Targa Resources Corp. (TAR)
Summary
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Targa Resources Corp. Profile
| Oil, Gas & Consumable Fuels Industry | Energy Sector | Matthew J. Meloy CEO | XDUS Exchange | US87612G1013 ISIN |
| US Country | 3,570 Employees | 30 Oct 2026 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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