Compare · NGL vs TRGP
NGL vs TRGP
Side-by-side comparison of NGL ENERGY PARTNERS LP (NGL) and Targa Resources Inc. (TRGP): market cap, price performance, sector, and recent activity on the wire.
Summary
- Both NGL and TRGP operate in Natural Gas Distribution (Utilities), so they compete in similar markets.
- TRGP is the larger of the two at $61.52B, about 28.2x NGL ($2.19B).
- TRGP has been more active in the news (14 items in the past 4 weeks vs 4 for NGL).
- TRGP has more recent analyst coverage (25 ratings vs 0 for NGL).
NGL ENERGY PARTNERS LP
NGL Energy Partners LP engages in the crude oil and liquids logistics, and water solution businesses. The company's Crude Oil Logistics segment purchases crude oil from producers and marketers, and transports it to refineries for resale at pipeline injection stations, storage terminals, barge loading facilities, rail facilities, refineries, and other trade hubs; and provides storage, terminaling, and pipeline transportation services. Its Water Solutions segment transports, treats, recycles, and disposes produced and flowback water generated from oil and natural gas production; disposes solids, such as tank bottoms, and drilling fluid and muds, as well as performs truck and frac tank washouts; and sells produced water for reuse and brackish non-potable water. The company's Liquids Logistics segment supplies natural gas liquids, refined petroleum products, and biodiesel to commercial, retail, and industrial customers in the United States and Canada through its 28 terminals, third-party storage and terminal facilities, and common carrier pipelines, as well as through fleet of leased railcars. This segment is also involved in the marine export of butane through its facility located in Chesapeake, Virginia; and offers terminaling and storage services. NGL Energy Holdings LLC serves as the general partner of the company. The company was founded in 1940 and is headquartered in Tulsa, Oklahoma.
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 NGL
- Director Raymond John T bought $432,002 worth of Common Units (26,626 units at $16.22), increasing direct ownership by 53% to 76,626 units (SEC Form 4)
- SEC Form 144 filed by NGL ENERGY PARTNERS LP
- NGL Energy Partners LP Announces First Quarter Fiscal 2027 Financial Results
- SEC Form 10-Q filed by NGL ENERGY PARTNERS LP
- NGL Energy Partners LP Announces Availability of its 2025 Schedule K-3s
- Chief Executive Officer Krimbill H Michael was granted 700,000 units of Common Units, increasing direct ownership by 24% to 3,678,615 units (SEC Form 4)
- Director Reiners Derek S was granted 24,000 units of Common Units, increasing direct ownership by 19% to 150,000 units (SEC Form 4)
- Director Guderian Bryan K was granted 24,000 units of Common Units, increasing direct ownership by 20% to 146,500 units (SEC Form 4)
- CFO & EVP Cooper Bradley P was granted 600,000 units of Common Units, increasing direct ownership by 300% to 800,000 units (SEC Form 4)
- Director Collingsworth James M was granted 24,000 units of Common Units (SEC Form 4)
Latest TRGP
- SEC Form 144 filed by Targa Resources Inc.
- Director Davis Waters S Iv sold $719,209 worth of shares (2,400 units at $299.67), decreasing direct ownership by 61% to 1,529 units (SEC Form 4)
- SEC Form 8-K filed by Targa Resources Inc.
- Targa Resources Corp. Announces Addition of Experienced Industry Executive and Leadership Changes to Support Continued Long-Term Growth
- Director Chung Paul W gifted 1,000 shares, decreasing direct ownership by 3% to 30,479 units (SEC Form 4)
- Chief Commercial Officer Muraro Robert was granted 20,000 shares, increasing direct ownership by 10% to 217,401 units (SEC Form 4)
- Targa Resources Corp. Announces 20-Year Agreements with ExxonMobil and Announces Three New Natural Gas Processing Plants in the Permian Delaware
- TD Cowen reiterated coverage on Targa Resources with a new price target
- SEC Form 10-Q filed by Targa Resources Inc.
- Targa Resources Inc. filed SEC Form 8-K: Results of Operations and Financial Condition, Regulation FD Disclosure, Financial Statements and Exhibits