Last deal

$2B

Amount

Post-IPO Debt

Stage

06.11.2023

Date

3

all rounds

$4.75B

Total amount

date founded

Financing round

General

About Company
Targa is a leading midstream energy company in North America.

Industry

Sector :

Subsector :

Keywords :

Also Known As

Targa, Targa Resources Investments, Targa Resources, Inc

founded date

01.01.2006

Number of employees

Company Type

For Profit

Last funding type

Post-IPO Debt

IPO status

Private

Description

Targa owns, operates, acquires, and develops a diverse portfolio of midstream energy assets. They are engaged in various activities such as gathering, compressing, treating, processing, and selling natural gas, as well as storing, fractionating, treating, transporting, and selling NGLs and NGL products. They also gather, store, and terminal crude oil, and store, terminal, and sell refined petroleum products. Targa's assets are strategically located in attractive basins in the U.S. and interconnected with key NGL markets and logistics centers. They have a strong presence in multiple shale and natural resource plays, including the Permian Basin, Barnett Shale, Bakken Shale, Eagle Ford Shale, Anadarko Basin, Arkoma Basin, onshore Louisiana, and the Gulf of Mexico. Targa has a leading position at Mont Belvieu, the NGL hub of North America, with significant fractionation ownership and world-class LPG export facilities at their Galena Park Marine Terminal. Additionally, Targa operates the Grand Prix natural gas liquids pipeline.
Legal Names

Legal name

Targa Resources Corp.
Sub-Organizations
8

Venice Energy Services

Venice Energy Services Company owns and operates a natural gas processing and NGL fractionation complex.

Sector

Gas, Water and Multi-utilities

Subsector

Gas Distribution

Location

Venice, Boothville-Venice, LA 70091, USA
Venice Gathering System

Venice Gathering System

Venice Gathering System, L.L.C. is a company that transports natural gas across state lines.

Sector

Gas, Water and Multi-utilities

Subsector

Gas Distribution

Keywords

Transportation

Location

Houston, TX, USA

Versado Gas Processors

Versado Gas Processors LLC operates a natural gas gathering and processing system.

Sector

Gas, Water and Multi-utilities

Subsector

Gas Distribution

Keywords

Oil and Gas, Energy

Location

Houston, TX, USA
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Subsector

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Subsector

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Location

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M&A Details
1

Acquired by

ArcLight Capital

announced date

17.05.2022

price

$857M

Financials

Funding Rounds
3
3

Number of Funding Rounds

$4.75B

Money Raised

Their latest funding was raised on 06.11.2023. Their latest round Post-IPO Debt

Date 
Funding Round 
Investors 
Money Raised 
Lead 
06.11.2023
$2B
03.01.2023
$1.75B
Stonepeak Infrastructure Partners

Stonepeak Infrastructure Partners

Stonepeak is a leading alternative investment firm specializing in infrastructure.

Sector

Investment Banking and Brokerage Services

Subsector

Asset Managers and Custodians

Keywords

Financial Services, Venture Capital, Real Estate Investment

Location

New York, NY, USA

total rounds

2

total raised

$350M

count Of Investments

34

count Of Exists

10
Co-Investors
Investors
1
1

Number of lead investors

1

Number of investors

Investor 
Lead 
Round 
Partners 
Stonepeak Infrastructure Partners

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Stonepeak is a leading alternative investment firm specializing in infrastructure.

Sector

Investment Banking and Brokerage Services

Subsector

Asset Managers and Custodians

Keywords

Financial Services, Venture Capital, Real Estate Investment

Location

New York, NY, USA

total rounds

2

total raised

$350M

count Of Investments

34

count Of Exists

10
Acquisitions
2
Lucid Energy Group acquired by Targa Resources Partners

Lucid Energy Group acquired by Targa Resources Partners

acquirer

Targa Resources Partners
Targa Resources Partners

date

16.06.2022

type

Acquisition

price

$3.55B
Lucid Energy Group

Lucid Energy Group

LUCID ENERGY GROUP provides midstream services to producers in the Permian Basin.

Sector

Oil, Gas and Coal

Subsector

Pipelines

Location

Dallas, TX, USA

total rounds

5

total raised

$1.46B
Atlas Pipeline Partners acquired by Targa Resources Partners

Atlas Pipeline Partners acquired by Targa Resources Partners

acquirer

Targa Resources Partners
Targa Resources Partners

date

27.02.2015

type

Acquisition
Atlas Pipeline Partners

Atlas Pipeline Partners

Atlas Pipeline Partners is a company that provides natural gas gathering, processing and treating services.

Sector

Oil, Gas and Coal

Subsector

Pipelines

Location

Coraopolis, PA 15108, USA

People

Employee Profiles
214

Charles Marshall

Manager, investor relations and fundamentals

Joel Farr

Ngl pipeline controller lll

Andres Martinez

Business data analytics engineer

Kevin Mosby

Senior financials analyst

Jonathan Saade

Ngl downstream and gas marketing senior analyst

Andrew White

Senior manager, it demand and service delivery at targa resources

Adam Schmidt

Corporate recruiter

Jennifer Suttle

Procurement coordinator, permian basin operations

Activity

Recent News
6
News Timeline

The graph reveals the ratio (%) of positive news articles in a chosen time range

week