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Targa Resources Corp. is a leading provider of midstream services, specializing in the gathering, processing, and transportation of natural gas, NGLs, and crude oil.
Targa Resources Corp. is a prominent midstream services provider based in North America, specializing in the gathering, processing, transmission, and storage of natural gas, natural gas liquids (NGLs), and crude oil. The company operates through two primary segments: Gathering and Processing, which involves the collection and treatment of natural gas and crude oil, and Logistics and Transportation, focused on the transportation and conversion of mixed NGLs into various products. Targa has a significant infrastructure portfolio, primarily situated in key oil and gas production regions such as the Permian Basin and the Gulf Coast region.
Targa's business model is built on providing integrated midstream services that enable efficient transportation and processing of hydrocarbons from production sites to market. Its comprehensive service offerings and strategically located assets enhance its competitive advantage, particularly as production increases in shale resource plays. The company continues to invest in expanding its capabilities, such as constructing new processing plants and pipelines to meet rising demand from producers and customers while capitalizing on the growing market for NGL exports and associated benefits.
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