Segment & Geographic Data
API & CSV Delivery
Targa Resources Partners Lp's Business Segments
Targa Resources Partners Lp's reported revenue by business segment and by geographic region, quarterly and annual, normalized against the consolidated income statement. Free below: the top 3 rows per table, this quarter and this fiscal year. Subscriber access adds the full segment history and operating income by segment.
Reportable Segments
4
Largest Segment
Logistics and Transportation
Total Revenue
$ 8,260
Regions Reported
-
Annual Results
Revenue Share by Reportable Segment - FY2020
- Logistics and Transportation83.3%
- Gathering and Processing13.9%
- All Other Segments2.8%
- Corporate Non Segment and Intersegment Elimination0%
Revenue by Reportable Segment - FY2020
| Segment | Revenue (Millions) | % of Total |
|---|---|---|
| Logistics and Transportation | $ 6,884 | 83.3% |
| Gathering and Processing | $ 1,147 | 13.9% |
| All Other Segments | $ 230 | 2.8% |
1 more segments available
Sign in to unlock the full Targa Resources Partners Lp dataset.
Revenue by Product & Service Category - FY2020
- Product86.8%
- Natural Gas Liquids Reserves62.7%
- Natural Gas Reserves16.5%
- Service13.2%
- Gathering and Processing5.8%
- Storage Terminaling and Export Fees4.9%
- Oil and Condensate3.2%
- NGL Transportation Fractionation and Services2%
- Petroleum Products0.8%
- Midstream Services Other0.6%
Revenue by Product & Service Category - FY2020
| Category | Revenue (Millions) | % of Total |
|---|---|---|
| Product | $ 7,171 | 86.8% |
| Natural Gas Liquids Reserves | $ 5,181 | 62.7% |
| Natural Gas Reserves | $ 1,359 | 16.5% |
Product and service categories are a supplemental disclosure and are not required to sum to consolidated revenue or to the reportable segments above.
7 more categories available
Sign in to unlock the full Targa Resources Partners Lp dataset.
Description of Targa Resources Partners Lp
Targa Resources Partners LP is a leading provider of midstream energy services in North America. The company is based out of Houston, Texas and operates through two business segments: Gathering and Processing, and Logistics and Marketing.
Under the Gathering and Processing segment, Targa Resources Partners LP provides gathering, compressing, treating and processing services for natural gas, crude oil and natural gas liquids (NGLs). It operates a network of natural gas gathering and processing assets, including over 25,000 miles of gathering pipelines and over 2 Bcf/d of processing capacity.
The Logistics and Marketing segment operates a network of railcars, barges, trucks, pipelines and storage facilities to transport and store crude oil, petroleum products and NGLs. The segment is also responsible for providing wholesale distributive services, which include the purchase, storage, sale and distribution of refined petroleum products.
Targa Resources Partners LP provides its services to producers and end-users in various energy segments, including exploration and production companies, refineries, chemical and petrochemical plants, and wholesale distributors.
The company has strategic partnerships with major oil and gas companies, including ExxonMobil, EOG Resources, Chesapeake Energy and ConocoPhillips. It operates in major energy-producing regions in the United States, including the Permian Basin, Eagle Ford Shale and the Bakken Formation.
Targa Resources Partners LP has a strong financial position, with a market capitalization of over $3 billion and over $3 billion in total assets. The company's revenues have grown steadily over the past few years, and it reported revenues of over $7 billion in 2019.
In terms of sustainability, Targa Resources Partners LP has committed to reducing its environmental footprint by implementing emissions-reducing technologies and minimizing water usage. The company also engages in social responsibility efforts, including community outreach and charitable initiatives.
Overall, Targa Resources Partners LP is a leading midstream energy company with a focus on providing reliable and efficient energy services to its customers.
Under the Gathering and Processing segment, Targa Resources Partners LP provides gathering, compressing, treating and processing services for natural gas, crude oil and natural gas liquids (NGLs). It operates a network of natural gas gathering and processing assets, including over 25,000 miles of gathering pipelines and over 2 Bcf/d of processing capacity.
The Logistics and Marketing segment operates a network of railcars, barges, trucks, pipelines and storage facilities to transport and store crude oil, petroleum products and NGLs. The segment is also responsible for providing wholesale distributive services, which include the purchase, storage, sale and distribution of refined petroleum products.
