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Targa Resources

Stock Price

$144.5

2024-08-19

Market Capitalization

$31.7 B

2024-08-19

Revenue

$16.1 B

FY, 2023

Targa Resources Summary

Company Summary

Overview
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. 
Type
Public
Status
Active
Founded
2006
HQ
Houston, TX, US | view all locations
Website
http://www.targaresources.com/
Cybersecurity rating
ESG rating
50-59 out of 100|View all ESG data
Sectors

Key People

  • Matthew J. Meloy, Chief Executive Officer

    • Patrick J. McDonie, President – Gathering and Processing

      • Julie H. Boushka, Chief Accounting Officer

      • Robert M. Muraro, Chief Commercial Officer

      Operating MetricsView all

      Benzene Treating Volumes (Logistics and Marketing), MBbl/d

      3.3
      84.7%

      FY, 2018

      Export Volumes (Logistics and Marketing), MBbl/d

      253.8
      9.6%

      Q2, 2020

      NGL Sales (Logistics and Marketing), MBbl/d

      692.6
      14.4%

      Q2, 2020

      LocationsView all

      1 location detected

      • Houston, TX HQ

        United States

        811 Louisiana St #2100

      Targa Resources Financials

      Summary Financials

      Revenue (Q1, 2024)
      $4.6B
      Gross profit (Q1, 2024)
      $1.3B
      Net income (Q1, 2024)
      $332.6M
      Cash (Q1, 2024)
      $109.9M
      EBIT (Q1, 2024)
      $639.4M
      Enterprise value
      $43.8B

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