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.
Targa Resources Corp premium industry data and analytics
Products and Services
Services |
---|
Gathering |
Compressing |
Treating |
XYZ |
XYZ |
XYZ |
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. |
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 |
Key Financial Charts
Sales Growth
Net Income Growth
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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