Targa Resources Corp

NYSE: TRGP
$116.01
+$2.20 (+1.9%)
Closing price April 23, 2024
Targa Resources Corp is a key player in North America's energy sector, specializing in midstream infrastructure assets. The company focuses on the entire lifecycle of natural gas and natural gas liquids (NGL), including gathering, processing, storing, and transporting these resources. It also engages in the marketing and selling of NGL products, crude oil, and propane, catering to a wide range of customers from multi-state retailers to petrochemical companies. With a significant presence in the Gulf Coast, Targa combines logistics services with its extensive asset base, including railcars, tractors, and barges, to support the energy industry's needs.
While the issues in the Permian Basin will not last forever, it makes sense to put some capital behind the companies that look poised to benefit now.
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Kinder Morgan, DCP Midstream and Targa Resources announced Thursday morning a final investment decision on a $1.92 billion pipeline project to move natural gas from the Permian Basin to the Gulf...
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