Targa Resources Inc (TRGP)

Targa Resources Corp. (TRGP) is a leading provider of midstream services and is one of the largest independent midstream energy companies in North America. The company primarily engages in gathering, compressing, treating, and processing natural gas and natural gas liquids, along with storing, fractionating, and transporting these products. They are also involved in purchasing, selling, and distributing natural gas liquids products as well as offering crude oil gathering and terminals services, logistics, and marketing for the petroleum industry.

Founded in 2005, Targa Resources Corp. is headquartered in Houston, Texas and operates extensive networks of integrated midstream assets, including pipeline systems, processing and fractionation plants, and export facilities. The company has successfully grown organically and through strategic mergers and acquisitions to become a major player within the midstream sector of the energy market.

By the end of 2019, the company owned and operated a diverse network of complementary midstream energy assets that facilitated the transport of natural gas from some of the most prolific onshore and offshore producing areas in the United States. The company's reach is vast; its coverage extends to premier basins such as the Permian Basin of west Texas and New Mexico, the Eagle Ford Shale in South Texas, the Marcellus and Utica Shales in the Northeast, the Barnett Shale in North Texas, the STACK and SCOOP in Central Oklahoma, as well as the Louisiana coast and offshore Gulf of Mexico basins.

Targa Resources Corp. operates under two primary divisions, Gathering and Processing, and Logistics and Marketing. The Gathering and Processing segment of TRGP focuses on the sourcing of natural gas and natural gas liquids from producers, and its subsequent gathering, compressing, treating, and processing. On the other hand, the Logistics and Marketing division concentrates on the transportation and wholesale marketing of these energy products.

As an industry leader, Targa Resources Corp. plays a critical role in helping to meet the growing demand for energy in the United States. They focus on operational excellence, safety, efficiency, and environmental stewardship in all their operations. The company strives to create significant value for its investors, customers, employees, and communities while building on its foundation of integrity, innovation, and excellence.

Targa Resources Corp. is committed to the principles of sustainability, understanding that their long-term success ties to the social, economic, and environmental impact they have on the communities they serve. They have made it their mission to provide clean, safe, efficient, and cost-effective energy solutions to their clients, while maintaining strong corporate governance and transparency. With this dedication and commitment, TRGP continues leading the way in the midstream energy sector.