Summary
TAR Chart
Targa Resources to Acquire Stakeholder Midstream for $1.25 Billion
Targa Resources agreed to acquire Stakeholder Midstream, which provides natural gas gathering and processing services in the Permian Basin, for $1.25 billion in cash.
Targa Resources (TRGP) Reports Q3 Earnings: What Key Metrics Have to Say
Although the revenue and EPS for Targa Resources (TRGP) give a sense of how its business performed in the quarter ended September 2025, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Targa Resources Corp. (TRGP) Q3 2025 Earnings Call Transcript
Targa Resources Corp. ( TRGP ) Q3 2025 Earnings Call November 5, 2025 11:00 AM EST Company Participants Tristan Richardson Matt Meloy - CEO & Director Jennifer Kneale - President William Byers - Chief Financial Officer Robert Muraro - Chief Commercial Officer D. Pryor - President of Logistics & Transportation Patrick McDonie - President of Gathering & Processing Conference Call Participants Jeremy Tonet - JPMorgan Chase & Co, Research Division Spiro Dounis - Citigroup Inc., Research Division Theresa Chen - Barclays Bank PLC, Research Division Keith Stanley - Wolfe Research, LLC Michael Blum - Wells Fargo Securities, LLC, Research Division Manav Gupta - UBS Investment Bank, Research Division Andrew John O'Donnell - Tudor, Pickering, Holt & Co. Securities, LLC, Research Division John Mackay - Goldman Sachs Group, Inc., Research Division Jean Ann Salisbury - BofA Securities, Research Division Jason Gabelman - TD Cowen, Research Division Sunil Sibal - Seaport Research Partners Brandon Bingham - Scotiabank Global Banking and Markets, Research Division Presentation Operator Thank you for standing by.
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Targa Resources Corp. Profile
| - Industry | - Sector | Matthew J. Meloy CEO | XMUN Exchange | US87612G1013 ISIN |
| US Country | 3,370 Employees | 31 Oct 2025 Last Dividend | - Last Split | 7 Dec 2010 IPO Date |
Overview
Targa Resources Corp., in collaboration with its subsidiary Targa Resources Partners LP, embarks on buying, owning, developing, and operating a diverse set of midstream infrastructure assets across North America. With its operations bifurcated into the Gathering and Processing segment alongside the Logistics and Transportation segment, the company focuses on providing an array of services in natural gas and liquids sector. Targa Resources Corp. stands as a cornerstone in the energy infrastructure domain, boasting a strategic footprint that caters to the gathering, processing, storage, and transportation needs of the industry. Incorporated in 2005 and with its headquarters rooted in Houston, Texas, the corporation leverages its extensive asset base and industry expertise to serve a wide range of customers, including multi-state retailers, independent retailers, and other end-users. As of the end of 2023, its operational assets include a significant fleet of leased and managed railcars, tractors, vacuum trucks, and pressurized NGL barges, underpinning its robust logistical capabilities.
Products and Services
- Natural Gas Services: Targa Resources Corp. specializes in natural gas gathering, compression, treatment, processing, and sales. Their infrastructure facilitates the comprehensive management of natural gas streams, enhancing the energy value chain from extraction to market.
- Natural Gas Liquids (NGL) Services: The company plays a crucial role in storing, fractionating, treating, and selling NGL and related products. This includes offering services to liquefied petroleum gas (LPG) exporters, underlining its pivotal position in the NGL market.
- Crude Oil Services: With operations geared towards the gathering, storage, terminaling, and sales of crude oil, Targa Resources Corp. ensures a seamless supply chain process for its crude oil operations, highlighting its versatility within the midstream sector.
- Propane and Related Logistics Services: It offers propane sales and logistics services catering to a broad spectrum of clients, from multi-state to independent retailers, and other end-users. This underlines Targa Resources Corp.’s commitment to meeting diverse customer needs.
- NGL Balancing and Transportation Services: The company provides NGL balancing services along with transportation offerings to refineries and petrochemical companies located in the Gulf Coast, further establishing its role as a key logistics provider in the region.
- Natural Gas and NGL Marketing and Reselling: Beyond its core services, Targa Resources Corp. is actively involved in the purchase, marketing, and resale of natural gas and NGL products, highlighting its integrated approach in the midstream sector.
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