Name | Value |
---|---|
Revenues | 3,403.7M |
Cost of Revenue | 2,401.0M |
Gross Profit | 1,002.7M |
Operating Expense | 353.6M |
Operating I/L | 649.1M |
Other Income/Expense | 1.4M |
Interest Income | 166.6M |
Pretax | 483.9M |
Income Tax Expense | 96.4M |
Net Income/Loss | 329.3M |
Targa Resources Corp. and its subsidiary, Targa Resources Partners LP, operate and develop midstream energy assets in North America. The company's Gathering and Processing segment involves gathering, compressing, treating, and selling natural gas, as well as storing, fractionating, and transporting natural gas liquids (NGL) and NGL products. Its Logistics and Transportation segment includes purchasing, selling, and transporting crude oil, as well as providing NGL balancing and transportation services to refineries and petrochemical companies. Targa Resources Corp. also engages in the wholesale of propane and offers related logistics services to retailers and end-users. The company operates approximately 28,400 miles of natural gas pipelines and owns or operates 34 storage wells with a gross capacity of 76 million barrels.