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
-
Sectors
Energy & Utilities
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Targa Resources, Inc.
-
Annual Revenue
$16.63 B6.45as on Dec 31, 2024
-
Net Profit
$1.27 B53.28as on Dec 31, 2024
-
EBITDA
$4.38 B24.28as on Dec 31, 2024
-
Latest Funding Round
$1.5 B (USD), Debt – Conventional
Jan 10, 2019
-
Investors
Blackstone
& 2 more
-
Employee Count
3370
as on Dec 31, 2024
-
Investments & Acquisitions
Lucid Energy
& 2 more
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
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. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Handles gathering and processing of natural gas for efficient energy supply.
Manages transportation of energy products across pipelines and networks.
Unlock access to complete
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
Unlock access to complete
Funding Insights of Targa Resources
- Total Funding Total Funding
- Total Rounds 4
- Last Round Debt – Conventional — $1.5B
-
First Round
First Round
(01 Jun 2009)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2019 | Amount | Debt – Conventional - Targa Resources | Valuation |
investors |
|
| Mar, 2016 | Amount | Post-IPO - Targa Resources | Valuation |
investors |
|
| Jun, 2013 | Amount | Post-IPO - Targa Resources | Valuation |
investors |
|
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Energy Capital Partners is focused on energy transition investments.
|
Founded Year | Domain | Location | |
|
Diversified investment management is provided across multiple asset classes.
|
Founded Year | Domain | Location | |
|
Stonepeak is recognized as a leading alternative investment firm specializing in infrastructure and real assets.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
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. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Midstream oil & Gas company
|
2015 | ||||
|
Natural gas is gathered, processed, and transported by Lucid Energy.
|
2011 | ||||
|
Natural gas gathering, processing, and exploration services are offered.
|
2009 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
OVO is recognized as a smart digital payment application.
|
2017 | ||||
|
Bionic investment advisor platform
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - Targa Resources
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Targa Resources Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Energy production and transportation are conducted by Dominion Energy.
|
|
| domain | founded_year | HQ Location |
Provider of exploration, production, and distribution services of oil & gas
|
|
| domain | founded_year | HQ Location |
Shell is recognized as a global energy and petrochemical company.
|
|
| domain | founded_year | HQ Location |
Integrated petroleum services are provided worldwide by Oxy.
|
|
| domain | founded_year | HQ Location |
Electricity and natural gas distribution services are provided globally.
|
|
| domain | founded_year | HQ Location |
Gazprom is engaged in the exploration, production, and distribution of natural gas.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Targa Resources
Frequently Asked Questions about Targa Resources
When was Targa Resources founded?
Targa Resources was founded in 2003 and raised its 1st funding round 6 years after it was founded.
Where is Targa Resources located?
Targa Resources is headquartered in Houston, United States. It is registered at Houston, Texas, United States.
Who is the current CEO of Targa Resources?
Matthew Meloy is the current CEO of Targa Resources.
How many employees does Targa Resources have?
As of Dec 31, 2024, the latest employee count at Targa Resources is 3,370.
What is the annual revenue of Targa Resources?
Annual revenue of Targa Resources is $16.63B as on Dec 31, 2024.
What does Targa Resources do?
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.
Who are the top competitors of Targa Resources?
Targa Resources's top competitors include Dominion Energy, Shell and Oxy.
What products or services does Targa Resources offer?
Targa Resources offers Gathering and Processing and Logistics and Transportation.
Is Targa Resources publicly traded?
Yes, Targa Resources is publicly traded on NYSE under the ticker symbol TRGP.
How many acquisitions has Targa Resources made?
Targa Resources has made 3 acquisitions, including Lucid Energy, Southcross Energy Operating, and Stakeholder Midstream.
Who are Targa Resources's investors?
Targa Resources has 3 investors. Key investors include Blackstone, Energy Capital Partners, and Stonepeak.
What is Targa Resources's ticker symbol?
The ticker symbol of Targa Resources is TRGP on NYSE.