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Targa Resources Corp. (symbol: TRGP) is a leading provider of midstream services in North America, known for its robust and diversified portfolio of midstream energy assets. The company primarily operates in the gathering and processing sector, with significant assets in key regions like the Permian, STACK, SCOOP, and Bakken plays.
Core Business: Targa Resources focuses on gathering and processing natural gas, natural gas liquids (NGLs), and crude oil. The company's operations include one of the largest fractionation capacities at Mont Belvieu and a strategically located liquefied petroleum gas (LPG) export terminal. An important asset in their portfolio is the Grand Prix natural gas liquids pipeline, which enhances their ability to transport and deliver energy products efficiently.
Recent Achievements: In the third quarter of 2023, Targa reported significant improvements compared to the same period in 2022, reflecting their effective operational strategies and market positioning. The company has consistently delivered strong financial performance, with notable increases in distributable cash flow and adjusted free cash flow.
Current Projects: Targa Resources is continually developing and acquiring new assets to expand its reach and capabilities. The company is involved in several ongoing projects aimed at enhancing their infrastructure and service offerings. These projects include expansions to existing pipelines and processing facilities to better serve their growing customer base.
Financial Condition: Targa's financial health remains robust, backed by strong earnings reports and strategic investments. As of the latest financial reports, the company demonstrates a solid balance sheet with steady revenue streams from its diversified operations.
Partnerships and Products: Targa Resources collaborates with various partners across the energy sector, leveraging these relationships to optimize their operations and service delivery. The company's product offerings include natural gas, NGLs, and crude oil, catering to a wide range of industrial and commercial customers.
Work Environment: Targa prides itself on creating a dynamic work environment that fosters learning, development, and growth. The company prioritizes safety and actively involves employees in continuous performance improvement initiatives. With a strong commitment to employee well-being, Targa supports its workforce in achieving their professional goals.
For more detailed information and the latest updates on Targa Resources Corp., visit their official website or check out recent news and events on platforms like StockTitan.
Targa Resources Corp. (NYSE: TRGP) announced the appointment of Joel Thomas as Senior Vice President - Finance and Treasurer effective April 13, 2023. Joel, who joined Targa in 2012, held multiple roles and was most recently Vice President of Corporate and Commercial Development. His previous experience includes work at Wells Fargo Securities in energy investment banking. Targa, a leading provider of midstream services and a FORTUNE 500 company included in the S&P 500, is vital for the delivery of energy across the U.S. and beyond, managing a diversified portfolio of midstream infrastructure assets. The company’s operations cover the full spectrum of natural gas and NGL services, contributing significantly to the energy market.
Targa Resources Corp. (NYSE: TRGP) announced a 43% increase in its quarterly cash dividend to $0.50 per common share for Q1 2023. This equates to an annualized dividend of $2.00 per share. The dividend payment is scheduled for May 15, 2023, with a record date of April 28, 2023. Targa will report its Q1 2023 financial results on May 4, 2023 before the market opens and will host a webcast at 11:00 a.m. ET. As a leading midstream service provider, Targa connects natural gas and NGLs to crucial markets across the U.S. and internationally, continuously focusing on safe and efficient energy delivery.
Targa Resources Corp. (NYSE: TRGP) will participate in the J.P. Morgan Midwest Utilities & Midstream 1x1 Forum on April 6, 2023, in Chicago, IL. The Company aims to showcase its midstream services and infrastructure capabilities, emphasized by its robust operations in natural gas, NGLs, and crude oil. Attendees can access presentation slides in the Investors section of Targa's website. As a leading independent midstream entity, Targa connects energy resources to domestic and international markets, playing a vital role in the delivery of cleaner fuels.
For further updates, visit www.targaresources.com.
Targa Resources Corp. (NYSE: TRGP) will participate in investor meetings at the Morgan Stanley Global Energy and Power Conference on March 1, 2023, in New York City. The company will offer access to conference slides via its investors section. Targa is recognized as a leader in midstream services and ranks among the largest independent midstream infrastructure companies in North America, facilitating the efficient delivery of energy across the U.S. and international markets. The company's operations include gathering and processing natural gas and NGLs, essential for meeting the demand for cleaner energy fuels.
On February 22, 2023, Targa Resources Corp. (NYSE: TRGP) filed its Form 10-K with the SEC for the year ending December 31, 2022. This report is accessible on the SEC's website and the Investors section of Targa's website. The company, a leading provider of midstream services in North America, plays a vital role in connecting natural gas and NGLs to domestic and international markets. Targa Resources is a FORTUNE 500 company and is part of the S&P 500, emphasizing its significance in the energy sector.
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