Introduction
The business model of Targa Resources is one that helps it to thrive in the energy industry. The company provides products and services to its customers, which are primarily companies and organizations that provide oil, natural gas, energy and other related products. Targa Resources has a strong reputation in the market because of its ability to be innovative when dealing with issues related to their business model. Keep reading for more information about this organization!
Description of the organization
Targa Resources is an oil and gas company based in Houston, Texas. It is a publicly traded company on the New York Stock Exchange (TRGP). The company was formerly known as Targa Midstream Partners LP. Targa Resources was founded in 2007 and had its IPO on February 4th, 2011. In 2016, it became one of the first companies to transition from master limited partnership status to public corporation status when it merged with Targa Midstream Partners LP. On December 29th 2017, it changed its name from Targa Resources Corp to Targa Resources Corp (Targa)
Targa has grown significantly since its inception by acquiring other companies such as the acquisitions of Cactus Gas Storage LLC for $1 billion dollars in 2013 and Lariat Pipeline Company Incorporated for $375 million dollars during that same year. Also notable are the purchases made by EnerVest Ltd which include about $4 billion worth of assets including pipelines which helped increase revenue by 20%.
The business model of Targa Resources
- The business model of Targa Resources
- Targa Resources is an energy company that is involved in the production, exploration, and transportation of natural gas.
- Targa Resources is a publically traded company that is based in Houston, Texas.
Products offered by Targa Resources
Targa Resources is a midstream company. This means that the company owns and operates assets in the oil and gas industry, including processing plants, pipelines and storage facilities. Because Targa Resources has such a large footprint in oil and gas production, it can transport its own product from wells to refineries or export terminals at a lower cost than others in the industry.
Because Targa Resources is an integrated energy company, it makes sense that they produce both oil and natural gas liquids (NGL). NGLs are byproducts of oil production; they include ethane, propane, butanes and pentanes. The price of these products depends on several factors: supply/demand dynamics; weather conditions; geopolitical events; etcetera…
Demographic of Targa Resources
Targa Resources is a publicly traded company with a market capitalization of about $4 billion. It’s headquartered in Houston, Texas and has been publicly traded since 1997. Targa Resources produces natural gas in the Arkoma Basin of Oklahoma and Kansas, but also owns oil and gas assets in Louisiana, Mississippi and Texas.
Organization culture of Targa Resources
Targa Resources is a company that is known for its high energy and work environment. Targa Resources’ employees are encouraged to share ideas, make suggestions on how to improve processes, and they are provided with the resources necessary to accomplish tasks. Targa Resources sets an example of how a successful business should operate by treating employees fairly and compensating them fairly for their hard work.
Targa Resources’ decision-making process begins with research and data collection. Targa Resources maintains an open door policy in which any employee may approach management with concerns or suggestions as long as this does not negatively affect productivity or profit margins. Once all relevant information has been gathered and analyzed, appropriate action is taken by senior management based upon what was learned from this process.
Pros and con of working at Targa Resources
Pro: It is challenging and rewarding to see your hard work come to fruition.
Con: You don’t always get the chance to take on new challenges or roles within the company that you want.
Future of the company
The future of Targa Resources is dependent on the growth of the energy industry. The company has done an excellent job at cultivating loyal customers and building a portfolio in order to ensure long-term success. As more people turn to clean and renewable sources of energy, they will look towards companies like Targa Resources for their supply needs.
Targa Resources is one of the many businesses that make up part of the energy industry.
Targa Resources is one of many businesses that make up part of the energy industry. The company provides oil and gas services, but it also has other products like propane and sulfuric acid.
Targa Resources is a private company that can be traded as an American Depositary Receipt (ADR) on the New York Stock Exchange (NYSE). It’s also publicly listed on both NYSE and Toronto Venture Exchange (TSXV).
In addition to being publicly traded, Targa Resources is a publically traded company. In other words, anyone can buy shares in this business without needing permission from any third party!
Conclusion
The business model of Targa Resources is fairly simple, with a focus on the energy industry. The company provides a wide range of services including exploration, production and refining of oil and gas. Targa Resources has been able to achieve success in its field due to its ability to adapt quickly as well as its commitment to innovation.
