Sector: Energy | Industry: Oil & Gas Transportation Services |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 1000 LOUISIANA STREET SUITE 4300, TARGA RESOURCES PARTNERS LP HOUSTON TX 77002 |
Tel: | N/A |
Website: | https://www.targaresources.com |
IR: | See website |
Key People | ||
Matthew J. Meloy Chief Executive Officer, Director | Jennifer R. Kneale Chief Financial Officer | Patrick J. Mcdonie President - Gathering and Processing |
D. Scott Pryor President - Logistics and Transportation | Gerald R. Shrader Executive Vice President, General Counsel, Company Secretary | Julie H. Boushka Senior Vice President, Chief Accounting Officer | Robert M. Muraro Chief Commercial Officer |
Business Overview |
Targa Resources Corp. is a provider of midstream services in North America. The Company owns, operates, acquires and develops a diversified portfolio of complementary domestic midstream infrastructure assets and delivers energy across the United States. The Company is engaged in the business of gathering, compressing, treating, processing, transporting, and purchasing and selling natural gas; transporting, storing, fractionating, treating, and purchasing and selling natural gas liquids (NGLs) and NGL products, including services to liquefied petroleum gas (LPG) exporters; and gathering, storing, terminaling, and purchasing and selling crude oil. Its segments are Gathering and Processing, and Logistics and Transportation. Gathering and Processing segment includes assets used in the gathering and/or purchase and sale of natural gas produced from oil and gas wells. Logistics and Transportation segment includes the activities and assets necessary to convert mixed NGLs into NGL products. |
Financial Overview |
For the three months ended 31 March 2024, Targa Resources Corp revenues increased 1% to $4.56B. Net income applicable to common stockholders increased from $6.3M to $273M. Revenues reflect Logistics and Transportation segment increase of 4% to $3.9B, Gathering and processing segment increase of 13% to $686M. Net income benefited from Gathering and processing segment income increase of 3% to $556.4M. |
Employees: | 3,182 as of Dec 31, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $38,044M as of Mar 31, 2024 |
Annual revenue (TTM): | $16,102M as of Mar 31, 2024 |
EBITDA (TTM): | $3,783M as of Mar 31, 2024 |
Net annual income (TTM): | $1,094M as of Mar 31, 2024 |
Free cash flow (TTM): | -$119.90M as of Mar 31, 2024 |
Net Debt Last Fiscal Year: | $12,946M as of Mar 31, 2024 |
Shares outstanding: | 221,716,505 as of Apr 26, 2024 |
Index Membership: | S&P 500 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |