Targa Resources Corp. TRGP

What this company does

Targa Resources Corp. gathers, compresses, treats, processes, transports, and purchases and sells natural gas; transports, stores, fractionates, treats, and purchases and sells NGLs and NGL products, including services to LPG exporters; and gathers, stores, terminals, and purchases and sells crude oil. It operates in two primary segments: Gathering and Processing, and Logistics and Transportation, also referred to as its Downstream Business. The Gathering and Processing segment includes assets used to gather and/or purchase and sell natural gas produced from oil and gas wells, remove impurities and process the raw natural gas into merchantable natural gas by extracting NGLs, as well as assets used for the gathering, terminaling and/or purchase and sale of crude oil. The Gathering and Processing segment's assets are located in the Permian Basin of West Texas and Southeast New Mexico, the Eagle Ford Shale in South Texas, the Barnett Shale in North Texas, the Anadarko, Ardmore and Arkoma Basins in Oklahoma and South Central Kansas, the Williston Basin in North Dakota, and the onshore and near offshore regions of the Louisiana Gulf Coast. The Logistics and Transportation segment includes the activities and assets used to convert mixed NGLs into NGL products, along with other assets and services such as transporting, storing, fractionating, terminaling and marketing of NGLs and NGL products, including services to LPG exporters and natural gas supply and marketing activities supporting its other businesses. Its Downstream facilities are located predominantly in Mont Belvieu and Galena Park, Texas, and in Lake Charles, Louisiana. Targa Resources Corp. is a publicly traded Delaware corporation formed in October 2005.

Written from the business description in TARGA RESOURCES CORP.'s annual report to the U.S. Securities and Exchange Commission, filed 19 February 2026. Every sentence was checked against that document before publication.