Targa Resources Corp. is a provider of midstream natural gas and natural gas liquids services in the United States.
Targa Resources Corp., along with its subsidiary Targa Resources Partners LP, is a leading player in the midstream energy sector across North America. The company operates through two primary segments: Gathering and Processing, and Logistics and Transportation. Its operations encompass a comprehensive range of activities including the gathering, compressing, treating, processing, and transportation of natural gas. Targa Resources Corp. also plays a significant role in the market for natural gas liquids (NGL) and NGL products, providing storage, fractionation, terminaling, and logistics services crucial to liquefied petroleum gas exporters.
In addition to its natural gas and NGL operations, Targa Resources Corp. engages in the purchase, resale, and wholesale distribution of propane, alongside offering related logistics services to a diverse client base including multi-state retailers and independent end-users. The company is deeply involved in providing NGL balancing services and transportation solutions to refineries and petrochemical companies primarily in the Gulf Coast region. Furthermore, Targa Resources Corp. operates an extensive infrastructure network comprising approximately 28,400 miles of natural gas pipelines and 42 processing plants, reinforcing its pivotal role in the energy value chain.
Headquartered in Houston, Texas, Targa Resources Corp. was established in 2005 and has since grown to manage a portfolio that includes 34 storage wells with a gross capacity of about 76 million barrels. With a commitment to operational excellence and strategic growth initiatives, the company continues to strengthen its position as a key provider of midstream energy solutions in North America's dynamic energy landscape.