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Security Profile
- Security Type
- Common Stock
- CUSIP
- 87612G101 (prev. 87611X105 )
- Market Cap
- Large Cap
- IPO
- 12/7/2010 · $22.00/share
- Previous Name
- Targa Resources Investments Inc.
Business: Targa Resources Corp owns general and limited partner interests, including incentive distribution rights, in Targa Resources Partners, a publicly traded Delaware limited partnership that is a leading provider of midstream natural gas and natural gas liquid services in the United States. Their IDRs entitle them to receive increasing percentages, up to 48%, of all cash distributed by the Partnership. Their interests in the Partnership consist of a 2% general partner interest, which they hold through their 100% ownership interest in the general partner of the Partnership (Targa Resources GP LLC); all of the outstanding IDRs; and common units of the Partnership. Their primary business objective is to increase their dividends to their stockholders by assisting the Partnership in executing their business strategy. Their cash flows are generated from the cash distributions they receive from the Partnership.
Company Contact
- CEO
- Joe Bob Perkins
- CFO
- Jennifer R. Kneale
- Headquarters
- 811 Louisiana Street, Suite 2100, Houston, TX 77002
- Phone
- 713-584-1000
- Fax
- 713-584-1100
- Investor Relations
- Sanjay Lad · 713-584-1000 · InvestorRelations@targaresources.com