Targa Resources

Targa Resources Corp. (NYSE: TRGP) is an American midstream energy infrastructure company headquartered in Houston, Texas. Founded in 2005, the company owns and operates a diverse portfolio of natural gas, natural gas liquids (NGL), and crude oil assets across key U.S. production basins, particularly the Permian Basin and the Gulf Coast. Targa operates two main segments: Gathering and Processing, and Logistics and Transportation. These operations encompass natural gas gathering, compression, treatment, processing, fractionation, storage, terminaling, and marine export services. In 2024, Targa generated annual revenues exceeding $20 billion, supported by strong commodity volumes and expanding connectivity infrastructure. The company’s integrated value chain enables end-to-end energy logistics, from wellhead to market. Targa has also grown its export and LPG operations to serve international markets, maintaining investment-grade ratings and emphasizing operational safety, environmental compliance, and disciplined capital allocation.