Targa Resources Corp - Company Profile
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Business Description
Targa Resources Corp (Targa), an independent midstream oil and gas company, owns, operates, acquires, and develops a diversified portfolio of complementary midstream energy assets. Targa is primarily involved in gathering, compressing, treating, processing, transporting, and purchasing and selling natural gas; transporting, storing, fractionating, treating, and purchasing and selling NGLs and NGL products, including services to LPG exporters; and gathering, storing, terminaling, and purchasing and selling crude oil.
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Business Segments
Overview
Assets include gathering and processing systems for natural gas and gathering and terminaling facilities of crude oil. The segment operates in the Permian Basin of West Texas and Southeast New Mexico, the Eagle Ford Shale in South Texas, the Barnett Shale in North Texas, the Anadarko, Ardmore, and Arkoma Basins in Oklahoma and South Central Kansas, the Williston Basin in North Dakota, and the Louisiana Gulf Coast. In FY2025, the segment incurred a capital expenditure of US$2046.1 million, which grew 4.6% YoY.
Performance
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Overview
Assets include fractionators, natural gasoline hydrotreater, storage and terminaling facilities, and transportation and distribution infrastructure. Owns interest in Grand Prix pipeline, Gulf Coast Express Pipeline. Associated assets are based mainly in Mont Belvieu and Galena Park, Texas, and in Lake Charles, Louisiana. Owns or commercially manages terminal facilities in Texas, Oklahoma, Louisiana, Arizona, California, Florida, Alabama, Mississippi, Tennessee, Kentucky and New Jersey, Offers value-added services such as storing, distributing and marketing of NGLs, storage of refined petroleum products and crude oil and certain natural gas supply and marketing activities. In FY2025, the segment incurred a capital expenditure of US$1372.2 million, which grew 12.8% YoY.
Performance
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Overview
Includes unrealized mark-to-market gains/losses related to derivative contracts that were not designated as cash flow hedges.
Performance
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