Targa Resources Corp

NYSE: TRGP

Updated Mar 29, 2026

Profile compiled and reviewed by the Houston Oil Companies Data Team from public filings and company sources.

Midstream · NGL & Gathering

Targa Resources Corp

TRGP

Targa Resources is a leading midstream company focused on gathering, processing, and fractionation of natural gas and NGLs, headquartered in Houston.

Founded: 2003
Employees: 3,700+
Revenue: $16 billion (2023)
HQ: Houston, TX

NGL FractionationNatural Gas Gathering & ProcessingPermian Basin MidstreamLPG Exports

Targa Resources Corp. is a leading provider of midstream services and is one of the largest independent midstream infrastructure companies in North America. Headquartered in Houston, Targa is primarily engaged in the business of gathering, compressing, treating, processing, transporting, and selling natural gas and transporting, fractionating, storing, and selling NGLs and NGL products.

Headquarters

Houston, TX

Founded

2003

Employees

3,700+

Revenue

$16 billion (2023)

CEO

Matt Meloy

Website

targaresources.com

History of Targa Resources Corp

Targa Resources was founded in 2003 when a group of investors acquired the midstream assets of Dynegy. The company has since grown through organic investments and acquisitions, becoming one of the premier NGL-focused midstream companies in North America. Targa simplified its corporate structure in 2016 by acquiring all of Targa Resources Partners.

Operations & Business Segments

Targa operates in the Permian Basin, Western Oklahoma, and along the Gulf Coast. Its integrated system includes gathering pipelines, processing plants, and fractionation facilities. The company's Grand Prix NGL Pipeline connects Permian Basin production to Gulf Coast fractionation and export facilities in Mont Belvieu, near Houston.

Headquarters Location

Houston, TX

Key Specialties & Capabilities

NGL FractionationNatural Gas Gathering & ProcessingPermian Basin MidstreamLPG ExportsGrand Prix PipelineMont Belvieu Operations

Frequently Asked Questions About Targa Resources Corp

What does Targa Resources do?▾

Targa Resources is a midstream company that gathers, processes, and transports natural gas and natural gas liquids (NGLs). It operates gathering systems, processing plants, pipelines, and fractionation facilities.

Where does Targa Resources operate?▾

Targa operates primarily in the Permian Basin, Western Oklahoma, and along the Gulf Coast. Its Grand Prix Pipeline connects Permian production to Gulf Coast export and fractionation facilities near Houston.

What is NGL fractionation?▾

NGL fractionation is the process of separating a mixed stream of natural gas liquids into individual products—ethane, propane, butane, isobutane, and natural gasoline—each of which has different uses and market values.

What does Targa Resources Corp do in Houston?▾

Targa Resources Corp is a midstream company based in Houston, TX. Targa Resources is a leading midstream company focused on gathering, processing, and fractionation of natural gas and NGLs, headquartered in Houston.

Where is Targa Resources Corp headquartered?▾

Targa Resources Corp is headquartered in Houston, TX, founded in 2003. The company operates in Houston's energy corridor as part of the midstream sector.