Midstream Stocks Surge as AI Infrastructure Beneficiaries, $3.8 Trillion Vanishes in a Day

Targa Resources Corporation (TRGP) closed down 5.24% at $237.60 on the New York Stock Exchange on April 1, reducing its market capitalization by roughly $2.5 billion to about $51 billion (approximately KRW 77 trillion). Trading volume stood at 1.14 million shares.

Recent U.S. investment outlets have highlighted TRGP as a top pick poised to benefit both from a midstream sector rebound and the expansion of AI data-center infrastructure. Analysts forecast that once the new plant expansion in the Permian Basin is complete, annual EBITDA could exceed $6 billion. Despite these strong “buy” ratings, the stock has experienced a brief pullback amid short-term profit-taking and increased volatility.

Headquartered in Houston, Targa Resources is a major midstream energy-infrastructure company operating an extensive network of assets that gather, process, fractionate and transport natural gas and natural gas liquids (NGLs) across the United States. Its core strategy is connecting low-cost supply from key production regions—such as the Permian and Anadarko basins—to demand centers.