XNYS
TRGP
Market cap61bUSD
Oct 08, Last price
288.49USD
1D
1.60%
1Q
5.54%
Jan 2017
414.52%
IPO
1,024.72%
Name
Targa Resources Corp
Chart & performance
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Profile
Targa Resources Corp., alongside its subsidiary Targa Resources Partners LP, is a significant entity in the North American midstream energy sector, focusing on the ownership, operation, acquisition, and development of crucial energy infrastructure assets. Its business is structured into two main divisions: "Gathering and Processing" and "Logistics and Transportation." Within these segments, the company undertakes a broad range of activities, including the collection, compression, treatment, processing, transport, and sale of natural gas. It also manages the storage, fractionation, treatment, transportation, and distribution of natural gas liquids (NGLs) and their associated products, providing services even to liquefied petroleum gas (LPG) exporters. Furthermore, Targa handles the gathering, storage, terminaling, purchasing, and selling of crude oil. Beyond these core operations, the company is involved in the procurement and resale of NGL products, wholesale propane distribution, and providing related logistics support to a diverse clientele, including multi-state retailers, independent businesses, and end-users. It also offers NGL balancing services and transportation solutions for refineries and petrochemical companies situated in the Gulf Coast region, while actively purchasing, marketing, and reselling natural gas. The company's extensive asset base features approximately 28,400 miles of natural gas pipelines, including 42 owned and managed processing plants, and it operates 34 storage wells with a substantial gross capacity of about 76 million barrels. As of December 31, 2021, its transportation fleet comprised approximately 648 leased and managed railcars, 119 transport tractors, and two company-owned pressurized NGL barges. Targa Resources Corp. was established in 2005 and is headquartered in Houston, Texas.
Key people
Independent Chairman of the Board · since 2023
President · since 2025
Chief Executive Officer, Director · since 2020
William Byers
Chief Financial Officer · since 2024
President - Gathering and Processing · since 2018
President - Logistics and Transportation · since 2018
J. Eklof
Senior Vice President, Chief Accounting Officer · since 2025
Gerald Shrader
Executive Vice President, General Counsel, Company Secretary · since 2023
Chief Commercial Officer · since 2018
Independent Director · since 2018
Independent Director · since 2020
Independent Director · since 2005
Independent Director · since 2015
Independent Director · since 2013
Independent Director · since 2014
Caron Lawhorn
Independent Director · since 2024
Independent Director · since 2023
Robert Teague
Independent Director · since 2024
Legal address
C/O THE CORPORATION TRUST COMPANY
CORPORATION TRUST CENTER
1209 ORANGE ST
WILMINGTON, DE 19801
US
CORPORATION TRUST CENTER
1209 ORANGE ST
WILMINGTON, DE 19801
US
Headquarters
811 LOUISIANA ST
HOUSTON, TX 77002
US
HOUSTON, TX 77002
US
Previous name
Targa Resources Investments Inc.
Valuation
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