Targa Resources (NYSE: TRGP) is a leading midstream energy infrastructure company operating across key hydrocarbon-producing regions in the United States. The company provides comprehensive services encompassing the gathering, processing, transportation and storage of natural gas, natural gas liquids (NGLs) and crude oil. Through an integrated network of pipelines, processing plants, fractionators and storage facilities, Targa Resources supports production activities, connecting upstream operators with downstream markets and end-users.
Targa’s operations are concentrated in the Gulf Coast, South Texas and Mid-Continent regions, where it has built extensive infrastructure to handle increasing volumes of natural gas and NGLs. The company’s assets include cryogenic processing units, NGL fractionation and stabilization facilities, salt-dome and above-ground storage caverns, as well as deepwater marine terminals. Targa also offers marketing and logistics solutions, leveraging its pipeline network and transportation capabilities—via truck, rail and marine vessels—to deliver NGL products to customers both domestically and internationally.
Founded in the mid-2000s, Targa Resources evolved from a master limited partnership into a publicly traded corporation in 2015, positioning itself as a fully integrated midstream provider. Over time, the company has grown through strategic acquisitions and organic project development, broadening its footprint and enhancing service offerings. Under the leadership of President and Chief Executive Officer Matthew J. Meloy, Targa continues to focus on capital discipline, operational excellence and the development of high-return infrastructure projects that support long-term energy markets.
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