Targa Resources Corp., together with its subsidiary, Targa Resources Partners LP, owns, operates, acquires, and develops a portfolio of midstream energy assets in North America. The company operates in two segments, Gathering and Processing, and Logistics and Transportation. It engages in gathering, compressing, treating, processing, transporting, and selling natural gas; storing, fractionating, treating, transporting, and selling natural gas liquids (NGL) and NGL products, including services to liquefied petroleum gas exporters; and gathering, storing, terminaling, purchasing, and selling crude oil. The company is also involved in the purchase and resale of NGL products; and wholesale of propane, as well as provision of related logistics services to multi-state retailers, independent retailers, and other end-users. In addition, it offers NGL balancing services; and transportation services to refineries and petrochemical companies in the Gulf Coast area, as well as purchases, markets, and resells natural gas. The company operates approximately 28,400 miles of natural gas pipelines, including 42 owned and operated processing plants; and owns or operates a total of 34 storage wells with a gross storage capacity of approximately 76 million barrels. As of December 31, 2021, it leased and managed approximately 648 railcars; 119 transport tractors; and two company-owned pressurized NGL barges. The company was incorporated in 2005 and is headquartered in Houston, Texas.

Targa Resources Corp.

In big news for the energy infrastructure space, Targa Resources Corp. (TRGP) has announced significant new investments in its Permian Basin operations. The announcement includes a new natural gas liquids (NGL) pipeline and incremental natural gas infrastructure.

Targa Resources Announces New Permian Investments

HOUSTON, Sept. 30, 2025 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) (“Targa” or “the Company”) announced today new organic growth projects to support continuing NGL and natural gas production growth in the Permian Basin and to meet the infrastructure needs of its customers.

Targa Resources Corp. Announces Permian Growth Projects and an Expansion of its Permian to Mont Belvieu NGL Pipeline Transportation System

HOUSTON, Sept. 15, 2025 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) ("Targa" or the "Company") announced today that its Sustainability Report for 2024 is now available on the Company's website at https://www.targaresources.com/sustainability. The report provides a review of Targa's performance for calendar year 2024 against various environmental, social, and governance topics that we believe are important to our industry and our business.

Targa Resources Corp. Releases Sustainability Report

TRGP launches open season for its Forza Pipeline, aiming to boost Delaware Basin gas connectivity to Texas markets by mid-2028.

Targa Opens Non-Binding Forza Pipeline Bids to Boost Delaware Gas Flow

HOUSTON, Sept. 02, 2025 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) (“Targa” or the “Company”) announced today the launch of a non-binding open season for its proposed Forza Pipeline Project (“Forza Project”), a new interstate natural gas pipeline that will support increasing natural gas production in the Delaware Basin in Southeast New Mexico.

Targa Resources Corp. Launches Non-Binding Open Season for Natural Gas Pipeline in the Delaware Basin

Targa Resources is well positioned in the Permian Basin, driving strong volume and cash flow growth through aggressive capital investment and infrastructure expansion. Despite a lower dividend yield than peers, Targa's buyback program and future dividend growth potential make it attractive for long-term investors. The company maintains a solid balance sheet, manageable leverage, and benefits from tax changes, supporting ongoing growth projects without financial strain.

Targa Resources: A Unique Focus On Growth In The Midstream Sector

TRGP benefits from strong global LPG demand, fee-based revenues, tax advantages and Permian scale, but faces risks from overbuild, execution and competition.

Targa Resources Stock: Is It a Smart Hold in Today's Market?

TRGP expects full-year 2025 adjusted EBITDA of $4.65-$4.85 billion and net growth capital expenditures of $3 billion.

Targa Resources Q2 Earnings Beat Estimates, Revenues Miss

While the top- and bottom-line numbers for Targa Resources (TRGP) give a sense of how the business performed in the quarter ended June 2025, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Compared to Estimates, Targa Resources (TRGP) Q2 Earnings: A Look at Key Metrics

Targa Resources Corp. (NYSE:TRGP ) Q2 2025 Earnings Conference Call August 7, 2025 11:00 AM ET Company Participants Benjamin Branstetter - Corporate Participant D. Scott Pryor - President of Logistics & Transportation Jennifer R.

Targa Resources Corp. (TRGP) Q2 2025 Earnings Call Transcript

HOUSTON, Aug. 07, 2025 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) (“TRGP,” the “Company” or “Targa”) today reported second quarter 2025 results.

Targa Resources Corp. Reports Second Quarter 2025 Financial Results

Get a deeper insight into the potential performance of Targa Resources (TRGP) for the quarter ended June 2025 by going beyond Wall Street's top-and-bottom-line estimates and examining the estimates for some of its key metrics.

Insights Into Targa Resources (TRGP) Q2: Wall Street Projections for Key Metrics

HOUSTON, July 10, 2025 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) ("Targa" or the "Company") announced today that its board of directors has declared a quarterly cash dividend of $1.00 per common share, or $4.00 per common share on an annualized basis, for the second quarter of 2025. This cash dividend will be paid August 15, 2025 on all outstanding common shares to holders of record as of the close of business on July 31, 2025.

Targa Resources Corp. Announces Quarterly Common Dividend and Timing of Second Quarter 2025 Earnings Webcast

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Targa Resources, Inc. (TRGP) have what it takes?

Targa Resources, Inc. (TRGP) Could Be a Great Choice

Targa offers strong EBITDA growth, Permian strength and shareholder returns, but faces debt, capex strain, trade risks and rising midstream competition.

Targa Stock Up 44% in the Past Year: Is it Time to Buy or Hold?

Targa Resources benefits from strong NGL demand, Permian growth, and a fee-based model driving stable, record EBITDA and sustainable cash flows. Aggressive capex and expansion, combined with disciplined deleveraging, position Targa for long-term growth and shareholder value through dividends and buybacks. Risks include heavy Permian dependence and potential regulatory/environmental headwinds, but current tailwinds outweigh these concerns for now.

Midstream Goldmine: Targa Resources Taps The Permian Boom

Targa Resources has de-risked its business, now 90% fee-based, and grown EBITDA by 24% over five years, driven by Permian Basin expansion. Despite underperformance and a lower dividend yield versus peers, Targa's strong cash flow and buybacks support shareholder returns and future dividend growth. Ongoing export growth, a robust capital program, and improved balance sheet position, Targa for continued volume and earnings expansion.

Targa Resources: Underappreciated Resilience Supports Upside

HOUSTON, June 04, 2025 (GLOBE NEWSWIRE) -- Targa Resources Corp. (“Targa” or the “Company”) (NYSE: TRGP) announced today the pricing of an underwritten public offering (the “Offering”) of $750 million aggregate principal amount of its 4.900% Senior Notes due 2030 and $750 million aggregate principal amount of its 5.650% Senior Notes due 2036 at a price to the public of 99.870% and 99.700% of their face value, respectively. The Offering is expected to close on June 18, 2025, subject to the satisfaction of customary closing conditions.

Targa Resources Corp. Prices $1.5 Billion Offering of Senior Notes

Are You Looking for a High-Growth Dividend Stock?

Why Targa Resources, Inc. (TRGP) is a Great Dividend Stock Right Now

Real-time stock quote and overview for TRGP