Targa

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CEO

Matthew J. Meloy

CEO Approval Rating

95/100

TARGA TOP COMPETITORS OR ALTERNATIVES

RANK

COMPANY

CEO

CEO RATING

EMPLOYEES

FUNDING

REVENUE

Targa's company profile
CEO Avatar

Matthew J. Meloy

CEO

95/100
2,460
$1.4B
$11.7B
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1
Targa's Competitor - DCP logo
Wouter Van Kempen's photo - Chairman & CEO of DCP

Wouter Van Kempen

Chairman & CEO

80/100
2,650
$193.5M
$7.8B
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2
Targa's Competitor - Enable Midstream logo
Rodney J. Sailor's photo - President & CEO of Enable Midstream

Rodney J. Sailor

President & CEO

74/100
1,705
$863M
$3.1B
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3
Targa's Competitor - Energy Transfer logo
Thomas E Long's photo - Co-CEO of Energy Transfer

Thomas E Long

Co-CEO

81/100
11,768
$441M
$52.1B
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4
Targa's Competitor - Kinder Morgan logo
Steven J Kean's photo - CEO of Kinder Morgan

Steven J Kean

CEO

73/100
11,012
$4.5B
$14.4B
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5
Targa's Competitor - Plains All American Pipeline logo
Willie Chiang's photo - Chairman & CEO of Plains All American Pipeline

Willie Chiang

Chairman & CEO

73/100
4,900
$2.3B
$30.1B
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6
Targa's Competitor - Magellan Midstream logo
Michael N. Mears's photo - Chairman & CEO of Magellan Midstream

Michael N. Mears

Chairman & CEO

77/100
1,868
$9.3M
$2.5B
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7
Targa's Competitor - ConocoPhillips logo
Ryan Lance's photo - Chairman & CEO of ConocoPhillips

Ryan Lance

Chairman & CEO

73/100
10,800
$4.4B
$30.2B
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8
Targa's Competitor - Enbridge logo
Al Monaco's photo - President & CEO of Enbridge

Al Monaco

President & CEO

67/100
11,200
$1.2B
$47.9B
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9
Targa's Competitor - Enterprise Products logo
A. J. Teague's photo - Co-CEO of Enterprise Products

A. J. Teague

Co-CEO

76/100
6,800
$264M
$32.6B
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10
Targa's Competitor - Exxon Mobil logo
Darren W. Woods's photo - Chairman & CEO of Exxon Mobil

Darren W. Woods

Chairman & CEO

74/100
71,000
$27.5B
$218.7B
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11
Targa's Competitor - ONEOK logo
Pierce H Norton II's photo - President & CEO of ONEOK

Pierce H Norton II

President & CEO

82/100
2,684
- -
$11.3B
View Profile
12
Targa's Competitor - Williams Companies logo
Alan S Armstrong's photo - President & CEO of Williams Companies

Alan S Armstrong

President & CEO

76/100
5,322
- -
$8.9B
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Missing a competitor? Contribute!

DCP is perceived as one of Targa's biggest rivals. DCP's headquarters is in Denver, Colorado, and was founded in 1929. DCP operates in the Oil & Gas Exploration, Production, Sales industry. DCP generates 66% of Targa's revenue.

Enable Midstream has been one of Targa's top competitors. Enable Midstream is a Public company that was founded in 2013 in Oklahoma City, Oklahoma. Enable Midstream operates in the Oil & Gas Exploration, Production, Sales industry. Compared to Targa, Enable Midstream has 754 fewer employees.

Energy Transfer is Targa's #3 rival. Energy Transfer was founded in Dallas, Texas} in 1996. Energy Transfer is in the Oil & Gas Exploration, Production, Sales industry. Compared to Targa, Energy Transfer generates $40.3B more revenue.

Targa Quarterly and Annual Revenue

Trailing 12-Months Trend (TTM)

Annual Revenue

$11.7B

Targa's revenue is the ranked 8th among it's top 10 competitors. The top 10 competitors average 36.3B. Over the last four quarters, Targa's revenue has grown by 61.5%. Specifically, in Q2 2021's revenue was $3.4B; in Q1 2021, it was $3.6B; in Q4 2020, it was $2.6B; in Q3 2020, Targa's revenue was $2.1B.

Targa Acquisitions

COMPANY ACQUIRED
ACQUISITION DATE
AMOUNT
DESCRIPTION

-

Outrigger Southern Delaware Operating, LLC

Mar 2017

Source »
undisclosed
-

-

Outrigger Delaware Operating, LLC

Mar 2017

Source »
undisclosed
-

-

Outrigger Midland Operating, LLC

Mar 2017

Source »
undisclosed
-
Atlas Pipeline Partners Lp

Oct 2014

Source »
$5.8B
Atlas Pipeline Partners, L.P. is a provider of natural gas gathering and processing service.
Atlas Energy Group, Llc

Oct 2014

Source »
$1.9B
Atlas Energy engages in the development and production of natural gas, crude oil, and natural gas liquids.

These are all the companies that Targa has acquired. Targa has acquired 7 companies and its latest acquisition was Outrigger Southern Delaware Operating, LLC in Mar 2017.

