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)

1,870

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
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Executives & Employees

Chief Executive Officer

Executive Chairman

President

Chief Financial Officer

General Counsel & Secretary

President, Gathering & Processing

Director

Marketing Coordinator

Board of Directors

Executive Chairman at Targa Resources Partners LP

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

Former Chief Executive Officer at Targa Resources Corp.

Chief Executive Officer at Targa Resources Corp.

Principal Accounting Officer & Chief Financial Officer at Hi-Crush Partners LP

Former President & Chief Executive Officer at El Paso Electric Co.

Executive Advisor at CCMP Capital Advisors LLC

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

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

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Targa Resources Corp. purchases Targa Resources Partners LP

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Targa Resources Partners LP purchases Atlas Pipeline Partners LP

Transaction Advisors
Auditor

Advised onTarga Resources Partners LP issued Common Units

Underwriter

Advised onTarga Resources Partners LP issued Common Units

Underwriter

Advised onTarga Resources Partners LP issued Common Units

Legal Advisor

Advised onTarga Resources Partners LP issued Common Units

Underwriter

Advised onTarga Resources Partners LP issued Common Units

Professional

Advised onTarga Resources Partners LP issued 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.

With 4.4 million customers and more than 43,000 megawatts of generating capacity, Atlanta-based Southern Company (NYSE: SO) is the premier energy company serving the Southeast through its subsidiaries. A leading U.S. producer of clean, safe, reliable and affordable electricity, Southern Company owns electric utilities in four states and a growing competitive generation company, as well as fiber optics and wireless communications. Southern Company brands are known for energy innovation, excellent customer service, high reliability and retail electric prices that are below the national average. Southern Company and its subsidiaries are leading the nation's nuclear renaissance through the construction of the first new nuclear units to be built in a generation of Americans and are demonstrating their commitment to energy innovation through the development of a state-of-the-art coal gasification plant. Southern Company has been recognized by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer and listed by DiversityInc as a top company for Blacks. The company received the 2012 Edison Award from the Edison Electric Institute for its leadership in new nuclear development, was named Platts' 2011 Power Company of the Year and is continually ranked among the top utilities in Fortune's annual World's Most Admired Electric and Gas Utility rankings.

EOG Resources, Inc. is one of the largest independent (non-integrated) crude oil and natural gas companies in the United States with proved reserves in the United States, Canada, Trinidad, the United Kingdom and China. EOG Resources, Inc. is listed on the New York Stock Exchange and is traded under the ticker symbol “EOG.” At December 31, 2011, EOG’s estimated net proved crude oil, condensate and natural gas liquids reserves were 745 million barrels and estimated net proved natural gas reserves were 7,851 billion cubic feet for a total of 2,054 million barrels of oil equivalent. Approximately 84 percent of these reserves on a crude oil equivalent basis were located in the United States, 9 percent in Canada, 6 percent in Trinidad and less than 1 percent in the United Kingdom and China. At year-end 2011, EOG had approximately 2,550 employees

Key Stats and Financials As of 2018
Market Capitalization
Total Enterprise Value
Earnings Per Share
Revenue
$10.6B
EBITDA
$1.35B
Suppliers
Energy Transfer LP (Texas) Oil & Gas | Dallas, TX

Energy Transfer LP produces and sells propane and natural gas. The company owns and operates a diversified portfolio of energy assets. It operates through the following segments: Intrastate Transportation and Storage, Interstate Transportation and storage, Midstream, Liquids Transportation and Services, Investment in Sunoco Logistics Segment, Retail Marketing Segment and All Other Segment. The Intrastate Transportation and Storage segment owns and operates natural gas transportation pipelines and three natural gas storage facilities located in the state of Texas. The Interstate Transportation segment owns and operates natural gas pipeline and its pipelines are Transwestern pipeline, Tiger pipeline, Fayetteville Express pipeline and Midcontinent Express pipeline. The Midstream segment focuses on the gathering, compression, treating, blending, processing and marketing of natural gas. The Liquids Transportation and services segment provides pipelines transport mixed NGLs and other hydrocarbons from natural gas processing facilities to fractionation plants and storage facilities. The Sunoco Logistics Segment owns and operates a logistics business, consisting of a geographically diverse portfolio of complementary pipeline, terminalling, and acquisition and marketing assets which are used to facilitate the purchase and sale of crude oil and refined petroleum products. The Retail Propane segment owns one of the three largest retail propane marketers in the U.S. based on gallons sold. The company was founded by Kelcy Warren in 1995 and is headquartered in Dallas, TX.

The Blackstone Group, Inc. Trusts & Funds | NEW YORK, NY

The Blackstone Group, Inc. engages in the provision of investment and fund management services. It operates through the following segments: Private Equity, Real Estate, Hedge Fund Solutions, and Credit. The Private Equity segment consists of flagship corporate private equity funds, Blackstone Capital Partners funds, sector-focused corporate private equity funds, including energy-focused funds, Blackstone Energy Partners funds, and core private equity fund, Blackstone Core Equity Partners. The Real Estate segment includes management of core real estate fund and non-exchange traded restate investment trusts. The Hedge Fund Solutions segment comprises of Blackstone Alternative Asset Management, which manages hedge funds and includes Indian-focused and Asian-focused closed-end mutual funds. The Credit segment includes GSO Capital Partners LP, which manages credit-oriented funds. The company was founded by Stephen Allen Schwarzman in 1985 and is headquartered in New York, NY.

EOG Resources, Inc. Oil & Gas | Houston, TX

EOG Resources, Inc. is one of the largest independent (non-integrated) crude oil and natural gas companies in the United States with proved reserves in the United States, Canada, Trinidad, the United Kingdom and China. EOG Resources, Inc. is listed on the New York Stock Exchange and is traded under the ticker symbol “EOG.” At December 31, 2011, EOG’s estimated net proved crude oil, condensate and natural gas liquids reserves were 745 million barrels and estimated net proved natural gas reserves were 7,851 billion cubic feet for a total of 2,054 million barrels of oil equivalent. Approximately 84 percent of these reserves on a crude oil equivalent basis were located in the United States, 9 percent in Canada, 6 percent in Trinidad and less than 1 percent in the United Kingdom and China. At year-end 2011, EOG had approximately 2,550 employees

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

Kinder Morgan, Inc. is an energy infrastructure company. It 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 & storage systems, and natural gas & crude oil gathering systems and natural gas processing & treating facilities. The CO2 segment is focused 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 engages in 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 & 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 & jet fuel, propane, crude oil and condensate to various markets. The Kinder Morgan Canada segment is focused on the operation of 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 on August 23, 2006 and is headquartered in Houston, TX.

MPLX LP Oil & Gas - Findlay, Ohio

MPLX LP is a fee-based, growth-oriented limited partnership company. It is engaged in the gathering, processing and transportation of natural gas; the gathering, transportation, fractionation, storage and marketing of natural gas liquids; and the gathering, transportation and storage of crude oil and refined petroleum products. The company operates through two segments: Logistics & Storage and Gathering & Processing. The Logistics and Storage segment includes transportation and storage of crude oil, refined products and other hydrocarbon-based products. The Gathering and Processing segment engages in gathering and processing of natural gas. MPLX was founded in March 27, 2012 and is headquartered in Findlay, OH.

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)

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