Targa Resources Partners LP (NYSE:NGLS)

39.89
Delayed Data
As of Jul 28
 +0.74 / +1.89%
Today’s Change
36.74
Today|||52-Week Range
74.51
-16.69%
Year-to-Date
SECTOR
Energy Minerals
INDUSTRY
Oil Refining/Marketing
MARKET CAP
$7.2B

Company Description

Targa Resources Partners LP is engaged in the business of gathering, compressing, treating, processing and selling natural gas and storing, fractionating, treating, transporting and selling NGLs and NGL products. The company operates in two primary divisions: Natural Gas Gathering & Processing and Logistics & Marketing. The Natural Gas Gathering & Processing division includes assets used in the gathering of natural gas produced from oil and gas wells and processing this gathered raw natural gas into merchantable natural gas by removing impurities and extracting a stream of combined NGLs or mixed NGLs. The Natural Gas Gathering & Processing division consists of two segments: Field Gathering & Processing and Coastal Gathering & Processing. The Logistics & Marketing division includes the activities necessary to fractionate mixed NGLs into finished NGL products like ethane, propane, normal butane, isobutane and natural gasoline. The Logistics & Marketing consists of two segments: Logistics Assets and Marketing & Distribution. Targa Resources Partners was founded on October 26, 2006 and is headquartered in Houston, TX.

Contact Information

Targa Resources Partners LP
1000 Louisiana Street
Houston Texas 77002
P:(713) 584-1000
Investor Relations:
(713) 584-1133

Employees

Shareholders

Individual stakeholders7.49%
Other institutional35.56%
Mutual fund holders30.49%

Top Executives

Joe Robert PerkinsChief Executive Officer & Director
Michael A. HeimPresident & Chief Operating Officer
Matthew J. MeloyCFO, Treasurer, SVP & Head-Investor Relations
Jennifer KnealeFinance Director
Jeffrey J. McParlandPresident-Finance & Administration

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