Targa Resources Corp - Company Profile

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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.

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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 2,850

Industry Energy and Utilities

Ticker Symbol & Exchange TRGP (NYSE)

Revenue (2022) $20.9B 23.5% (2022 vs 2021)

EPS XYZ

Net Income (2022) XYZ 1579.1% (2022 vs 2021)

Market Cap* $23.6B

Net Profit Margin (2022) XYZ 1,259.5% (2022 vs 2021)

* As of and is in US$
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Targa Resources Corp premium industry data and analytics

30+

Midstream

Midstream database provides details on global active, upcoming , decommissioned, and cancelled oil & gas pipelines, LNG regasification and liquefaction terminals, liquid storage terminals, underground gas storage facilities, and gas processing plants.

1

ICT Spend & Tech Priorities

IT Client Prospector provides intelligence on Targa Resources Corp’s likely spend across technology areas enabling you to understand the digital strategy.

Products and Services

Services
Gathering
Compressing
Treating
XYZ
XYZ
XYZ
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History

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

Year Event Description
2023 Others In October, the company commenced service on a new natural gas pipeline in the Permian Basin.
2023 Acquisitions/Mergers/Takeovers In January, the company acquired Blackstone Energy Partners’ 25% stake in Targa’s Grand Prix NGL Pipeline for US$1.05 billion.
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.
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Competitor Comparison

Key Parameters Targa Resources Corp Enbridge Inc EnLink Midstream Llc ONEOK Partners LP 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 Dallas Tulsa Oklahoma City
State/Province Texas Alberta Texas Oklahoma Oklahoma
No. of Employees 2,850 11,100 1,132 2,384 1,706
Entity Type Public Public Public Private Private
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Executives
Name Position Board Since Age
Non Dignissim Eros Proin vel Convallis 2024 XY
Non Dignissim Eros Proin vel Convallis 2024 XY
Non Dignissim Eros Proin vel Convallis 2024 XY
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