Overview
Targa Resources Partners (Targa Resources) is the primary operations subsidiary of parent Targa Resources Corp. As an operations company, Targa Resources gathers, processes, transports, and sells natural gas, natural gas liquids (NGLs), crude oil, and refined petroleum products. It owns or operates approximately 28,900 miles of natural gas gathering pipelines and around 45 processing plants. It has a presence in many shale basins including the Permian,
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Read More Eagle Ford, Barnett, Anadarko, Ardmore, Arkoma, Williston, and the onshore and near offshore regions of the Louisiana Gulf Coast and the Gulf of Mexico.
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Read More Eagle Ford, Barnett, Anadarko, Ardmore, Arkoma, Williston, and the onshore and near offshore regions of the Louisiana Gulf Coast and the Gulf of Mexico.
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Matthew J Meloy
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Pipeline Transportation of Natural Gas
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Natural Gas Distribution
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Petroleum and Petroleum Products Merchant Wholesalers
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Natural gas transmission
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Natural gas distribution
See All Industries Gases, liquefied petroleum (propane)
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See All Industries Gases, liquefied petroleum (propane)
See Fewer Industries
Charter Bus Industry
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Couriers and Express Delivery Services
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Deep Sea, Coastal, and Great Lakes Water Transportation
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Freight Transportation Arrangement
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General Freight Trucking
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Inland Water Transportation
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Interurban and Rural Bus Transportation
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Local Messengers and Local Delivery
View more , Nonscheduled Air Transportation , Other Pipeline Transportation , Other Support Activities for Transportation , Other Transit and Ground Passenger Transportation , Pipeline Transportation of Crude Oil , Postal Service , Rail Transportation , Scenic and Sightseeing Transportation, Land , Scenic and Sightseeing Transportation, Other , Scenic and Sightseeing Transportation, Water , Scheduled Air Transportation , School and Employee Bus Transportation , Specialized Freight Trucking , Support Activities for Air Transportation , Support Activities for Rail Transportation , Support Activities for Road Transportation , Support Activities for Water Transportation , Taxi and Limousine Service , Urban Transit Systems Warehousing and Storage
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View more , Nonscheduled Air Transportation , Other Pipeline Transportation , Other Support Activities for Transportation , Other Transit and Ground Passenger Transportation , Pipeline Transportation of Crude Oil , Postal Service , Rail Transportation , Scenic and Sightseeing Transportation, Land , Scenic and Sightseeing Transportation, Other , Scenic and Sightseeing Transportation, Water , Scheduled Air Transportation , School and Employee Bus Transportation , Specialized Freight Trucking , Support Activities for Air Transportation , Support Activities for Rail Transportation , Support Activities for Road Transportation , Support Activities for Water Transportation , Taxi and Limousine Service , Urban Transit Systems Warehousing and Storage
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811 Louisiana St Ste 2100 Houston, TX, 77002-1412 United States
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Contacts
Get in Touch with 2 Principals* and 137 Contacts
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Matthew J MeloyChief Executive Officer
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Financial Statements
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Financial data as of ? (12 month period) in USD
Annual Revenue 2019
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USD
Actual
All financial statement data is in millions except per share data | Source: Morningstar
| Cash Flow (mil) | 2019 | 2018 | 2017 |
|---|---|---|---|
| Net Operating Cash | $1,363 | $1,214 | $858 |
| Net Investing Cash | -$3,071 | -$3,146 | -$1,893 |
| Net Financing Cash | $1,796 | $2,011 | $1,092 |
| Net Change in Cash | $88 | $79 | $57 |
| Cash at Beginning of Period | $203 | $125 | $68 |
| Cash at End of Period | $291 | $203 | $125 |
| Capital Expenditure | -$2,877 | -$3,114 | -$1,298 |
| Assets (mil) | 2019 | 2018 | 2017 |
|---|---|---|---|
| Current Assets | |||
| Cash and Cash Equivalents | $291 | $203 | $125 |
| Accounts Receivable | $855 | $864 | $826 |
| Inventories | $162 | $165 | $204 |
| Other Current Assets | $295 | $148 | $94 |
| Asset Summary | |||
| Total Current Assets | $1,603 | $1,380 | $1,249 |
| Tangible Fixed Assets | $14,549 | $12,928 | $10,430 |
| Intangible Assets | $1,735 | $1,983 | $2,166 |
| Total Assets | $18,744 | $16,890 | $14,359 |
| Liabilities (mil) | 2019 | 2018 | 2017 |
|---|---|---|---|
| Current Liabilities | |||
| Accounts Payable | $1,189 | $1,384 | $1,076 |
| Short-Term Debt | $370 | $1,028 | $350 |
| Other Current Liabilities | $411 | $474 | $188 |
| Liability Summary | |||
| Total Current Liabilities | $1,970 | $2,886 | $1,613 |
| Long-Term Debt | $6,979 | $5,197 | $4,268 |
| Other Long-Term Liabilities | $4 | $3 | $390 |
| Total Liabilities | $9,299 | $8,344 | $6,501 |
| Stakeholder's Equity (mil) | 2019 | 2018 | 2017 |
|---|---|---|---|
| Equity | |||
| Common Stock | $ | $ | $ |
| Retained Earnings | $ | $ | $ |
| Equity Summary | |||
| Total Equity | $6,044 | $7,275 | $7,383 |
| Shares Outstanding | 275,168,410 | 275,168,410 | 275,168,410 |