(TRGP) Targa Resources - Ratings and Ratios

Targa Resources Corp. (NYSE:TRGP) is a leading midstream energy company specializing in the infrastructure for natural gas, natural gas liquids (NGLs), and crude oil across North America. Through its subsidiary, Targa Resources Partners LP, the company operates an integrated network of assets designed to gather, process, transport, store, and market these hydrocarbons. Its operations are divided into two primary segments: Gathering and Processing, and Logistics and Transportation. The company plays a critical role in connecting wellhead production to downstream markets, including petrochemical plants, refineries, and export terminals.

Targa Resources infrastructure includes extensive pipelines, processing plants, fractionation facilities, and storage terminals. The company also provides value-added services such as NGL balancing, propane sales, and logistics solutions for retailers and industrial users. As of December 31, 2024, its fleet includes 531 leased railcars, 131 tractors, 6 vacuum trucks, 2 pressurized NGL barges, and 8 owned tractors, underscoring its operational scale and reach. Headquartered in Houston, Texas, Targa Resources was incorporated in 2005 and has established itself as a key player in North Americas midstream energy sector.

Looking ahead, Targa Resources is well-positioned to benefit from growing demand for natural gas and NGLs, driven by global energy transitions and petrochemical expansion. Its strategic footprint in the Gulf Coast and other key shale plays provides a competitive advantage. The companys focus on operational efficiency and customer service further enhances its market position.