| Market Capitalization (Millions $) |
- |
| Shares
Outstanding (Millions) |
- |
| Employees |
2,500 |
| Revenues (TTM) (Millions $) |
8,260 |
| Net Income (TTM) (Millions $) |
-1,545 |
| Cash Flow (TTM) (Millions $) |
-60 |
| Capital Exp. (TTM) (Millions $) |
952 |
Business Description
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.
Company Address: 811 Louisiana Street Houston 77002 TX
Company Phone Number: 584-1000 Stock Exchange / Ticker: NGLS
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