OverviewSuggest Edit

Targa Resources is a midstream natural gas company, that operates, acquires and develops a diversified portfolio of complementary midstream energy assets. Its business activities include gathering, compressing, treating, processing and selling natural gas and oil, storing, fractionating, treating, transporting and selling NGLs and NGL products, including services to LPG exporters. The company divides its business into two segments: gathering and processing, and logistics and marketing. 

TypePublic
Founded2006
HQHouston, TX, US
Websitetargaresources.com
Employee Ratings3.8
Overall CultureF

Latest Updates

Employees (est.) (Dec 2019)2,680(+9%)
Job Openings106
Revenue (FY, 2020)$8.3 B(-4%)
Share Price (Oct 2021)$56.2
Cybersecurity ratingCMore
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Key People/Management at Targa Resources

Matthew J. Meloy

Matthew J. Meloy

Chief Executive Officer
Patrick J. McDonie

Patrick J. McDonie

President – Gathering and Processing
Julie H. Boushka

Julie H. Boushka

Chief Accounting Officer
Robert M. Muraro

Robert M. Muraro

Chief Commercial Officer
Jennifer R. Kneale

Jennifer R. Kneale

Chief Financial Officer
Paul W. Chung

Paul W. Chung

Chairman
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Targa Resources Office Locations

Targa Resources has an office in Houston
Houston, TX, US (HQ)
811 Louisiana St #2100
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Targa Resources Financials and Metrics

Targa Resources Revenue

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Targa Resources's revenue was reported to be $8.26 b in FY, 2020
USD

Revenue (Q1, 2021)

3.6b

Gross profit (Q1, 2021)

796.4m

Gross profit margin (Q1, 2021), %

21.9%

Net income (Q1, 2021)

227.9m

EBIT (Q1, 2021)

344.1m

Market capitalization (22-Oct-2021)

12.9b

Closing stock price (22-Oct-2021)

56.2

Cash (31-Mar-2021)

248.5m

EV

19.8b
Targa Resources's current market capitalization is $12.9 b.
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Revenue

8.8b10.5b8.7b8.3b

Revenue growth, %

19%(17%)

Cost of goods sold

6.9b8.2b6.1b5.1b

Gross profit

845.0m1.1b2.6b3.2b
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Revenue

2.5b2.4b3.0b2.3b2.0b1.9b2.0b1.5b2.1b3.6b

Cost of goods sold

1.9b1.9b2.4b1.7b1.4b1.3b1.2b860.6m1.3b2.8b

Gross profit

232.7m248.8m295.5m238.7m633.7m574.4m860.6m662.9m811.9m796.4m

Gross profit Margin, %

9%10%10%10%32%30%42%44%38%22%
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Cash

137.2m232.1m331.1m242.8m

Accounts Receivable

827.6m865.5m855.0m862.8m

Inventories

204.5m164.7m161.5m181.5m

Current Assets

1.3b1.4b1.7b1.5b
Quarterly
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Net Income

104.2m60.4m41.2m

Depreciation and Amortization

809.5m815.9m971.6m865.1m

Inventories

(73.2m)(13.9m)(45.0m)(27.7m)

Accounts Payable

100.2m57.2m80.8m
Quarterly
USDFY, 2017

Revenue/Employee

4.1m

Debt/Equity

0.7 x

Debt/Assets

0.4 x

Financial Leverage

2.1 x
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Targa Resources Operating Metrics

FY, 2017Q1, 2018Q2, 2018Q3, 2018FY, 2018Q1, 2019Q2, 2019Q3, 2019FY, 2019Q1, 2020Q2, 2020

Plant Natural Gas Inlet (Gathering and Processing), MMcf/d

3.47 k3.75 k3.85 k4.04 k3.94 k4.23 k4.36 k4.49 k4.44 k4.69 k4.33 k

Gross NGL Production (Gathering and Processing), MBbl/d

333.2387404.7429.4415.7462.6488.4515.7505.4552516.3

Crude Oil Gathered (Gathering and Processing), MBbl/d

143.4167.1206.4236.8211.7236.9253.6259.5255.9228198.1

Natural Gas Sales (Gathering and Processing), MBbl/d

1.67 k1.77 k1.88 k1.82 k1.87 k1.93 k2.05 k2.06 k2.02 k2.16 k2.05 k
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Targa Resources Acquisitions / Subsidiaries

Company NameDateDeal Size
Allied CNG Ventures LLC
Carnero G&P LLC
Cayenne Pipeline LLC
Cedar Bayou Fractionators LP
Centrahoma Processing LLC
DEVCO Holdings LLC
Downstream Energy Ventures Co LLC
FCPP Pipeline LLC
Flag City Processing Partners LLC
Floridian Natural Gas Storage Company LLC
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Targa Resources Revenue Breakdown

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Targa Resources revenue breakdown by business segment: 14.7% from Fees from Midstream Services and 85.3% from Sales of Commodities

Targa Resources Cybersecurity Score

Cybersecurity ratingPremium dataset

C

73/100

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Targa Resources Online and Social Media Presence

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Targa Resources Company Culture

  • Overall Culture

    F

    49/100

  • CEO Rating

    F

    34/100

  • Compensation

    B

    76/100

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Targa Resources News and Updates

Thinking about buying stock in Senseonics, Xeris Pharmaceuticals, Purple Biotech, Targa Resources, or BlackBerry?

