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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 1 215,998,724 211,245,618 97.8% 522,699 0.2% 97.8%
Shareholders
NameEquities%
The Vanguard Group, Inc. 15,945,628 8.05%
Goldman Sachs Asset Management LP 12,666,039 6.39%
OppenheimerFunds, Inc. 8,956,121 4.52%
OFI Steelpath, Inc. 8,424,614 4.25%
BlackRock Fund Advisors 7,744,116 3.91%
Chickasaw Capital Management LLC 7,677,033 3.88%
Kayne Anderson Capital Advisors LP 6,732,091 3.40%
Tortoise Capital Advisors LLC 5,154,174 2.60%
Salient Capital Advisors LLC 4,527,599 2.29%
Center Coast Capital Advisors LP 4,256,186 2.15%
Sector
Energy
Energy - Fossil Fuels
 Oil & Gas Related Equipment and Services
  Oil & Gas Transportation Services
   Oil & Gas Transportation Services - NEC
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Sector Oil & Gas Transportation Services - NEC
1st jan.Capitalization (M$)
TARGA RESOURCES CORP-23.13%9 179
ENBRIDGE INC-7.95%64 537
ENTERPRISE PRODUCTS PA..-1.85%56 324
KINDER MORGAN INC-8.84%41 948
TRANSCANADA CORPORATIO..3.39%40 953
WILLIAMS COMPANIES-6.97%23 755
ENERGY TRANSFER PARTNE..-19.44%21 030
PLAINS ALL AMERICAN PI..-23.23%17 697
MAGELLAN MIDSTREAM PAR..-7.93%15 877
SPECTRA ENERGY PARTNER..-5.98%13 357
PEMBINA PIPELINE CORP2.12%13 009
MPLX LP-7.51%12 375
CHENIERE ENERGY PARTNE..7.11%10 429
ONEOK, INC.-14.32%10 375
BUCKEYE PARTNERS, L.P.-4.67%8 706
PLAINS GP HOLDINGS LP-28.23%7 068
ENAGAS9.82%7 001
ENABLE MIDSTREAM PARTN..-6.17%6 382
EQT MIDSTREAM PARTNERS..-3.83%6 049
ENLINK MIDSTREAM PARTN..-10.37%5 689
ENBRIDGE ENERGY PARTNE..-38.30%5 442
Sector Oil & Gas Transportation Services - NEC
Targa Resources Corp : Connections
Jbp Gp LLC
Louisiana State Bar Association
NYSE Liffe U.S. LLC
The Methodist Hospital
Screen Actors Guild, Inc.
NGTS LP
ICE Trade Vault LLC
Floridian Natural Gas Storage Co. LLC
Targa Resources Partners Finance Corp.
Hi-Crush GP LLC
Earthwork Solutions, LLC
The American Institute of Certified Public Accountants
TayganPoint Consulting Group, Inc.
ICE Futures US, Inc.
Newark E&P Holdings LLC
Chicago Climate Futures Exchange LLC
Esol LLC
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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