About Targa Resources
Targa Resources is a publicly listed company based in Houston (United States) founded in 2003. Midstream natural gas and NGL services are provided. The company has 3,370 employees. Targa Resources has completed 3 acquisitions, including Lucid Energy, Southcross Energy Operating and Stakeholder Midstream. Its chief executive, as recorded, is Matthew Meloy. Its website targaresources.com draws about 11 thousand monthly visits. Targa Resources offers products and services including Gathering and Processing and Logistics and Transportation. Its focus areas include Energy, Oil & Gas Midstream and Horizontal. Its legal entity is Targa Resources Corp. Its competitors include Dominion Energy, Eni Next and Oxy.
Company details
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.
- Headquarters Houston, United States
- Employees 3,370
- Stage Public
- SectorsEnergy & Utilities
- Email••••••••
- Website targaresources.com
- Social LinkedIn
- Legal Name Targa Resources, Inc.
- Annual Revenue$17.19 B (USD)3.38as on Dec 31, 2025
- Net Profit$1.84 B (USD)45.05as on Dec 31, 2025
- EBITDA$5.03 B (USD)14.86as on Dec 31, 2025
- Latest Funding Round$1.5B (USD), Debt – Conventional
Jan 2019
- InvestorsBlackstone
& 2 more
- Employee Count3,370
- Investments & AcquisitionsLucid Energy
& 2 more
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.
Funding Insights of Targa Resources
- Total Rounds 4
- Last Round Debt – Conventional — $1.5B
- First Round $250M
(Jun 2009)
- Investors Count 3
All 4 funding rounds of Targa Resources with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan 2019 | $1.5B | Debt – Conventional | – | – | – |
| Mar 2016 | $1B | Post-IPO | – | – | |
| Jun 2013 | $110M | Post-IPO | – | – | – |
| Jun 2009 | $250M | Debt – Conventional | – | – | – |
3 investors in total: 3 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Energy Capital Partners is focused on energy transition investments. | 2005 | ecpartners.com | Summit, United States | |
Diversified investment management is provided across multiple asset classes. | 1985 | blackstone.com | New York, United States | |
Stonepeak is recognized as a leading alternative investment firm specializing in infrastructure and real assets. | stonepeakpartners.com | New York, United States |
Investor details for Targa Resources
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People of Targa Resources
346 people are tracked at Targa Resources (88 in leadership, 10 in board & advisors, 248 in team); the tracked headcount is 3,370.
| Name | Role | Group |
|---|---|---|
Matthew Meloy | CEO | Leadership |
Joe Bob Perkins | CEO | Leadership |
Will Byers | Chief Financial Officer | Leadership |
Mary Hrncir | Director Of Data Analytics & Data Science | Leadership |
Jennifer R. Kneale | President, Finance & Administration | Leadership |
D. Scott Pryor | President, Logistics & Transportation | Leadership |
Robert M. Muraro | Chief Commercial Officer | Leadership |
Paul Simmons | Sr Director Business Relationship Management | Leadership |
Andrew Thorington | Senior Director, Corporate And Commercial Development | Leadership |
Caroline Lafond | Sr Vp, Human Resources | Leadership |
Billy Taylor | Director Strategic Sourcing | Leadership |
Moira O'Toole | Director, Human Resources - Talent Acquisition & Internal Communications | Leadership |
Bruce Leonard | VP - NGL Domestic Marketing & Transportation | Leadership |
William A. Byers | CFO | Leadership |
Matthew J. Meloy | CEO | Leadership |
Misty Edwards | Director Of Marketing & Business Development | Leadership |
Melanie Roberts | Vice President, Sustainability | Leadership |
Dave P. | Director Sr IT Projects & Development | Leadership |
Sanjay Lad | Vice President, Finance | Leadership |
Holly H. | HR Director Talent Management And Learning & Development | Leadership |
326 more people are available in the full profile.
Complete people profiles for Targa Resources
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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.
- IPO date07 Dec 2010
- Listed onNYSE: TRGP
- Listed entityTarga Resources, Inc.
- Exchange sectorUtilities
- ISINUS87612G1013
- Share price$293.04 (+0.86% on the day) · 2026-10-13
- Market capitalisation$62.84B
- Price to earnings28.0
- EPS (diluted, trailing year)$10.47
- Dividend yield1.55%
- Volume (last session)654,803
Financials of Targa Resources
| Year | Revenue | Net income | EBITDA |
|---|---|---|---|
| 2025 | $17.19B | $1.84B | $5.03B |
| 2024 | $16.63B | $1.27B | $4.38B |
| 2023 | $15.62B | $828.2M | $3.52B |
| 2022 | $21.68B | $1.14B | $3.58B |
| 2021 | $17.44B | $71.2M | $2.69B |
Detailed financial statements 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.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Midstream oil & Gas company | stakeholdermidstream.com | San Antonio, United States | 2015 | Dec 2025 | $1.25B | |
Natural gas is gathered, processed, and transported by Lucid Energy. | lucid-energy.com | Dallas, United States | 2011 | Jun 2022 | $3.55B | |
Natural gas gathering, processing, and exploration services are offered. | southcrossenergy.com | Dallas, United States | 2009 | Mar 2022 | $200M |
Complete acquisition details for Targa Resources
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Timeline of Targa Resources
7 dated milestones of Targa Resources across 22 years, from founding to its latest funding, stage changes and deals.
- Founded Targa Resources is founded.
- Funding First funding round of $250.0M.
- IPO Lists on the stock exchange (IPO).
- Funding Latest funding round, Debt – Conventional, of $1.5B.
- Acquisition Acquires Southcross Energy Operating.
- Acquisition Acquires Lucid Energy.
- Acquisition Acquires Stakeholder Midstream.
Competitors of Targa Resources
Targa Resources has 3 listed competitors in our database. They include Dominion Energy, Eni Next and Oxy.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| dominionenergy.com | 1983 | United States | 17,700 | Energy production and transportation are conducted by Dominion Energy. | ||
| eni.com | 1953 | Boston, United States | 62 | Provider of exploration, production, and distribution services of oil & gas | ||
| oxy.com | 1920 | Houston, United States | 12,570 | Integrated petroleum services are provided worldwide by Oxy. |
Detailed competitors of Targa Resources
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Web traffic of Targa Resources
The website of Targa Resources (targaresources.com) receives about 11.5K visits a month.
- Monthly visits11.5K
▼ 45.7% vs previous month
Websites whose visitors overlap most with Targa Resources. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| quantaservices.com | 100% | 61.5K | #599,155 | View details | |
| nustarenergy.com | 100% | View details | |||
| alliantenergy.com | 100% | 762.1K | #56,575 | View details | |
progress-energy.com | progress-energy.com | 100% | #3,277,751 | – | |
| pinnaclewest.com | 100% | 5.7K | #3,271,999 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 13 similar websites and full traffic analytics for Targa Resources
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Top companies in Oil & Gas Operations
3 companies that operate in the same segment as Targa Resources (Oil & Gas Operations) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Oilfield services and products are supplied worldwide by Schlumberger. | 1926 | United States | USD 35.69 B | 110,000 | ||
bp is recognized as a global energy company. | 1909 | United States | USD 185.5 B | 100,500 | ||
Energy production and transportation are conducted by Dominion Energy. | 1983 | United States | USD 16.73 B | 14,700 |
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Related news about 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 CEO of Targa Resources, as recorded in our data.
Targa Resources has 3,370 employees.
Annual revenue of Targa Resources is $17.19B as on Dec 31, 2025.
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, Oxy and Eni Next.
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.
Targa Resources operates through Targa Resources Corp..