Targa Resources Corp. acquired Nile Midstream, LLC and Four Winds Midstream, LLC ("Nile Acquisition") for $90.3 million, structured as All-cash asset purchase.
Nile Midstream, LLC and Four Winds Midstream, LLC ("Nile Acquisition") operates in Gathering and Processing. In December 2025 Targa completed the purchase of certain midstream assets from Nile Midstream, LLC and Four Winds Midstream, LLC, both wholly owned subsidiaries of Blackbeard Holdings, LLC. The assets acquired primarily consist of compression and pipeline infrastructure, with substantially all of the consideration allocated to property, plant and equipment.
Adds compression and pipeline infrastructure that complements Targa's Gathering and Processing operations.
In December 2025, we completed the purchase of certain midstream assets from Nile Midstream, LLC and Four Winds Midstream, LLC, both wholly-owned subsidiaries of Blackbeard Holdings, LLC, for aggregate cash consideration of $90.3 million, inclusive of capitalized transaction costs (the 'Nile Acquisition'), subject to customary closing adjustments.Targa Resources Corp., Form 10-K for fiscal year 2025, Note 4 Acquisitions and Joint Ventures
Advisory firms were not disclosed for this transaction.