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4-Traders Homepage  >  Equities  >  Nyse  >  Targa Resources Corp    TRGP

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Business Summary
Provides midstream natural gas and natural gas liquid services

Targa Resources Corp. provides midstream natural gas and natural gas liquids services.

It also provides gathering, storing, and terminaling crude oil and storing, terminaling, and selling refined petroleum products.

It operates through the following segments: Gathering & Processing, and Logistics & Marketing.

The Gathering & Processing segment includes assets used in the gathering of natural gas produced from oil and gas wells and processing this raw natural gas into merchantable natural gas by extracting NGLs and removing impurities; and assets used for crude oil gathering and terminaling.

The Logistics & Marketing segment includes all the activities necessary to convert mixed NGLs into NGL products and provides certain value added services such as storing, fractionating, terminaling, transporting and marketing of NGLs and NGL products, including services to LPG exporters; storing and terminaling of refined petroleum products and crude oil and certain natural gas supply and marketing activities in support of its other businesses.

Targa Resources was founded on October 27, 2005 and is headquartered in Houston, TX.

Number of employees : 1 970 persons.
Sales per Businesses
20152016Delta
USD (in Million)%USD (in Million)%
Marketing and Distribution4,22764%---
Field Gathering and Processing1,67725.4%---
Logistics Assets434.606.6%---
Coastal Gathering and Processing235.203.6%---
Other84.201.3%62.900.9% -25.3%
Logistics and Marketing--5,52083.1%-
Gathering and Processing--1,10916.7%-
Sales per Regions
20152016Delta
USD (in Million)%USD (in Million)%
United States6,659100.7%6,691100.7% +0.49%
Managers
NameAgeSinceTitle
Joe Robert Perkins562005Chief Executive Officer & Director
James W. Whalen, MBA752005Executive Chairman
G. Clark White572015Executive VP-Engineering & Operations
Matthew J. Meloy, CFA392006Chief Financial Officer & Executive Vice President
Rene R. Joyce692005Director
Charles R. Crisp692005Independent Director
Chris Tong602006Independent Director
Ershel C. Redd, Jr.692011Independent Director
Laura C. Fulton, CPA532013Independent Director
Waters S. Davis IV, MBA632015Independent Director
Equities
Vote QuantityFloatCompany-owned sharesTotal Float
Share A 1 216,163,629 211,376,290 97.8% 558,567 0.3% 97.8%
Shareholders
NameEquities%
The Vanguard Group, Inc. 18,768,732 8.71%
Goldman Sachs Asset Management LP 12,666,039 5.88%
OFI Steelpath, Inc. 9,168,069 4.25%
OppenheimerFunds, Inc. 8,956,121 4.16%
BlackRock Fund Advisors 8,531,264 3.96%
Chickasaw Capital Management LLC 7,921,492 3.68%
Tortoise Capital Advisors LLC 6,721,135 3.12%
Kayne Anderson Capital Advisors LP 6,641,061 3.08%
Center Coast Capital Advisors LP 5,508,319 2.56%
Salient Capital Advisors LLC 4,527,599 2.10%
Sector Oil & Gas Transportation Services - NEC
Connections : Targa Resources Corp
Company contact information
Targa Resources Corp.
1000 Louisiana Street
Suite 4300
Houston, TX 77002-5005

Phone : +1.713.584.1000
Fax : +1.713.584.1100
Web : www.targaresources.com
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