Targa Resources Corp. operates through two primary business segments: Gathering and Processing, and Logistics and Transportation. The Gathering and Processing segment involves gathering raw natural gas from wellheads, removing impurities, and extracting natural gas liquids (NGLs). The Logistics and Transportation segment focuses on converting mixed NGLs into marketable products, as well as transporting, storing, fractionating, and terminaling NGLs and crude oil. Geographically, the company's operations are concentrated in the United States, with a major presence in the Permian Basin, the Gulf Coast, and the Mont Belvieu NGL hub in Texas. Targa also provides services to liquefied petroleum gas (LPG) exporters through its Galena Park Marine Terminal on the Houston Ship Channel. As one of the largest independent midstream infrastructure companies in North America, Targa serves oil and gas producers, petrochemical companies, and industrial consumers.