Targa Resources Partners LP provides its services to producers and end-users in various energy segments, including exploration and production companies, refineries, chemical and petrochemical plants, and wholesale distributors.
The company has strategic partnerships with major oil and gas companies, including ExxonMobil, EOG Resources, Chesapeake Energy and ConocoPhillips. It operates in major energy-producing regions in the United States, including the Permian Basin, Eagle Ford Shale and the Bakken Formation.
Targa Resources Partners LP has a strong financial position, with a market capitalization of over $3 billion and over $3 billion in total assets. The company's revenues have grown steadily over the past few years, and it reported revenues of over $7 billion in 2019.
In terms of sustainability, Targa Resources Partners LP has committed to reducing its environmental footprint by implementing emissions-reducing technologies and minimizing water usage. The company also engages in social responsibility efforts, including community outreach and charitable initiatives.
Overall, Targa Resources Partners LP is a leading midstream energy company with a focus on providing reliable and efficient energy services to its customers.
Targa Resources Partners LP is a prominent player in the midstream sector of the energy industry in the United States, providing an extensive range of products and services tailored to meet the demands of various customers across different sectors. The company operates primarily through four main segments: Natural Gas Gathering and Processing, NGL Logistics and Marketing, Crude Oil Logistics, and Other Assets, each contributing significantly to its overall business model and capability to facilitate energy logistics.
1. Natural Gas Gathering and Processing
This segment is foundational to Targas operations and involves the collection and treatment of natural gas before it is transported to markets. Key components of this segment include:
- Natural Gas Gathering: Targa operates an intricate network of gathering pipelines that transport natural gas from production sites to processing facilities. This infrastructure is designed to minimize operational disruptions and optimize the collection of gas from key producing regions.
- Processing Facilities: The company boasts advanced processing plants equipped with state-of-the-art technology capable of separating impurities from raw natural gas and extracting valuable natural gas liquids (NGLs) such as ethane, propane, and butane. These facilities enhance the net value recovered from the gas stream.
- Natural Gas Treatment and Conditioning: Targa provides treatment services to ensure that the gas meets the specifications needed for downstream transportation, including the removal of impurities and water content that could hinder pipeline flow.
NGL Logistics and Marketing
In this segment, Targa focuses on the transportation, storage, fractionation, and marketing of NGLs, which play a critical role in numerous industries, including petrochemicals and heating.
- Transportation Infrastructure: Targa owns and operates an extensive network of NGL pipelines that facilitate the movement of NGLs across various geographic regions, connecting supply locations with high-demand markets.
- Fractionation Services: Targa’s fractionation facilities allow for the separation of mixed NGLs into individual components. This process enhances the marketability of the products and allows customers to obtain specific NGLs tailored to their needs.
- Storage Facilities: The company operates various storage facilities that enable customers to store their NGL products safely, ensuring they can react to market fluctuations without disruption to their operations.
- Marketing and Logistics Solutions: Targa provides marketing services that help customers optimize their NGL sales, leveraging its extensive network and market insights to achieve competitive pricing and efficient sales strategies.
Crude Oil Logistics
In the realm of crude oil, Targa offers a suite of services that support producers in the efficient movement of their products from production to market.
- Crude Oil Gathering Systems: Targa has established gathering systems in key production areas such as the Permian Basin and the Williston Basin, facilitating the efficient collection of crude oil from various wells and connecting them to key transport routes.
- Transportation and Pipeline Infrastructure: The company operates pipelines and transportation networks designed to ensure the safe and efficient transfer of crude oil to refineries and other market destinations.
- Crude Oil Terminals: Targas terminals are strategically located to support the shipment of crude oil by truck, rail, and marine vessels, adding flexibility in how producers can bring their products to market.
- Marketing Capabilities: Targa’s marketing team actively manages the sale of crude oil, leveraging its knowledge of market dynamics to secure advantageous pricing and logistics options for its clients.
Other Assets
The Other Assets segment encompasses a variety of smaller businesses and strategic investments that complement Targas primary midstream operations.
- Electric Power Generation: This includes investments in facilities that produce electricity, diversifying Targas energy offerings and allowing for synergies between natural gas production and power generation.
