Targa Resources Partners LP

Targa Resources Partners LP

Targa Resources Partners LP

Overview
Date Founded

2006

Headquarters

1000 Louisiana Street,Suite 4300,Houston, TX 77002

Type of Company

Private

Employees (Worldwide)

1,001 - 5,000

Industries

Oil & Gas
Other Business & Consulting Services
Power & Utilities

Company Description

Targa Resources Partners is a Delaware limited partnership engaged in the business of gathering, compressing, treating, processing and selling natural gas and storing, fractionating, treating, transporting and selling natural gas liquids, or NGLs, and NGL products. The Partnership owns an extensive network of integrated gathering pipelines and gas processing plants and currently operates along the Louisiana Gulf Coast, accessing the Coastal and offshore region of Louisiana, the Permian Basin in West Texas and Southeast New Mexico and the Fort Worth Basin in North Texas. Additionally, our natural gas liquids logistics and marketing assets are located primarily at Mont Belvieu and Galena Park near Houston, Texas and in Lake Charles, Louisiana with terminals and transportation assets across the United States. Targa Resources Partners is managed by its general partner, Targa Resources GP LLC, which is indirectly wholly owned by Targa Resources Corp. (NYSE: TRGP). Our primary objective is to provide increasing cash distributions to our unitholders over time. Our business strategies focus on creating and increasing value for our unitholders through efficient operations, disciplined risk management and prudent growth through organic projects and acquisitions

Contact Data
Trying to get in touch with decision makers at Targa Resources Partners LP? Subscribe today to access their professional contact information and receive a one time promotion of free Contact Data credits!
Executives & Employees

Chief Executive Officer & Director

Chief Financial Officer

Chief Commercial Officer

Executive Vice President-Operations

President-Gathering & Processing

President-Logistics & Marketing

Director

Director

Board of Directors

Former President & Chief Executive Officer at Duke Energy Gas Transmission Co.

Former Chief Executive Officer at Targa Resources Corp.

Executive Chairman at Tri Resources, Inc.

Controller at TayganPoint Consulting Group, Inc.

Director at ICE Data Services, Inc.

Independent Director of Targa Resources GP LLC at Targa Resources Partners LP

President, Chief Executive Officer & Director at Targa Resources Corp.

Former Senior Vice President-Sales & Origination at Shell Energy North America (US) LP

Executive Advisor at CCMP Capital Advisors LLC

Director at Targa Resources Partners LP

Paths to Targa Resources Partners LP
Potential Connections via
Relationship Science
You
Targa Resources Partners LP
Recent Transactions
Details Hidden

Targa Resources Partners LP, Targa Resources Corp. purchase Outrigger Energy Investments LLC /3 Subs from Outrigger Energy Investments LLC

Details Hidden

Targa Resources Corp. purchases Targa Resources Partners LP

Details Hidden

Targa Resources Partners LP purchases Atlas Pipeline Partners LP

Transaction Advisors
Auditor

Advised onTarga Resources Partners LP issued USD Common Units

Underwriter

Advised onTarga Resources Partners LP issued USD Common Units

Underwriter

Advised onTarga Resources Partners LP issued USD Common Units

Co-Head, M&A Practice Group

Advised onTarga Resources Partners LP issued USD Common Units

Underwriter

Advised onTarga Resources Partners LP issued USD Common Units

Professional

Advised onTarga Resources Partners LP issued USD Common Units

Advisors & Consultants
Legal Advisor

Partner at Kirkland & Ellis LLP

Clients

Intercontinental Exchange, Inc. engages in the management of online marketplace. It operates through the Trading and Clearing; and Data and Listings segments. The Trading and Clearing segment offers transaction-based executions and clearing activities. The Data and Listings segment includes securities and subscription-based data services. The company was founded by Jeffrey C. Sprecher in May 2000 and is headquartered in Atlanta, GA.

Southern Company is an American gas and electric utility holding company based in the southern United States. It is headquartered in Atlanta, Georgia, with executive offices also located in Birmingham, Alabama. The company is currently the second largest utility company in the U.S. in terms of customer base. Through its subsidiaries it serves 9 million gas and electric utility customers in 6 states. Southern Company's regulated regional electric utilities serve a 120,000-square-mile (310,000 km2) territory with 27,000 miles (43,000 km) of distribution lines.

ONE Gas, Inc. engages in the provision of natural gas distribution services. It also offers natural gas to residential, commercial, industrial, and transportation customers. The company was founded in 1906 and is headquartered in Tulsa, OK.

Key Stats and Financials As of 2019
Market Capitalization
Total Enterprise Value
Earnings Per Share
Revenue
$8.68B
EBITDA
$1.5B
Non-Profit Donations & Grants
$1,000 - $4,999
2017
Suppliers
ETP Legacy LP Oil & Gas | Dallas, TX

ETP Legacy LP produces and sells propane and natural gas. It owns and operates a diversified portfolio of energy assets. The company was founded by Kelcy Warren in 1995 and is headquartered in Dallas, TX.

Apache Corp. Oil & Gas | Houston, TX

Apache Corp. operates as an energy company, which engages in the exploration, development, and production of natural gas, crude oil, and natural gas liquids. The company was founded by Truman Anderson, Raymond Plank, and Charles Arnao on December 6, 1954 and is headquartered in Houston, TX.

