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Overview

Targa Resources offers two separate publicly-traded securities on the NYSE

  • Targa Resources Corp. (NYSE: TRGP) – a corporation; and,
  • Targa Resources Partners LP (“Targa Resources Partners” or the “Partnership”) (NYSE: NGLS) – a Master Limited Partnership

Both securities offer investors an opportunity to participate in the midstream energy sector.

Targa Resources Corp. (NYSE: TRGP)

Targa Resources Corp. owns general and limited partner interests, including incentive distribution rights (“IDRs”), in Targa Resources Partners LP (NYSE: NGLS) or “the Partnership”, a publicly traded Delaware limited partnership that is a leading provider of midstream natural gas and natural gas liquid services in the United States. The Partnership is engaged in the business of gathering, compressing, treating, processing and selling natural gas; storing, fractionating, treating, transporting and selling natural gas liquids, or NGLs, and NGL products; gathering, storing and terminaling crude oil; and storing and terminaling refined petroleum products.   

Our primary business objective is to increase our dividends to our stockholders by assisting the Partnership in executing its business strategy. Our cash flows are generated from the cash distributions we receive from the Partnership.

 

Targa Resources Partners LP (NYSE:NGLS)

Targa Resources Partners is a publicly traded Delaware limited partnership that is a leading provider of midstream natural gas and natural gas liquid services in the United States. The Partnership is engaged in the business of gathering, compressing, treating, processing and selling natural gas; storing, fractionating, treating, transporting and selling natural gas liquids, or NGLs, and NGL products; gathering, storing and terminaling crude oil; and storing and terminaling refined petroleum products. The Partnership owns an extensive network of integrated gathering pipelines and gas processing plants and currently operates along the Louisiana Gulf Coast primarily accessing the onshore and near offshore region of Louisiana, the Permian Basin in West Texas and Southeast New Mexico the Fort Worth Basin in North Texas and in the Williston Basin in North Dakota. Additionally, the Partnership’s logistics and marketing assets are located primarily at Mont Belvieu and Galena Park near Houston, Texas and in Lake Charles, Louisiana with terminals and transportation assets across the United States. Targa Resources Partners is managed by its general partner, Targa Resources GP LLC, which is indirectly wholly owned by Targa Resources Corp.

Our primary objective is to provide increasing cash distributions to our unitholders over time. Our business strategies focus on creating and increasing value for our unitholders through efficient operations, disciplined risk management and prudent growth through organic projects and acquisitions.

Please click here for further information on our business operations.