Targa Resources Corp - Company Profile
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Business Description
Targa Resources Corp (Targa), an independent midstream oil and gas company, owns, operates, acquires, and develops a diversified portfolio of complementary midstream energy assets.
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Business Segments
Overview
Assets include gathering and processing systems for natural gas and gathering and terminaling facilities of crude oil. Assets are based in the Permian Basin of West Texas and Southeast New Mexico; Eagle Ford Shale in South Texas; Barnett Shale in North Texas; Anadarko, Ardmore, and Arkoma Basins in Oklahoma and South Central Kansas; the Williston Basin in North Dakota and onshore and near offshore regions of the Louisiana Gulf Coast and the Gulf of Mexico. Operations consist of Permian Midland, Permian Delaware, SouthTX, North Texas, SouthOK, WestOK, Coastal and Badlands. In FY2022, the segment’s capital expenditure stood at US$918.1 million which increased 94.6% YoY.
Performance
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Overview
Assets include fractionators, natural gasoline hydrotreater, storage and terminaling facilities, and transportation and distribution infrastructure. Owns interest in Grand Prix pipeline, Gulf Coast Express Pipeline. Associated assets are based mainly in Mont Belvieu and Galena Park, Texas, and in Lake Charles, Louisiana. Owns or commercially manages terminal facilities in Texas, Oklahoma, Louisiana, Arizona, California, Florida, Alabama, Mississippi, Tennessee, Kentucky and New Jersey, Offers value-added services such as storing, distributing and marketing of NGLs, storage of refined petroleum products and crude oil and certain natural gas supply and marketing activities. In FY2022, the segment’s capital expenditure stood at US$453.0 million, which increased 480.0% YoY.
Performance
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