NEW YORK, June 4, 2021 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for SENS, XERS, PPBT, TRGP, and BB. To see how InvestorsObserver's proprietary scoring system rates these stocks, view the InvestorsObserver's PriceWatch Alert by selecting the corresponding link....

Targa Resources Corp. Reports Fourth Quarter and Full Year 2020 Financial Results and Provides 2021 Operational and Financial Outlook

HOUSTON, Feb. 18, 2021 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) (“TRC”, the “Company” or “Targa”) today reported fourth quarter and full year 2020 results.

Targa Resources Partners LP Announces Expiration and Final Results of Tender Offer for Its 5 1/8% Senior Notes due 2025

HOUSTON, Feb. 01, 2021 (GLOBE NEWSWIRE) -- Targa Resources Partners LP (“Targa Resources Partners” or the “Partnership”), a subsidiary of Targa Resources Corp. (NYSE:TRGP) announced today that its previously announced cash tender offer (the “Tender Offer”) to purchase any and all of its 5 1/8% sen…

Targa Resources Corp. to Participate in U.S. Capital Advisors Midstream Conference

HOUSTON, Jan. 25, 2021 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) ("Targa" or the "Company") announced today that representatives from the Company will participate in investor meetings at the U.S. Capital Advisors Midstream Conference via video conference on Tuesday, January 26, 2021.

Targa Resources Corp. Announces Quarterly Dividends and Timing of Fourth Quarter 2020 Earnings Webcast

HOUSTON, Jan. 20, 2021 (GLOBE NEWSWIRE) -- Targa Resources Corp. (“Targa” or the “Company”) (NYSE: TRGP) announced its quarterly dividend on common shares and its quarterly dividend on Series A preferred shares with respect to the fourth quarter of 2020.

Targa Resources Partners LP Announces Tender Offer for Its 5.125% Senior Notes due 2025

HOUSTON, Jan. 19, 2021 (GLOBE NEWSWIRE) -- Targa Resources Partners LP (“Targa Resources Partners” or the “Partnership”), a subsidiary of Targa Resources Corp. (NYSE:TRGP) announced today that it has commenced a cash tender offer (the “Tender Offer”) to purchase any and all of the outstanding seni…
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Targa Resources Blogs

Targa Resources Corp. Announces Quarterly Dividends and Timing of Third Quarter 2021 Earnings Webcast

HOUSTON , Oct. 14, 2021 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) ("Targa" or the "Company") announced its quarterly dividend on common shares and its quarterly dividend on Series A preferred shares with respect to the third quarter of 2021.

Targa Resources Corp. to Participate in Wolfe Research Utilities, Midstream & Clean Energy Conference

Targa Resources Corp. to Participate in Wolfe Research Utilities, Midstream & Clean Energy Conference Content Import Wed, 09/29/2021 - 16:30 Targa Resources Corp. to Participate in Wolfe Research Utilities, Midstream & Clean Energy Conference September 29, 2021 at 4:…

Targa Resources Corp. to Participate in Barclays CEO Energy-Power Conference

HOUSTON , Sept. 07, 2021 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) ("Targa" or the "Company") announced today that representatives from the Company will participate in investor meetings via video conference at the Barclays CEO Energy-Power Conference on Wednesday, September 8, 2021 .

Targa Resources Corp. Reports Second Quarter 2021 Financial Results and Increases 2021 Financial Outlook

HOUSTON , Aug. 05, 2021 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) (“TRC”, the “Company” or “Targa”) today reported second quarter 2021 results. Second Quarter 2021 Financial Results Second quarter 2021 net income attributable to Targa Resources Corp.

Targa Resources Corp. to Participate in J.P. Morgan Energy, Power & Renewables Conference

HOUSTON , June 21, 2021 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) ("Targa" or the "Company") announced today that representatives from the Company will participate in investor meetings at the J.P. Morgan Energy, Power & Renewables Conference via video conference on Tuesday, June 22,

Targa Resources Corp. to Participate in Credit Suisse Global Energy Conference

HOUSTON , June 07, 2021 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) ("Targa" or the "Company") announced today that representatives from the Company will participate in investor meetings at the Credit Suisse Global Energy Conference via video conference on Wednesday, June 9, 2021 .
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Targa Resources Frequently Asked Questions

  • When was Targa Resources founded?

    Targa Resources was founded in 2006.

  • Who are Targa Resources key executives?

    Targa Resources's key executives are Matthew J. Meloy, Patrick J. McDonie and Julie H. Boushka.

  • How many employees does Targa Resources have?

    Targa Resources has 2,680 employees.

  • What is Targa Resources revenue?

    Latest Targa Resources annual revenue is $8.3 b.

  • What is Targa Resources revenue per employee?

    Latest Targa Resources revenue per employee is $3.1 m.

  • Who are Targa Resources competitors?

    Competitors of Targa Resources include NW Natural, Summit Midstream Partners and ONEOK.

  • Where is Targa Resources headquarters?

    Targa Resources headquarters is located at 811 Louisiana St #2100, Houston.

  • Where are Targa Resources offices?

    Targa Resources has an office in Houston.

  • How many offices does Targa Resources have?

    Targa Resources has 1 office.