Valued at a market cap of $43.4 billion, Targa Resources Corp. (TRGP) is an energy infrastructure company specializing in midstream services, including the gathering, processing, and transporting of natural gas and natural gas liquids. The Houston, Texas-based company operates primarily in North America, with a strong presence in Mont Belvieu, TX, and the Permian Basin.
Shares of Targa Resources have significantly outperformed the broader market over the past 52 weeks. TRGP stock has jumped 131.3% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 30.6%. In 2024, shares of TRGP are up 129.1%, compared to SPX's 23.6% gain on a YTD basis.
