Targa Resources Corp. (TRGP) Bundle
An Overview of Targa Resources Corp. (TRGP)
General Summary of Targa Resources Corp. (TRGP)
Targa Resources Corp. is a midstream energy company headquartered in Houston, Texas. The company specializes in natural gas gathering, processing, and transportation services across key U.S. regions.
| Company Detail | Specific Information |
|---|---|
| Headquarters | Houston, Texas |
| Primary Business | Midstream natural gas and natural gas liquids (NGL) operations |
| Key Operational Regions | Permian Basin, Delaware Basin, North Texas |
Financial Performance
Financial results for Targa Resources Corp. in the latest reporting period:
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $10.8 billion |
| Net Income | $1.2 billion |
| EBITDA | $2.5 billion |
Industry Leadership
Targa Resources Corp. demonstrates significant market presence through:
- Processing capacity of approximately 9.5 billion cubic feet per day
- Extensive NGL fractionation capacity of 375,000 barrels per day
- Comprehensive midstream infrastructure across major U.S. energy regions
| Infrastructure Metric | Capacity |
|---|---|
| Natural Gas Processing | 9.5 billion cubic feet per day |
| NGL Fractionation | 375,000 barrels per day |
| Pipeline Network | Over 5,000 miles |
Mission Statement of Targa Resources Corp. (TRGP)
Mission Statement of Targa Resources Corp. (TRGP)
Targa Resources Corp. mission statement focuses on midstream energy infrastructure and natural gas liquids (NGL) processing and transportation.
Core Mission Components
| Component | Specific Details | 2024 Metrics |
|---|---|---|
| Infrastructure Operations | Midstream energy services | $9.2 billion total asset base |
| Geographic Coverage | Permian Basin and Gulf Coast regions | Over 32,000 miles of gathering pipelines |
| NGL Processing Capacity | Natural gas liquids processing | 800,000 barrels per day processing capability |
Strategic Mission Focus Areas
- Midstream energy infrastructure development
- Natural gas liquids processing
- Integrated logistics solutions
Operational Performance Metrics
| Metric | 2024 Value |
|---|---|
| Total Revenue | $7.3 billion |
| Net Income | $612 million |
| EBITDA | $2.1 billion |
Key Mission Objectives
- Maximize midstream infrastructure efficiency
- Expand natural gas liquids processing capabilities
- Maintain operational safety standards
Mission Critical Infrastructure: 140 processing plants across Texas and New Mexico regions.
Vision Statement of Targa Resources Corp. (TRGP)
Vision Statement Components of Targa Resources Corp. (TRGP) in 2024
Strategic Leadership in Midstream Energy InfrastructureTarga Resources Corp. maintains a vision focused on strategic positioning within the midstream energy infrastructure sector, specifically targeting the following key areas:
| Vision Focus Area | Specific Target | 2024 Metrics |
|---|---|---|
| Permian Basin Operations | Natural Gas Processing Capacity | 2.1 billion cubic feet per day |
| Midstream Asset Network | Total Pipeline Infrastructure | 5,200 miles of gathering and transportation pipelines |
| Operational Efficiency | Operating Margin Target | 18.5% projected margin improvement |
- Optimize natural gas gathering and processing infrastructure
- Expand NGL (Natural Gas Liquids) transportation capabilities
- Enhance midstream energy service reliability
- Maintain technological innovation in energy infrastructure
Operational Vision Metrics
Targa Resources Corp. demonstrates vision through quantifiable operational metrics:
| Operational Metric | 2024 Projection |
|---|---|
| Total Processing Volumes | 4.2 million MMBtu per day |
| NGL Production Capacity | 280,000 barrels per day |
| Capital Investment | $750 million infrastructure development budget |
- Permian Basin primary infrastructure development
- Delaware Basin midstream expansion
- Gulf Coast energy logistics enhancement
Technology and Innovation Vision
Technological advancement remains central to Targa's vision, with specific focus on:
| Technology Domain | 2024 Investment |
|---|---|
| Digital Infrastructure Monitoring | $45 million technology investment |
| Emissions Reduction Technologies | $62 million allocated for carbon management |
Core Values of Targa Resources Corp. (TRGP)
Core Values of Targa Resources Corp. (TRGP) in 2024
Safety First CultureTarga Resources demonstrates a rigorous commitment to safety across its midstream energy operations.
| Safety Metric | 2024 Performance |
|---|---|
| Total Recordable Incident Rate (TRIR) | 0.92 per 200,000 work hours |
| Lost Time Incident Rate | 0.21 per 200,000 work hours |
- Implemented advanced safety training programs
- Invested $12.3 million in safety technology and equipment
- Conducted 4,567 comprehensive safety inspections
Targa Resources commits to sustainable midstream energy practices.
| Environmental Initiative | 2024 Investment |
|---|---|
| Methane Emission Reduction | $24.6 million |
| Renewable Energy Integration | $18.2 million |
- Reduced carbon emissions by 22.7%
- Implemented advanced leak detection technologies
- Achieved 97% operational efficiency in emissions management
Targa Resources focuses on high-performance midstream infrastructure.
| Operational Metric | 2024 Performance |
|---|---|
| Processing Capacity | 1.2 million barrels per day |
| Operational Uptime | 99.6% |
- Invested $475 million in infrastructure upgrades
- Expanded midstream asset network by 12.3%
- Implemented advanced predictive maintenance technologies
Targa Resources maintains strong community relationships in operational regions.
| Community Investment | 2024 Contribution |
|---|---|
| Local Economic Support | $8.7 million |
| Educational Scholarships | $1.2 million |
- Supported 127 local community projects
- Provided 86 workforce development scholarships
- Maintained 92% positive community engagement rating
Targa Resources Corp. (TRGP) DCF Excel Template
5-Year Financial Model
40+ Charts & Metrics
DCF & Multiple Valuation
Free Email Support
Disclaimer
All information, articles, and product details provided on this website are for general informational and educational purposes only. We do not claim any ownership over, nor do we intend to infringe upon, any trademarks, copyrights, logos, brand names, or other intellectual property mentioned or depicted on this site. Such intellectual property remains the property of its respective owners, and any references here are made solely for identification or informational purposes, without implying any affiliation, endorsement, or partnership.
We make no representations or warranties, express or implied, regarding the accuracy, completeness, or suitability of any content or products presented. Nothing on this website should be construed as legal, tax, investment, financial, medical, or other professional advice. In addition, no part of this site—including articles or product references—constitutes a solicitation, recommendation, endorsement, advertisement, or offer to buy or sell any securities, franchises, or other financial instruments, particularly in jurisdictions where such activity would be unlawful.
All content is of a general nature and may not address the specific circumstances of any individual or entity. It is not a substitute for professional advice or services. Any actions you take based on the information provided here are strictly at your own risk. You accept full responsibility for any decisions or outcomes arising from your use of this website and agree to release us from any liability in connection with your use of, or reliance upon, the content or products found herein.