TRGP Stock - Targa Resources Corp.

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Targa Resources Corp., alongside its subsidiary Targa Resources Partners LP, is a prominent player in the North American midstream energy sector, specializing in the ownership, operation, acquisition, and development of a diverse portfolio of energy assets. The company operates through two core segments: Gathering and Processing, and Logistics and Transportation. Its operations encompass the comprehensive handling of natural gas, including gathering, compressing, treating, processing, and transportation, as well as the sale of natural gas and related products.

Moreover, Targa Resources Corp. is actively involved in the storage, fractionation, treatment, terminaling, and sale of natural gas liquids (NGLs) and NGL products. This includes services catering to liquefied petroleum gas exporters and the wholesale distribution of propane, complemented by logistics services for a wide range of end-users. The company also engages in the purchase, resale, and transportation of NGL products, serving refineries and petrochemical companies primarily in the Gulf Coast area.

Additionally, Targa Resources Corp. manages an extensive infrastructure that includes approximately 28,400 miles of natural gas pipelines and 42 owned and operated processing plants. It also oversees 34 storage wells with a combined gross storage capacity exceeding 76 million barrels. Established in 2005 and headquartered in Houston, Texas, the company is positioned at the forefront of the midstream energy sector, leveraging its robust operational capabilities to support the efficient transportation, processing, and distribution of energy resources across North America.

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