Targa Resources Partners LP (Targa Resources) is an independent midstream company. Leading position at Mont Belvieu, presence in the multiple shale resource plays, improving business performance and integrated operations are the company’s strengths, even as its working capital deficit remains a cause for concern. Divestments, increasing demand for natural gas consumption in the US and increasing upstream investments could provide growth opportunities to the company. However, fluctuating oil and gas prices, market competitionand stringent regulations could affect the company’s operations.