Pioneer Natural Resources Co. Oil & Gas | Irving, TX

Pioneer Natural Resources is a large independent oil and natural gas company that is focused on helping meet the world’s energy needs. We deliver strong production and reserve growth through onshore exploration and production in the United States, while providing opportunities for growth and enrichment for business partners, employees and the communities in which we operate. With a foundation of long-lived and stable properties providing steady growth, Pioneer’s advanced technology, strategic practices and integrated services model make us an industry leader in developing new resource plays, especially in Texas. Pioneer is one of the most active drillers in Texas’ Spraberry/Wolfcamp oil field in the Permian Basin and the Eagle Ford Shale play in South Texas. We are one of the largest natural gas operators in the Rockies and Mid-Continent regions with assets in the coal bed methane-rich Raton Basin as well as in the Hugoton and Texas Panhandle gas fields. Our operations include ongoing drilling programs in Texas’ liquids-rich Barnett Shale Combo play and in Alaska’s Oooguruk field, where Pioneer became the first independent operator to produce oil on the North Slope

Competitors
Kinder Morgan, Inc. Oil & Gas - Houston, TX

Kinder Morgan, Inc. is an energy infrastructure company, which engages in the operation of pipelines and terminals that transport natural gas; gasoline; crude oil; carbon dioxide (CO2) and other products and stores petroleum products chemicals; and handles bulk materials like ethanol, coal, petroleum coke and steel. The firm operates through the following segments: Natural Gas Pipelines, CO2, Terminals, Product Pipelines, and Kinder Morgan Canada. The Natural Gas Pipelines segment engages in the ownership and operation of major interstate and intrastate natural gas pipeline and storage systems, natural gas and crude oil gathering systems, and natural gas processing and treating facilities. The CO2 segment focuses on the production, transportation, and marketing of CO2 to oil fields that use CO2 as a flooding medium for recovering crude oil from mature oil fields to increase production. The Terminals segment consists of the ownership and operation of liquids and bulk terminal facilities located throughout the U.S. and portions of Canada that transload and store refined petroleum products, crude oil, chemicals, ethanol and bulk products, including coal, petroleum coke, fertilizer, steel and ores. The Products Pipelines segment owns and operates refined petroleum products, NGL and crude oil and condensate pipelines that primarily deliver, among other products, gasoline, diesel and jet fuel, propane, crude oil, and condensate to various markets. The Kinder Morgan Canada segment operates the Trans Mountain pipeline system that transports crude oil and refined petroleum products from Edmonton, Alberta, Canada for marketing terminals and refineries in British Columbia, Canada and the state of Washington. The company was founded by Richard D. Kinder and William V. Morgan in February 1997 and is headquartered in Houston, TX.

Energy Transfer LP Oil & Gas - Dallas, TX

Energy Transfer is a Texas-based company that began in 1995 as a small intrastate natural gas pipeline operator and is now one of the largest and most diversified investment grade master limited partnerships in the United States. Growing from roughly 200 miles of natural gas pipelines in 2002 to approximately 69,000 miles of natural gas, natural gas liquids (NGLs), refined products, and crude oil pipelines today, the Energy Transfer family of partnerships remains dedicated to providing exceptional service to its customers and attractive returns to its investors. Through several recent transformative transactions, we have expanded our scope of services and increased our focus on the transportation of heavier hydrocarbons. While we remain committed to the prolific natural gas industry, we enhanced our diversified portfolio of assets by making a strategic entrance into the NGL business through the acquisition of Louis Dreyfus’ NGL storage, fractionation and transportation operations in 2011. In 2012, we acquired Southern Union Company, a leading diversified natural gas company, which expanded our national footprint and added more than 20,000 miles of gathering and transportation pipelines to our portfolio. More recently, we made a strong entrance into the crude oil and refined products business by acquiring Sunoco, Inc., including its interest in Sunoco Logistics Partners L.P. (SXL). These acquisitions, together with our already robust asset base, have enabled Energy Transfer to become a premier provider of services to producers and consumers of natural gas, NGLs, crude oil, and refined products. To improve operating efficiencies within the Energy Transfer family, in October 2012 we formed ETP Holdco Corporation, which is owned 60% by ETE and 40% by ETP and controlled through a majority board membership by ETP. ETP Holdco owns a 100% equity interest in Southern Union Company and Sunoco, Inc. (excluding SXL)

Enterprise Products Partners LP Oil & Gas - Houston, TX

Enterprise Products Partners LP operates as holding company, which engages in the production and trade of natural gas and petrochemicals. It operates through the following segments: NGL Pipelines & Services, Crude Oil Pipelines & Services, Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services. The NGL Pipelines & Services segment manages natural gas processing plants. The Crude Oil Pipelines & Services segment stores and markets crude oil products. The Natural Gas Pipelines & Services segment stores and transports natural gas. The Petrochemical & Refined Products Services segment offers propylene fractionation, butane isomerization complex, octane enhancement, and refined products. The company was founded by Dan L. Duncan in April 1998 and is headquartered in Houston, TX.

This web site is not endorsed by, directly affiliated with, maintained, authorized, or sponsored by Targa Resources Partners LP. The use of any trade name or trademark is for identification and reference purposes only and does not imply any association with the trademark holder. The Presence of Targa Resources Partners LP's profile does not indicate a business or promotional relationship of any kind between RelSci and Targa Resources Partners LP.