Targa Resources Corp. (TRGP)

Targa Resources Corp. provides midstream natural gas and natural gas liquids services. It also provides gathering, storing, and terminaling crude oil, and storing, terminaling, and selling refined petroleum products. It operates through the Gathering and Processing and Logistics and Transportation segments. The Gathering and Processing segment includes assets used in the gathering of natural gas produced from oil and gas wells and processing this raw natural gas into merchantable natural gas by extracting NGLs and removing impurities, and assets used for crude oil gathering and terminaling. The Logistics and Transportation segment focuses on the activities necessary to convert mixed NGLs into NGL products and provides certain value-added services such as the storing, fractionating, terminaling, transporting and marketing of NGLs and NGL products, including services to LPG exporters, and the storing and terminaling of refined petroleum products and crude oil and certain natural gas supply and marketing activities in support of its other businesses. The company was founded in October 2005 and is headquartered in Houston, TX.

Address

TARGA RESOURCES PARTNERS LP

HOUSTON, TX 77002

Founded

2005

Number of Employees

3,182

Website

http://www.targaresources.com

Buyback

Buyback Data	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	Average
$ Amount Purchased ($ in 000s)	$2,633	$3,214	$3,223	$3,365	$4,034	$13,840	$97,426	$53,246	$260,554	$429,295	$515,493	$126,029
Average Price	$119.87	$85.91	$39.70	$46.89	$50.35	$40.29	$17.03	$46.18	$64.93	$76.83	$111.75	$63.82
# Shares Purchased	21,968	37,417	81,203	71,760	80,113	343,531	5,721,015	1,153,136	4,012,607	5,587,508	4,612,927	1,974,835

Buyback Performance	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	Average
Total Return to Date	23.5%	72.3%	272.8%	215.6%	193.9%	267.4%	769.1%	220.5%	127.9%	92.6%	32.4%	131.9%
S&P 500 Return to Date	181.9%	173.0%	168.6%	129.7%	104.9%	93.1%	74.8%	31.7%	37.3%	31.3%	7.4%	94.0%
Excess Total Return	-158.4%	-100.7%	104.2%	85.9%	89.1%	174.2%	694.2%	188.9%	90.7%	61.3%	25.0%	37.9%
Quartile Rank
Percentile Rank	39%	53%	83%	84%	87%	93%	98%	97%	95%	95%	91%	88%

Buyback returns calculated using weighted average buyback price over the last 10 years and comparing to current day stock price value. S&P 500 used as benchmark for excess return.

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