We’d expect there actually to probably be some growth in our Badlands business over the rest of kind of this year into next year. So we’re seeing some good activity up there. And if it’s economic and it makes sense for us, we’ll go and continue to grow that business and other businesses. It’s just there’s less opportunity outside the Permian.
Sunil Sibal: Understood. Thanks.
Matt Meloy: Okay. Thank you.
Operator: Thank you. One moment for our next question you. And for our final question today comes from the line of Zack Van Everen from TPH & Company. Your question, please.
Zack Van Everen: Hi guys, thanks for squeezing me in. Just want to go back to the Permian egress solution. You mentioned FID by the end of this year, potentially. Just curious how you think about markets in 2026. Consensus seems to be like ’26 is when we’ll need a new pipe. So curious on if you kind of agree with that. And is the two-year timeframe what you guys are hearing to build another gas egress pipe?
Bobby Muraro: This is Bobby. Yes, no, I think we’ve reiterated that on multiple calls, we see ’26 as the year for a need for another full pipe out of the basin, whether that’s earlier in the year or later in the year, we’ll be prepared for whatever that answer is as we move forward in time. And I think generally speaking, yes, the 24 months from FID is kind of the number that everybody talks about. Sometimes you talk about 26, maybe it’s 22 and maybe it’s 28. But 24 is the good guideline that I think the whole industry uses for the construction of that pipe. So – and yes, I’m fully confident that that will go – something will go FID in the year that solves the ’26 basin issue.
Zack Van Everen: Got it. Perfect. Thank you for that. And then flipping over to propane, just want to get your views for the rest of the year. We’ve seen production come in pretty hot and storage is still over the five years. So just want to get your views there. And then if you could remind us of how much marketing you guys have on the docks that can capture that international spread.
Scott Pryor: Zack, this is Scott. We’ve certainly seen increased production really across the board as it relates to the attitude of production coming out of the Permian as a whole from a U.S. production perspective. The draws of late have been relatively weak if you will. So yes, we’re kind of seeing year-on-year similar type inventories. And that’s the reason why I think you’re also seeing max levels, if you will, or high utilization levels of exports across the dock, whether it’s us or even the competition in the marketplace. Some of that’s going to get solved by some of the expansion projects that have already been announced. Of course, we have a small complementary one that we just announced this morning. So folks will be gearing up to push that, – push those across the dock.
Basically, product will have to get price to move typically onto the water. And that will aid in developing other marketplaces, really across the globe, whether you’re feeding, again, domestic use, petrochemical use, or PDH use. And I fully anticipate that to continue. We continue to hear that the shipping industry also is adding ships to accommodate the need for those types of movements as well. So I think we will all see a benefit of that as we move forward in time.
Zack Van Everen: Perfect. Thanks, guys.
Matt Meloy: All right. Thank you.
Operator: Thank you. This does conclude the question-and-answer session of today’s program. I’d like to hand the program back to Sanjay for any further remarks.
Sanjay Lad: Thanks to everyone that was on the call this morning, and we appreciate your interest in Targa Resources. The IR team will be available for any follow-up questions you have. Have a great day.
Operator: Thank you, ladies and gentlemen, for your participation in today’s conference. This does conclude the program. You may now disconnect. Good day.