- Marine Transportation Services: By offering marine transportation solutions, Targa enhances its logistical offerings, particularly for customers needing to transport products over water.
- Investments in Midstream Companies: Targa strategically invests in other midstream entities, broadening its portfolio and increasing its market presence in complementary sectors within the energy landscape.
Conclusion
Targa Resources Partners LP delivers a comprehensive suite of services and infrastructure solutions that are essential for natural gas and NGL logistics, crude oil movement, and associated energy services in the U.S. By using advanced technologies, a significant pipeline network, and a commitment to operational efficiency, Targa effectively meets the complex demands of producers and end-users alike. Its diversified approach across various segments allows it to capitalize on market opportunities while providing critical services that enhance the profitability and operational efficiency of its customers in the energy sector.
1. Natural Gas Gathering and Processing
This segment is foundational to Targas operations and involves the collection and treatment of natural gas before it is transported to markets. Key components of this segment include:
- Natural Gas Gathering: Targa operates an intricate network of gathering pipelines that transport natural gas from production sites to processing facilities. This infrastructure is designed to minimize operational disruptions and optimize the collection of gas from key producing regions.
- Processing Facilities: The company boasts advanced processing plants equipped with state-of-the-art technology capable of separating impurities from raw natural gas and extracting valuable natural gas liquids (NGLs) such as ethane, propane, and butane. These facilities enhance the net value recovered from the gas stream.
- Natural Gas Treatment and Conditioning: Targa provides treatment services to ensure that the gas meets the specifications needed for downstream transportation, including the removal of impurities and water content that could hinder pipeline flow.
NGL Logistics and Marketing
In this segment, Targa focuses on the transportation, storage, fractionation, and marketing of NGLs, which play a critical role in numerous industries, including petrochemicals and heating.
- Transportation Infrastructure: Targa owns and operates an extensive network of NGL pipelines that facilitate the movement of NGLs across various geographic regions, connecting supply locations with high-demand markets.
- Fractionation Services: Targa’s fractionation facilities allow for the separation of mixed NGLs into individual components. This process enhances the marketability of the products and allows customers to obtain specific NGLs tailored to their needs.
- Storage Facilities: The company operates various storage facilities that enable customers to store their NGL products safely, ensuring they can react to market fluctuations without disruption to their operations.
- Marketing and Logistics Solutions: Targa provides marketing services that help customers optimize their NGL sales, leveraging its extensive network and market insights to achieve competitive pricing and efficient sales strategies.
Crude Oil Logistics
In the realm of crude oil, Targa offers a suite of services that support producers in the efficient movement of their products from production to market.
- Crude Oil Gathering Systems: Targa has established gathering systems in key production areas such as the Permian Basin and the Williston Basin, facilitating the efficient collection of crude oil from various wells and connecting them to key transport routes.
- Transportation and Pipeline Infrastructure: The company operates pipelines and transportation networks designed to ensure the safe and efficient transfer of crude oil to refineries and other market destinations.
- Crude Oil Terminals: Targas terminals are strategically located to support the shipment of crude oil by truck, rail, and marine vessels, adding flexibility in how producers can bring their products to market.
- Marketing Capabilities: Targa’s marketing team actively manages the sale of crude oil, leveraging its knowledge of market dynamics to secure advantageous pricing and logistics options for its clients.
Other Assets
The Other Assets segment encompasses a variety of smaller businesses and strategic investments that complement Targas primary midstream operations.
- Electric Power Generation: This includes investments in facilities that produce electricity, diversifying Targas energy offerings and allowing for synergies between natural gas production and power generation.
- Marine Transportation Services: By offering marine transportation solutions, Targa enhances its logistical offerings, particularly for customers needing to transport products over water.
- Investments in Midstream Companies: Targa strategically invests in other midstream entities, broadening its portfolio and increasing its market presence in complementary sectors within the energy landscape.
Conclusion
Targa Resources Partners LP delivers a comprehensive suite of services and infrastructure solutions that are essential for natural gas and NGL logistics, crude oil movement, and associated energy services in the U.S. By using advanced technologies, a significant pipeline network, and a commitment to operational efficiency, Targa effectively meets the complex demands of producers and end-users alike. Its diversified approach across various segments allows it to capitalize on market opportunities while providing critical services that enhance the profitability and operational efficiency of its customers in the energy sector.