Compare · MPLX vs TRGP
MPLX vs TRGP
Side-by-side comparison of MPLX LP (MPLX) and Targa Resources Inc. (TRGP): market cap, price performance, sector, and recent activity on the wire.
Summary
- MPLX operates in Energy, while TRGP operates in Utilities - the two are in different parts of the market.
- TRGP is the larger of the two at $60.59B, about the same size as MPLX ($57.91B).
- TRGP has hit the wire 2 times in the past 4 weeks while MPLX has been quiet.
- TRGP has more recent analyst coverage (25 ratings vs 24 for MPLX).
MPLX LP
MPLX LP owns and operates midstream energy infrastructure and logistics assets primarily in the United States. It operates in two segments, Logistics and Storage, and Gathering and Processing. The company is involved in the gathering, processing, and transportation of natural gas; gathering, transportation, fractionation, exchange, storage, and marketing of natural gas liquids; transportation, storage, distribution, and marketing of crude oil and refined petroleum products, as well as other hydrocarbon-based products; and sale of residue gas and condensate. Its pipeline network located throughout the United States and Alaska; storage caverns consist of butane, propane, and liquefied petroleum gas storage with locations in Neal in West Virginia, Woodhaven in Michigan, Robinson in Illinois, and Jal in New Mexico; and marine business owns and operates boats and barges, including third-party chartered equipment, as well as a marine repair facility located on the Ohio River. The company also transports light products, heavy oils, crude oil, renewable fuels, chemicals, and feedstocks in the Mid-Continent and Gulf Coast regions. In addition, its refining logistics assets operates 619 tanks with a storage capacity of approximately 56 million barrels; and 32 rail and truck racks, 18 docks, and gasoline blenders. Further, the company operates terminal facilities for the receipt, storage, blending, adultization, handling, and redelivery of refined petroleum products located throughout the continental United States and Alaska. MPLX GP LLC acts as the general partner of MPLX LP. The company was incorporated in 2012 and is based in Findlay, Ohio. MPLX LP is a subsidiary of Marathon Petroleum Corporation.
Targa Resources Inc.
Targa Resources Corp., together with its subsidiary, Targa Resources Partners LP, owns, operates, acquires, and develops a portfolio of midstream energy assets in North America. It operates in two segments, Gathering and Processing, and Logistics and Transportation. The company engages in gathering, compressing, treating, processing, transporting, and selling natural gas; storing, fractionating, treating, transporting, and selling natural gas liquids (NGL) and NGL products, including services to liquefied petroleum gas exporters; and gathering, purchasing, storing, terminaling, and selling crude oil. It is also involved in the purchase and resale of NGL products; and wholesale of propane, as well as provision of related logistics services to multi-state retailers, independent retailers, and other end-users. In addition, the company offers NGL balancing services; and transportation services to refineries and petrochemical companies in the Gulf Coast area, as well as purchases, markets, and resells natural gas. It operates approximately 28,700 miles of natural gas pipelines, including 42 owned and operated processing plants; and owns or operates a total of 34 storage wells with a gross storage capacity of approximately 75 million barrels. As of December 31, 2020, the company leased and managed approximately 694 railcars; 124 transport tractors; and 2 company-owned pressurized NGL barges. Targa Resources Corp. was incorporated in 2005 and is headquartered in Houston, Texas.
Latest MPLX
- MPLX LP to Report Third-Quarter Results on November 3, 2026
- Stifel resumed coverage on MPLX LP with a new price target
- SEC Form 8-K filed by MPLX LP
- Director Peiffer Garry L. was granted 1,232 units of Common Units, increasing direct ownership by 2% to 69,313 units (SEC Form 4)
- Director Walker Ray N Jr was granted 82 units of Common Units, increasing direct ownership by 2% to 4,609 units (SEC Form 4)
- Director Surma John P was granted 1,563 units of Common Units, increasing direct ownership by 2% to 95,448 units (SEC Form 4)
- Director Stice J Michael was granted 983 units of Common Units, increasing direct ownership by 2% to 58,413 units (SEC Form 4)
- Director Semple Frank M was granted 1,073 units of Common Units, increasing direct ownership by 2% to 63,476 units (SEC Form 4)
- Director Helms Christopher A was granted 1,337 units of Common Units, increasing direct ownership by 2% to 86,208 units (SEC Form 4)
- Director Breves Christine S was granted 219 units of Common Units, increasing direct ownership by 1% to 15,038 units (SEC Form 4)
Latest TRGP
- Targa Resources Corp. Announces Quarterly Common Dividend and Timing of Third Quarter 2026 Earnings Webcast
- PROPWR Signs New Power Contracts to Commit Approximately 230 Megawatts to Targa Resources Corp.
- Targa Resources upgraded by TD Cowen with a new price target
- SEC Form SD filed by Targa Resources Inc.
- Targa Resources Corp. Releases Sustainability Report
- Stifel resumed coverage on Targa Resources with a new price target
- Director Perkins Joe Bob gifted 8,370 shares (SEC Form 4)
- Officer Secrest Brent B. was granted 10,000 shares (SEC Form 4)
- New insider Secrest Brent B. claimed ownership of 2,500 shares (SEC Form 3)
- Director Chung Paul W sold $537,733 worth of shares (1,816 units at $296.11) (SEC Form 4)