Targa Resources Corp (N:TRGP)

Business Focus: Oil & Gas Transportation Services

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
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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

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