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Last $89.67 USD
Change Today -1.42 / -1.56%
Volume 603.6K
TRGP On Other Exchanges
New York
As of 4:15 PM 07/30/15 All times are local (Market data is delayed by at least 15 minutes).

targa resources corp (TRGP) Snapshot

Previous Close
Day High
Day Low
52 Week High
09/9/14 - $143.46
52 Week Low
01/14/15 - $82.09
Market Cap
Average Volume 10 Days
Shares Outstanding
Dividend Yield
Current Stock Chart for TARGA RESOURCES CORP (TRGP)

targa resources corp (TRGP) Related Businessweek News

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targa resources corp (TRGP) Details

Targa Resources Corp., through its general and limited partner interests in Targa Resources Partners LP, provides midstream natural gas and natural gas liquid (NGL) services in the United States. The company operates in two divisions, Gathering and Processing, and Logistics and Marketing. It is involved in gathering, compressing, treating, processing, and selling natural gas; storing, fractionating, treating, transporting, terminaling, and selling NGLs and NGL products; gathering, storing, and terminaling crude oil and refined petroleum products. The company also purchases and resells component NGL products; sells propane and provides related logistics services to multi-state retailers, independent retailers, and other end-users; offers NGL balancing services; and provides transportation services to refineries and petrochemical companies in the Gulf Coast area. It operates approximately 11,400 miles of natural gas pipelines, including 12 owned and operated processing plants; and 39 storage wells with a net storage capacity of approximately 64 million barrels. As of December 31, 2014, the company leased and managed approximately 716 railcars; 75 owned and leased transport tractors; and 22 company-owned pressurized NGL barges. Targa Resources Corp. was founded in 2005 and is headquartered in Houston, Texas.

1,350 Employees
Last Reported Date: 02/17/15
Founded in 2005

targa resources corp (TRGP) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: $1.7M
President and Chief Operating Officer
Total Annual Compensation: $1.5M
Executive Chairman
Total Annual Compensation: $1.2M
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $929.2K
President of Finance & Administration
Total Annual Compensation: $1.3M
Compensation as of Fiscal Year 2014.

targa resources corp (TRGP) Key Developments

Targa Resources Corp. Elects Waters S. Davis, IV to Board of Directors

Targa Resources Corp. announced the election of Waters S. Davis, IV to its board of directors. Mr. Davis is currently the president of the National Christian Foundation Houston, serves as an executive advisor with CCMP Capital Advisors and also serves on the boards of ESOL, Newark Energy, and Milacron. Mr. Davis previously served as president of Reliant Energy Retail Services and executive vice president of Spark Energy, two of the early pioneers in the retail energy business, as well as energy practice leader at McKinsey & Company. He also served as a senior executive at a number of private companies, providing operational and strategic guidance.

Targa Resources Corp. Declares A Quarterly Cash Dividend, Payable on August 17, 2015

Targa Resources Corp. announced that its board of directors has declared a quarterly cash dividend of 87.50 cents per share, or $3.50 per common share on an annualized basis, for the second quarter 2015. The approved dividend represents increases of approximately 5% over the previous quarter's dividend and 27% over the dividend for the second quarter 2014. This cash dividend will be paid August 17, 2015 on all outstanding common shares to holders of record as of the close of business on August 3, 2015.

Targa Resources Corp. Announces Resignation of Peter R. Kagan from the Board of Directors

On May 18, 2015, Mr. Peter R. Kagan resigned from the Board of Directors of Targa Resources Corp. effective May 18, 2015. Mr. Kagan’s resignation was not as a result of any disagreement with the company regarding any matter related to its operations, policies or practices.


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TRGP Competitors

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Company Last Change
EnLink Midstream Partners LP $20.06 USD -0.24
Murphy Oil Corp $34.97 USD +0.74
NiSource Inc $17.12 USD +0.08
Targa Resources Partners LP $38.27 USD -1.65
UGI Corp $36.60 USD +0.32
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Industry Average

Valuation TRGP Industry Range
Price/Earnings 45.7x
Price/Sales 0.5x
Price/Book 3.4x
Price/Cash Flow 10.7x
TEV/Sales NM Not Meaningful

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