Targa Resources Corp.
0LD9.L
London Stock Exchange262.84
USD
+5.06
- -
Targa Resources Corp.
0LD9.L
(London Stock Exchange)
Recent
price
262.84
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Similar Companies
- Business
- Targa Resources Corp. (NYSE: TRGP; LSE: 0LD9) operates as a leading midstream energy company, providing a diverse portfolio of energy-related services including gathering, processing, transportation, and marketing of natural gas, natural gas liquids (NGLs), and crude oil. The company gathers and processes natural gas from producers in key U.S. basins such as the Permian, Eagle Ford, and Bakken; fractionates and stores NGLs at its Badlands and Targa MacSphere facilities; and transports commodities through its extensive pipeline systems, terminals, and export capabilities. Core offerings encompass interstate and intrastate pipelines like the Naylon and HOSS systems; NGL fractionation and export terminals in Houston and Galena Park, Texas; crude oil gathering and terminals; and marketing services for residues, NGLs, and crude across North America. Headquartered in Houston, Texas, and founded in 2005 through a combination of predecessor entities, Targa Resources conducts operations primarily in the United States, with significant presence in Texas, North Dakota, Louisiana, and New Mexico, serving producers, utilities, and industrial customers. In recent developments, the company expanded its Permian Basin footprint through the 2024 acquisition of Lucid Energy Group, adding over 1,000 miles of pipelines and enhancing processing capacity; announced a major long-term partnership with ExxonMobil for NGL supply and fractionation; and launched expansions to its Targa MacSphere NGL complex, increasing fractionation capacity to over 1 million barrels per day amid rising demand from U.S. LNG exports.