Targa Resources Partners LP, founded in 2005 and headquartered in Houston, Texas, is a leading provider of natural gas and natural gas liquids services in North America. The company focuses on the gathering, processing, and transportation of natural gas, as well as handling natural gas liquids, which are critical components in energy production and distribution.
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Targa has been active in the bond market since at least 2014, with significant issuances including a $1 billion offering in 2017 to refinance existing debt and support growth initiatives. As of October 2023, Targa's bonds have yielded around 5.5%, which is competitive compared to the broader energy sector. Notably, Targa's 2022 issuance included green bond features, reflecting their commitment to sustainability, and their historical bond performances have demonstrated resilience during market fluctuations, highlighted by a strong interest from retail investors in times of economic uncertainty.