News: Targa Resources Corp., a leading energy infrastructure company, recently released its annual report for the fourth quarter. In this article, we’ll delve into key details about Targa Resources, including financial performance, investor relations, share price trends, and additional resources. Targa Resources Corp., headquartered in Houston, Texas, is a Fortune 500 company that plays a crucial role in the energy industry. Let’s dive into what makes Targa special and how it contributes to our daily lives.

What Does Targa Do?

Targa is a midstream energy infrastructure company. But what does that mean? Well, let’s break it down:

1. Midstream Infrastructure: Targa owns, operates, acquires, and develops a diverse set of midstream assets. These assets connect the dots between where natural gas and natural gas liquids (NGLs) are produced (upstream) and where they’re needed (downstream).

2. Natural Gas and NGLs: Targa deals with two critical energy components:

1. Natural Gas: The clean-burning fuel that powers our stoves, heaters, and electricity plants.
2. NGLs: These are like natural gas’s versatile cousins. They include propane, butane, and ethane, which find their way into everything from plastics to petrochemicals.

Why Targa Matters

1. Supply Chain Heroes: Targa ensures that natural gas and NGLs flow smoothly from production areas (like the Permian Basin) to markets and consumers. Imagine a giant pipeline network crisscrossing the country, and you’ve got the right idea.

2. Mont Belvieu Hub: Ever heard of Mont Belvieu, Texas? It’s the NGL hub of North America. Targa has a strong presence there, making sure these valuable liquids get to where they’re needed most.

3. Low-Carbon Economy: Targa’s work supports a cleaner future. By efficiently moving natural gas and NGLs, they contribute to reducing carbon emissions. It’s like helping the planet breathe a little easier.

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Financial Highlights

1. Q4 2023 Results: Targa Resources Corp. reported record financial results for the fourth quarter of 2023. The company achieved impressive distributable cash flow and adjusted free cash flow. These figures reflect the robust performance of Targa’s operations during that period.

2. Full-Year 2023: Looking at the entire year, Targa’s distributable cash flow and adjusted free cash flow remained strong, totaling $1,541.4 million and $1,133.7 million, respectively. These numbers underscore the company’s stability and resilience in a dynamic energy market.

Investor Relations

Targa Resources Corp. actively engages with its investors. Here’s how:

1. Events and Presentations: The company participates in investor events and presentations. Stay informed by attending these sessions to gain insights into Targa’s strategies and outlook.

2. Stock Performance: Keep an eye on Targa’s stock performance. Visit their investor relations page for real-time stock quotes and historical price data.

Share Price Trends

Market Watch: Targa’s share price reflects market sentiment and company performance. Investors can track share prices through reliable financial news sources.

Additional Resources

Company Wiki: Explore Targa Resources Corp.’s Wikipedia page for comprehensive information about its history, operations, and leadership.

LinkedIn: Connect with Targa on LinkedIn to receive updates, industry news, and professional insights.

Targa Resources Corp. continues to thrive, delivering value to its shareholders and maintaining transparency with investors. Whether you’re a seasoned investor or just curious about the energy sector, Targa’s story is worth following.

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