2654448 2654448 2654448 2114579 2114579 2114579 157370961 157370961 157370961 262030738 262030738 Texas Oklahoma 16 17 New Mexico 18 Various Various Various 284615170 31633675 31313028 284615170 31633675 31313028 284615170 31633675 31313028 284615170 31633675 31313028 347561873 347561873 347561873 347561873 347561873 347561873 347561873 347561873 205536033665 347561873 The Workiva Platform