TRGP - Targa Resources - Stock Price & Dividends

Targa Resources Corp. is a leading midstream energy company that owns and operates a diverse portfolio of infrastructure assets across North America. Through its subsidiary, Targa Resources Partners LP, the company provides a range of services that connect natural gas and natural gas liquids (NGLs) producers with end-users, including refineries, petrochemical companies, and retailers.

The company's operations are divided into two main segments: Gathering and Processing, and Logistics and Transportation. In the Gathering and Processing segment, Targa Resources is involved in the gathering, compressing, treating, and processing of natural gas, as well as the storage, fractionation, and treatment of NGLs. The company also provides services to liquefied petroleum gas exporters and sells NGL products to various customers.

In the Logistics and Transportation segment, Targa Resources offers a range of services, including the transportation of natural gas, NGLs, and crude oil. The company also purchases and resells NGL products, and provides logistics services to retailers and other end-users. Additionally, Targa Resources offers NGL balancing services, which help to manage the supply and demand of NGLs in the market.

Targa Resources has a significant presence in the Gulf Coast area, where it provides transportation services to refineries and petrochemical companies. The company also purchases, markets, and resells natural gas, and has a fleet of railcars, tractors, and vacuum trucks that support its operations. As of December 31, 2023, Targa Resources leased and managed approximately 605 railcars, 137 tractors, and 6 vacuum trucks, as well as 2 pressurized NGL barges.

Headquartered in Houston, Texas, Targa Resources Corp. was incorporated in 2005 and has since grown to become a major player in the midstream energy sector. The company's website can be found at https://www.targaresources.com.