Targa Resources Overview

  • Year Founded
  • 2003

Year Founded

  • Status
  • Public

  • Employees
  • 3,186

Employees

  • Stock Symbol
  • TRGP

Stock Symbol

  • Investments
  • 25

  • Share Price
  • $121.48
  • (As of Wednesday Closing)

Targa Resources General Information

Description

Targa Resources is a midstream firm that primarily operates gathering and processing assets with substantial positions in the Permian, Stack, Scoop, and Bakken plays. It has fractionation capacity at Mont Belvieu and operates a liquefied petroleum gas export terminal. The Grand Prix natural gas liquids pipeline is another important asset.

Contact Information

Formerly Known As
Targa Resources Investments, Targa Resources, Inc
Ownership Status
Publicly Held
Financing Status
Formerly PE-Backed
Primary Industry
Energy Infrastructure
Other Industries
Energy Transportation
Stock Exchange
NYS
Corporate Office
  • 811 Louisiana
  • Suite 2100
  • Houston, TX 77002
  • United States
+1 (713) 000-0000

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Targa Resources Stock Performance

(As of Wednesday Closing)

Stock Price Previous Close 52 wk Range Market Cap Shares Average Volume EPS
$121.48 $121.10 $69.86 - $122.24 $26.9B 222M 1.53M $4.89

Targa Resources Financials Summary

In Thousands,
USD
TTM 31-Mar-2024 FY 2023 31-Dec-2023 FY 2022 31-Dec-2022 FY 2021 31-Dec-2021
EV 39,660,724 34,057,990 30,050,091 22,484,083
Revenue 16,102,200 16,060,300 20,929,800 16,949,800
EBITDA 3,785,800 3,959,900 3,205,300 1,695,400
Net Income 1,124,100 1,345,900 1,195,500 71,200
Total Assets 20,846,100 20,671,800 19,560,000 15,208,200
Total Debt 13,132,600 13,010,400 11,565,000 6,631,700
Public Fundamental Data provided by Morningstar, Inc. disclaimer

Targa Resources Valuation & Funding

Deal Type Date Amount Valuation/
EBITDA
Post-Val Status Debt

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Targa Resources Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Targa Resources is a midstream firm that primarily operates gathering and processing assets with substantial positions i
Energy Infrastructure
Houston, TX
3,186 As of 2023
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Houston, TX
0000 As of 0000
000.00
000000000 00 000.00

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Dallas, TX
0000 As of 0000
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Targa Resources Competitors (20)

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Plains All American Pipeline Formerly PE-Backed Houston, TX 0000 000.00 000000000 00 000.00
EnLink Midstream Private Equity-Backed Dallas, TX 0000 00000 000000000000 00000
Western Midstream Partners Corporation The Woodlands, TX 0000 000.00 000000 - 000
Summit Midstream Partners Formerly PE-Backed Houston, TX 000 00.000 000000000 00.000
TC Energy Private Debt Financed Calgary, Canada 0000 000.00 00000000. 00 000.00
You’re viewing 5 of 20 competitors. Get the full list »

Targa Resources Patents

Targa Resources Recent Patent Activity

Publication ID Patent Title Status First Filing Date Technology (CPC) Citations
US-20100331582-A1 Process and catalyst for converting alkanes Active 01-Oct-2008 000000000 0

Targa Resources Executive Team (25)

Name Title Board Seat Contact Info
Matthew Meloy Chief Executive Officer & Board Member
D. Scott Pryor President
Patrick McDonie President
Jennifer Kneale Chief Financial Officer, Finance
Julie Boushka Chief Accounting Officer, Accounting & Senior Vice President
You’re viewing 5 of 25 executive team members. Get the full list »

Targa Resources Board Members (20)

Name Representing Role Since
0000 000000 Targa Resources Board Member 000 0000
00000 0000000 Targa Resources Board Member 000 0000
0000000 00000 Targa Resources Board Member 000 0000
000 0000000 Targa Resources Board Member 000 0000
00000 000000 Targa Resources Board Member 000 0000
You’re viewing 5 of 20 board members. Get the full list »

