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Targa Resources Corp ($TRGP)

TRGP Overview

Targa Resources, together with its subsidiary, Targa Resources Partners LP, owns, operates, acquires, and develops a portfolio of midstream energy assets in North America.It operates in two segments, Gathering and Processing, and Logistics and Transportation. The company engages in gathering, compressing, treating, processing, transporting, and selling natural gas; storing, fractionating, treating, transporting, and selling natural gas liquids (NGL) and NGL products, including services to liquefied petroleum gas exporters; gathering, storing, terminaling, and selling crude oil; and storing, terminaling, and selling refined petroleum products.It is also involved in the purchase and resale of NGL products; and wholesale of propane, as well as provision of related logistics services to multi-state retailers, independent retailers, and other end-users.In addition, the company offers NGL balancing services; and transportation services to refineries and petrochemical companies in the Gulf Coast area, as well as purchases, markets, and resells natural gas.It operates approximately 28,900 miles of natural gas pipelines, including 46 owned and operated processing plants; and owns or operates a total of 34 storage wells with a gross storage capacity of approximately 72 million barrels.As of December 31, 2019, the company leased and managed approximately 698 railcars; 138 transport tractors; and 2 company-owned pressurized NGL barges.Targa Resources Corp. was founded in 2005 and is headquartered in Houston, Texas. (From: StockAnalysis.com)

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