Houston, Texas-based Targa Resources Corp. (TRGP) owns, operates, acquires, and develops a portfolio of complementary domestic midstream infrastructure assets. Valued at a market cap of $44.6 billion, the company primarily derives its revenues from gathering, compressing, treating, processing, and selling natural gas.
Shares of this energy company have significantly outpaced the broader market over the past 52 weeks. Targa Resources has rallied 131.1% over this time frame, while the broader S&P 500 Index ($SPX) has gained 23.5%. Moreover, on a YTD basis, the stock is up 14.5%, compared to SPX’s 4% rise.
