Targa Resources (TRGP)

The company has an important footprint in major US shale regions, including the Permian Basin, as well as areas associated with the STACK, SCOOP and Bakken plays. Its gathering and processing business collects raw natural gas from producers, removes impurities and separates valuable natural gas liquids from dry gas. This service is essential for producers that need access to downstream markets and for customers that rely on consistent supply.

Targa’s logistics and transportation operations include natural gas liquids pipelines, fractionation capacity at Mont Belvieu, Texas, and liquefied petroleum gas export capabilities on the US Gulf Coast. The Grand Prix NGL pipeline is a key system within its network, linking supply from producing regions to the Mont Belvieu hub and related downstream infrastructure.

The company’s two main operating areas are Gathering and Processing, and Logistics and Transportation. Its earnings are tied to energy production volumes, demand for NGLs, commodity spreads and contracted midstream fees. Targa stands out for its integrated NGL value chain, particularly its ability to move hydrocarbons from wellhead gathering systems through fractionation and into domestic or international end markets.