About Targa Resources
Targa Resources is a company based in Houston (United States) founded in 2003. The company has 3,370 employees as of December 31, 2024. Targa Resources has completed 3 acquisitions, including Lucid Energy, Southcross Energy Operating and Stakeholder Midstream. Targa Resources offers products and services including Gathering and Processing and Logistics and Transportation. Targa Resources operates in a competitive market with competitors including Dominion Energy, Eni Next, Shell, Oxy and Naturgy, among others.
- Headquarter Houston, United States
- Employees 3370 as on 31 Dec, 2024
- Stage Public
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Sectors
Energy & Utilities
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Email
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Phone
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Website
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Social
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- Legal Name Targa Resources, Inc.
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Annual Revenue
$16.63 B (USD)6.45as on Dec 31, 2024
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Net Profit
$1.27 B (USD)53.28as on Dec 31, 2024
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EBITDA
$4.38 B (USD)24.28as on Dec 31, 2024
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Latest Funding Round
$1.5 B (USD), Debt – Conventional
Jan 10, 2019
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Investors
Blackstone
& 2 more
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Employee Count
3370
as on Dec 31, 2024
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Investments & Acquisitions
Lucid Energy
& 2 more
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IPO & Listings of Targa Resources
Targa Resources is a publicly listed company on the NYSE with ticker symbol TRGP in USA, operating in the Utilities sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Targa Resources
Targa Resources offers a comprehensive portfolio of products and services, including Gathering and Processing and Logistics and Transportation.
Handles gathering and processing of natural gas for efficient energy supply.
Manages transportation of energy products across pipelines and networks.
People of Targa Resources
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Software Development Team
69 people
Leadership Team
43 people
Finance and Accounting
32 people
Sales and Marketing
27 people
Sr. Team
16 people
Senior Team
15 people
Legal and Compliance
13 people
Human Resources and Administration
11 people
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Funding Insights of Targa Resources
Investors in Targa Resources
Targa Resources has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Blackstone, Energy Capital Partners and Stonepeak.
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Energy Capital Partners is focused on energy transition investments.
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Diversified investment management is provided across multiple asset classes.
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Stonepeak is recognized as a leading alternative investment firm specializing in infrastructure and real assets.
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Investor details for Targa Resources
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Investments & Acquisitions by Targa Resources
Targa Resources has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Lucid Energy, Southcross Energy Operating and Stakeholder Midstream.
Investment portfolio details for Targa Resources
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Midstream oil & Gas company
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Natural gas is gathered, processed, and transported by Lucid Energy.
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Natural gas gathering, processing, and exploration services are offered.
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Complete acquisition details for Targa Resources
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Financial Statements - Targa Resources
Detailed financials for Targa Resources
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Targa Resources Comparisons
Peer comparison for Targa Resources
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Competitors of Targa Resources
Targa Resources operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Dominion Energy, Eni Next, Shell, Oxy and Naturgy, among others.
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Energy production and transportation are conducted by Dominion Energy.
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Provider of exploration, production, and distribution services of oil & gas
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Shell is recognized as a global energy and petrochemical company.
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Integrated petroleum services are provided worldwide by Oxy.
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Electricity and natural gas distribution services are provided globally.
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Gazprom is engaged in the exploration, production, and distribution of natural gas.
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Detailed competitors of Targa Resources
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Latest news on Targa Resources
Complete news archive for Targa Resources
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Frequently Asked Questions about Targa Resources
Targa Resources was founded in 2003 and raised its 1st funding round 6 years after it was founded.
Targa Resources is headquartered in Houston, United States. It is registered at Houston, Texas, United States.
Matthew Meloy is the current CEO of Targa Resources.
As of Dec 31, 2024, the latest employee count at Targa Resources is 3,370.
Annual revenue of Targa Resources is $16.63B as on Dec 31, 2024.
The company was founded in 2003 and is headquartered in Houston, United States. Midstream services for natural gas and natural gas liquids are operated within the energy sector. Gathering, processing, transportation, and marketing activities are conducted across key regions. Annual revenues of 19.95 billion and net profit of 1.11 billion were recorded in 2022, reflecting established operations in the natural gas industry.
Targa Resources's top competitors include Dominion Energy, Shell and Oxy.
Targa Resources offers Gathering and Processing and Logistics and Transportation.
Yes, Targa Resources is publicly traded on NYSE under the ticker symbol TRGP.
Targa Resources has made 3 acquisitions, including Lucid Energy, Southcross Energy Operating, and Stakeholder Midstream.
Targa Resources has 3 investors. Key investors include Blackstone, Energy Capital Partners, and Stonepeak.
The ticker symbol of Targa Resources is TRGP on NYSE.