Targa Resources Corp (N:TRGP)
Business Focus: Oil & Gas Transportation Services
| Sector: Energy | Industry: Oil & Gas Transportation Services |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 1000 LOUISIANA STREET SUITE 4300, TARGA RESOURCES PARTNERS LP HOUSTON TX 77002 |
| Tel: | N/A |
| Website: | https://www.targaresources.com |
| IR: | See website |
| Key People | ||
| Matthew J. Meloy Chief Executive Officer, Director | Jennifer R. Kneale Chief Financial Officer | Patrick J. Mcdonie President - Gathering and Processing |
| D. Scott Pryor President - Logistics and Transportation | Gerald R. Shrader Executive Vice President, General Counsel, Company Secretary | Julie H. Boushka Senior Vice President, Chief Accounting Officer | Robert M. Muraro Chief Commercial Officer |
| Business Overview |
| Targa Resources Corp. is a provider of midstream services in North America. The Company owns, operates, acquires and develops a diversified portfolio of complementary domestic midstream infrastructure assets and delivers energy across the United States. The Company is engaged in the business of gathering, compressing, treating, processing, transporting, and purchasing and selling natural gas; transporting, storing, fractionating, treating, and purchasing and selling natural gas liquids (NGLs) and NGL products, including services to liquefied petroleum gas (LPG) exporters; and gathering, storing, terminaling, and purchasing and selling crude oil. Its segments are Gathering and Processing, and Logistics and Transportation. Gathering and Processing segment includes assets used in the gathering and/or purchase and sale of natural gas produced from oil and gas wells. Logistics and Transportation segment includes the activities and assets necessary to convert mixed NGLs into NGL products. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Targa Resources Corp revenues decreased 23% to $16.06B. Net income applicable to common stockholders decreased 8% to $828.2M. Revenues reflect Logistics and Transportation segment decrease of 31% to $13.66B, Gathering and processing segment decrease of 36% to $7.23B. Dividend per share increased from $1.40 to $1.85. |
| Employees: | 3,182 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $37,941M as of Dec 31, 2023 |
| Annual revenue (TTM): | $16,060M as of Dec 31, 2023 |
| EBITDA (TTM): | $3,964M as of Dec 31, 2023 |
| Net annual income (TTM): | $827.50M as of Dec 31, 2023 |
| Free cash flow (TTM): | $398.90M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $12,812M as of Dec 31, 2023 |
| Shares outstanding: | 222,535,258 as of Mar 19, 2024 |
| Index Membership: | S&P 500 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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