Targa Resources Signals

Growth Rate

0.80% Weekly
Growth
Weekly Growth 0.80%, 93rd %
-35.5%. 530%

Size Multiple

219x Median
Size Multiple 219x, 100th %ile
0.00x 0.95x. 413Kx

Key Data Points

Twitter Followers

5.5k

Similarweb Unique Visitors

15.0K

Majestic Referring Domains

314

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Targa Resources Investments & Acquisitions (25)

Company Name Deal Date Deal Type Deal Size Industry Lead Partner
Grand Prix NGL Pipeline 09-Jan-2023 000000000 00.000 Other Energy 0000000 0
Lucid Energy Group 29-Jul-2022 0000000000 00.000 Energy Refining 0000000 0
Southcross Energy Operating 21-Apr-2022 0000000000 00000 Energy Transportation 00000000
Energy Exploration (Stonepeak Infrastructure Partners / Targa Resources) 14-Jan-2022 0000000000 00000 Energy Infrastructure 00000000
Grand Prix NGL Pipeline 14-Jan-2022 Secondary Transaction - Private Other Energy
You’re viewing 5 of 25 investments and acquisitions. Get the full list »

Targa Resources ESG

Risk Overview

Risk Rating

Updated May, 31, 2024

31.92 | High Risk

Risk Scale

A lower score indicates better sustainability

Negl

0-10

Low

10-20

Med

20-30

High

30-40

Severe

40+

Exposure

Exposure refers to the extent to which a company is exposed to different material ESG issues

00.00

Management

Management is related to actions taken to manage ESG issues

00.00

Peers Analysis

Peer performance insights compare the company’s ESG performance to the performance of selected peers to help inform future ESG decisions and drive internal performance improvements.

Global

Covered Companies

00 of 16,191

Rank

00.00

Percentile

Refiners & Pipelines

Industry

00 of 203

Rank

00.00

Percentile

Oil & Gas Storage and Transportation

Subindustry

00 of 113

Rank

00.0

Percentile

To view Targa Resources’s complete esg history, request access »

Targa Resources Exits (7)

Company Name Exit Date Exit Type Exit Size Status Buyers
Gulf Coast Express Pipeline 14-Jan-2022 000000000 00000000 Completed
  • 00000 000000000
Gulf Coast Express Pipeline 01-Jan-2018 00000 0000000 Completed
  • 4 buyers
Venice Energy Services 31-Jul-2008 0000000000 Completed
  • 2 buyers
Floridian Natural Gas Storage 30-Jun-2008 0000000000 Completed
  • 2 buyers
Bridgeline Holdings 16-Dec-2004 Secondary Transaction - Private 00000 Completed
You’re viewing 5 of 7 exits. Get the full list »

Targa Resources FAQs

  • When was Targa Resources founded?

    Targa Resources was founded in 2003.

  • Who is the founder of Targa Resources?

    Rene Joyce and Roy Johnson are the founders of Targa Resources.

  • Who is the CEO of Targa Resources?

    Matthew Meloy is the CEO of Targa Resources.

  • Where is Targa Resources headquartered?

    Targa Resources is headquartered in Houston, TX.

  • What is the size of Targa Resources?

    Targa Resources has 3,186 total employees.

  • What industry is Targa Resources in?

    Targa Resources’s primary industry is Energy Infrastructure.

  • Is Targa Resources a private or public company?

    Targa Resources is a Public company.

  • What is Targa Resources’s stock symbol?

    The ticker symbol for Targa Resources is TRGP.

  • What is the current stock price of Targa Resources?

    As of 12-Jun-2024 the stock price of Targa Resources is $121.48.

  • What is the current market cap of Targa Resources?

    The current market capitalization of Targa Resources is $26.9B.

  • What is Targa Resources’s current revenue?

    The trailing twelve month revenue for Targa Resources is $16.1B.

  • Who are Targa Resources’s competitors?

    Plains All American Pipeline, EnLink Midstream, Western Midstream Partners, Summit Midstream Partners, and TC Energy are some of the 20 competitors of Targa Resources.

  • What is Targa Resources’s annual earnings per share (EPS)?

    Targa Resources’s EPS for 12 months was $4.89.

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