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Targa Resources Corp (Targa) is an independent midstream oil and gas company. Its business operations include gathering, compressing, treating, processing, and selling natural gas; storing, fractionating, treating, transporting, and selling natural gas liquids (NGLs) and NGL products; gathering, storing, terminaling and selling crude oil; and storing, terminaling, and selling refined petroleum products. Targa owns, operates, acquires, and develops portfolio of complementary midstream energy assets. The company operates field gas gathering and processing assets in the Permian Basin; the Eagle Ford Shale; Anadarko, Ardmore and Arkoma Basin in Oklahoma; the Williston Basin in North Dakota; and the Barnett Shale in North Texas. Targa is headquartered in Houston, Texas, the US.

Headquarters United States of America

Address 1000 Louisiana Street, Suite 4300, Targa Resources Partners Lp, Houston, Texas, 77002


Telephone 1 713 5841000

No of Employees 2,430

Industry Energy and Utilities

Ticker Symbol & Exchange TRGP (NYSE)

Revenue (2020) $16.9B 105.2% (2020 vs 2019)

EPS XXX

Net Income (2020) XXX 104.6% (2020 vs 2019)

Market Cap* $14.5B

Net Profit Margin (2020) XXX 102.2% (2020 vs 2019)

* As of and is in US$

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Midstream

Locate nearest infrastructure with midstream projects linked to related assets across the value chain including refineries, pipelines, LNG plants, and storage sites.

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Products and Services

Services
Gathering
Compressing
Treating
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XXX
XXX
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History

History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.

Year Event Description
2022 Contracts/Agreements In June, the company signed an agreement through its subsidiary Targa to acquire Lucid Energy Delaware, LLC from Riverstone Holdings LLC and Goldman Sachs Asset Management for US$3.55 billion.
2022 Stake Sale In May, the company sold 25% stake in Gulf Coast Express Pipeline to ArcLight Capital Partners, LLC for US$857 million.
2022 Acquisitions/Mergers/Takeovers In April, the company announced acquisition of Southcross Energy Operating LLC for US$200 million.
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Competitor Comparison

Key Parameters Targa Resources Corp Enbridge Inc ONEOK Partners LP EnLink Midstream Llc Enable Midstream Partners LP
Headquarters United States of America Canada United States of America United States of America United States of America
City Houston Calgary Tulsa Dallas Oklahoma City
State/Province Texas Alberta Oklahoma Texas Oklahoma
No. of Employees 2,430 10,900 2,384 1,073 1,706
Entity Type Public Public Private Public Private
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Executives
Name Position Board Since Age
Paul W. Chung Chairman Executive Board 2021 62
Matthew J. Meloy Chief Executive Officer; Director Executive Board 2020 44
Jennifer R. Kneale Chief Financial Officer Senior Management 2018 43
Julie H. Boushka Senior Vice President; Chief Accounting Officer Senior Management 2019 59
Robert M. Muraro Chief Commercial Officer Senior Management 2018 45
Non Dignissim Eros Proin vel Convallis 2022 XX
Non Dignissim Eros Proin vel Convallis 2022 XX
Non Dignissim Eros Proin vel Convallis 2022 XX
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