Stock Report: Targa Resources Corp. (TRGP) Report Updated: May 13, 2013 | Print This Page

Targa Resources Corp., through its general and limited partner interests in Targa Resources Partners LP, provides midstream natural gas and natural gas liquid (NGL) services in the United States. It engages in gathering, compressing, treating, processing, and selling natural gas, as well as in storing, fractionating, treating, transporting, terminaling, and selling NGLs, NGL products, refined petroleum products, and crude oil. Targa Resources also sells propane and provides related logistics services to multi-state retailers, independent retailers, and other end-users; offers NGL balancing services; purchases and resells component NGL products and natural gas; and transportation services to refineries and petrochemical companies in the Gulf Coast area. The company has approximately 1,400 miles of natural gas gathering pipelines in west Texas; 3,200 miles of natural gas gathering pipelines in southeastern New Mexico; 1,138 miles of low pressure gathering pipelines in west Texas; 528 miles high-pressure gathering pipelines in west Texas; 2 interconnected gathering systems with 4,200 miles of pipelines in north Texas; and 875 miles of gathering system pipelines covering 3,800 square miles in southwest Louisiana. It also owns or operates 39 storage wells with a net storage capacity of approximately 64 million barrels. In addition, the company manages approximately 565 railcars; 74 owned and leased transport tractors and 100 company-owned tank trailers; and 18 company-owned pressurized NGL barges. Targa Resources Corp. was founded in 2005 and is based in Houston, Texas.