Targa Resources (NYSE: TRGP) — Company Overview, News & Financial Data
Targa Resources is a midstream energy company focused on natural gas gathering and processing in the Permian Basin.
Targa Resources
Targa Resources is a leading North American provider of midstream energy services, specializing in the gathering, processing, treating, transporting, and storing of natural gas, natural gas liquids, crude oil, and refined products. The company's operations are divided into two primary business segments: Gathering and Processing, and Logistics and Transportation. Its extensive infrastructure network spans major domestic energy producing basins across North America, including the Permian Basin, Eagle Ford Shale, and Mid-Continent regions, connecting upstream natural gas producers with end-use markets, export terminals, and chemical facilities.
Snapshot
Operations
Products and/or services of Targa Resources
- Natural Gas Gathering and Processing: Gathering raw natural gas from wellheads across the Permian Basin, Mid-Continent, and Eagle Ford Shale through extensive pipeline networks, followed by compression, dehydration, and processing to remove impurities and separate natural gas liquids.
- Natural Gas Liquids Logistics and Transportation: Transporting mixed natural gas liquids via long-haul pipeline systems from regional processing facilities in Texas, New Mexico, and Oklahoma directly to major fractionating and storage hubs along the United States Gulf Coast.
- NGL Fractionation Services: Processing mixed raw natural gas liquid streams at large-scale fractionation facilities into purity NGL products, including ethane, propane, normal butane, isobutane, and natural gasoline for petrochemical, industrial, and export markets.
- LPG Export Terminal Operations: Operating marine export terminals along the Gulf Coast to load and export purity natural gas liquids, primarily propane and butane, onto ocean-going vessels bound for international petrochemical and heating markets.
- Crude Oil Gathering and Terminaling: Transporting and storing crude oil using interconnected pipeline networks, storage tanks, and truck loading facilities across key production basins, providing gathering, blending, and terminaling services for regional upstream energy producers.
- Natural Gas Transmission and Storage: Operating natural gas transmission pipelines and underground storage facilities that transport pipeline-quality dry natural gas from processing plants to intrastate and interstate markets, power plants, and industrial consumers.
Targa Resources executive team
- Mr. Matthew J. MeloyCEO & Director
- Ms. Jennifer R. KnealePresident
- Mr. D. Scott PryorPresident of Logistics & Transportation
- Mr. Patrick J. McDoniePresident of Gathering & Processing
- Mr. Robert M. MuraroChief Commercial Officer
- Mr. William A. ByersChief Financial Officer
- Mr. John Christopher EklofSenior VP & Chief Accounting Officer
- Mr. Tristan James RichardsonVP of Investor Relations & Fundamentals
- Mr. Gerald R. ShraderExecutive VP, General Counsel & Secretary
- Mr. Denny LathamExecutive Vice President of Permian