TRGP 📈 Targa Resources - Overview

Targa Resources Inc, a key player in the North American energy landscape, operates a diverse portfolio of midstream infrastructure assets, which are crucial for the efficient transportation and processing of natural gas and natural gas liquids (NGLs). Through its subsidiary, Targa Resources Partners LP, the company has established a robust presence in the industry, with a focus on two primary segments: Gathering and Processing, and Logistics and Transportation. This strategic setup enables Targa Resources to provide a wide range of services, including the gathering, compression, treatment, and processing of natural gas, as well as the storage, fractionation, treatment, transportation, and sale of NGLs and NGL products.

The company's operations are multifaceted, involving the gathering, storage, and sale of crude oil, in addition to the purchase and resale of NGL products. Targa Resources also offers propane sales, along with related logistics services, to a diverse customer base comprising multi-state retailers, independent retailers, and other end-users. Furthermore, the company provides NGL balancing services, which are essential for maintaining the equilibrium of NGL supplies in the market. Its transportation services cater to refineries and petrochemical companies in the Gulf Coast area, while also engaging in the purchase, marketing, and resale of natural gas. This integrated approach allows Targa Resources to optimize its operations, capitalize on market opportunities, and maintain a competitive edge in the industry.

As of December 31, 2023, Targa Resources managed an extensive fleet of equipment, including approximately 605 railcars, 137 tractors, 6 vacuum trucks, and 2 pressurized NGL barges. This significant investment in infrastructure underscores the company's commitment to its operations and its dedication to providing reliable services to its customers. With its headquarters in Houston, Texas, Targa Resources is strategically positioned to navigate the complexities of the North American energy market. The company's website, https://www.targaresources.com, provides detailed information on its operations, services, and corporate governance. As a publicly traded company, Targa Resources is listed on the New York Stock Exchange (NYSE) under the ticker symbol TRGP, with the ISIN US87612G1013, and is classified under the GICS Sub Industry: Oil & Gas Storage & Transportation.