Targa Funding History

Since Targa was founded in 2003, it has participated in 2 rounds of funding. In total Targa has raised $1.4B. Targa's last funding round was on Mar 2016 for a total of $994.1M

ROUND

FUNDING DATE

AMOUNT

INVESTORS

Equity
Mar 2016
$994.1M
-
IPO
Dec 2010
$360.3M
-

Since Targa was founded in 2003, it has participated in 2 rounds of funding. In total Targa has raised $1.4B. Targa's last funding round was on Mar 2016 for a total of $994.1M

Targa Investments

No recent investments found related to Targa

Targa News

August 5, 2021FinanzNachrichten

Details of Targa Resources Corp. Q2 Earnings Report

WASHINGTON (dpa-AFX) - Below are the earnings highlights for Targa Resources Corp. (TRGP):-Earnings: ... See more »
August 5, 2021Citybizlist

Targa Resources Corp. Reports Second Quarter 2021 Financial Results and Increases 2021 Financial Outlook

HOUSTON, Aug. 05, 2021 (GLOBE NEWSWIRE) - Targa Resources Corp. (NYSE: TRGP) today reported second qu... See more »
July 19, 2021Law 360

V&E Adds Ex-Targa Associate GC As Partner In Houston

Vinson & Elkins LLP has added as a partner in its Houston office an attorney who previously served as... See more »
July 15, 2021Benzinga

Targa Resources Corp. Announces Quarterly Dividends and Timing of Second Quarter 2021 Earnings Webcast

HOUSTON, July 15, 2021 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE:TRGP) ("Targa" or the "Company... See more »
June 24, 2021Markets Insider

Where Targa Resources Stands With Analysts

Targa Resources (NYSE:TRGP) has observed the following analyst ratings within the last quarter: Last ... See more »
June 21, 2021MarketScreener

Targa Resources Corp. to Participate in J.P. Morgan Energy, Power & Renewables Conference

(marketscreener.com) HOUSTON, June 21, 2021 -- Targa Resources Corp. announced today that representat... See more »

Targa Press Releases

March 24, 2021GlobeNewswire

Targa Resources Corp. to Participate in Truist Securities Utilities, Midstream & Alternative Energy Summit

HOUSTON, March 24, 2021 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) ("Targa" or the "Compa... See more »
March 2, 2021GlobalNewswire

Targa Resources Partners LP Announces 2020 Schedules K-1 Available

HOUSTON, March 02, 2021 (GLOBE NEWSWIRE) -- Targa Resources Partners LP ("Targa Resources Partners" o... See more »
March 2, 2021GlobalNewswire

Targa Resources Partners LP Announces 2020 Schedules K-1 Available

HOUSTON, March 02, 2021 (GLOBE NEWSWIRE) -- Targa Resources Partners LP ("Targa Resources Partners" o... See more »
March 2, 2021StreetInsider

Targa Resources Partners LP Announces 2020 Schedules K-1 Available

HOUSTON, March 02, 2021 (GLOBE NEWSWIRE) -- Targa Resources Partners LP (Targa Resources Partners or ... See more »
February 2, 2021StreetInsider

Targa Resources Partners LP Announces Expiration and Final Results of Tender Offer for Its 5 1/8% Senior Notes due 2025

HOUSTON, Feb. 01, 2021 (GLOBE NEWSWIRE) -- Targa Resources Partners LP (Targa Resources Partners or t... See more »
November 19, 2020GlobeNewswire

Targa Resources Partners LP Announces Full Redemption of 9.00% Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units

HOUSTON, Nov. 19, 2020 (GLOBE NEWSWIRE) -- Targa Resources Partners LP (the "Partnership"), a subsidi... See more »
October 5, 2020GlobalNewswire

Targa Resources Corp. Announces $500 Million Common Share Repurchase Program and Provides Updated 2020 Outlook

HOUSTON, Oct. 05, 2020 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) ("Targa" or the "Compan... See more »

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Targa Headquarters

811 Louisiana Suite 2100

Houston, Texas77002

713-584-1000

Driving Directions »

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Targa Summary

ABOUT

Overview

Targa Resources, which trades on the New York Stock Exchange as NYSE: TRGP, is one of the leading midstream energy companies in the United States. Along with its subsidiary, Targa Resources Partners, the company acquires, owns, operates, and develops...

CEO

Targa's CEO, Matthew J. Meloy, currently has an approval rating of 95%. Targa's primary competitors are DCP, Enable Midstream & Energy Transfer.

Frequently Asked Questions about Targa

  1. When was Targa founded?

    Targa was founded in 2003
  2. Who is Targa's CEO?

    Targa's CEO is Matthew J. Meloy
  3. How much revenue does Targa generate?

    Targa generates $11.7B in revenue
  4. How much funding does Targa have?

    Targa has historically raised $1.4B in funding
  1. Where is Targa's headquarters?

    Targa's headquarters is in Houston Texas, USA
  2. How many employees does Targa have?

    Targa has 2,460 employees
  3. What sector does Targa operate in?

    Targa is in Oil & Gas Exploration, Production, Sales
  4. Who are Targa's competitors?

    Targa's top competitors are DCP, Enable Midstream, Energy Transfer