
What smart money is saying about Targa Resources
4 funds in our archive have pitched Targa Resources, most recently Bristolgate US Equity Strategy in March 2026.
Targa Resources Corp., alongside its subsidiary Targa Resources Partners LP, is a significant entity in the North American midstream energy sector, focusing on the ownership, operation, acquisition, and development of crucial energy infrastructure assets. Its business is structured into two main divisions: "Gathering and Processing" and "Logistics and Transportation." Within these segments, the company undertakes a broad range of activities, including the collection, compression, treatment, processing, transport, and sale of natural gas. It also manages the storage, fractionation, treatment, transportation, and distribution of natural gas liquids (NGLs) and their associated products, providing services even to liquefied petroleum gas (LPG) exporters. Furthermore, Targa handles the gathering, storage, terminaling, purchasing, and selling of crude oil. Beyond these core operations, the company is involved in the procurement and resale of NGL products, wholesale propane distribution, and providing related logistics support to a diverse clientele, including multi-state retailers, independent businesses, and end-users. It also offers NGL balancing services and transportation solutions for refineries and petrochemical companies situated in the Gulf Coast region, while actively purchasing, marketing, and reselling natural gas. The company's extensive asset base features approximately 28,400 miles of natural gas pipelines, including 42 owned and managed processing plants, and it operates 34 storage wells with a substantial gross capacity of about 76 million barrels. As of December 31, 2021, its transportation fleet comprised approximately 648 leased and managed railcars, 119 transport tractors, and two company-owned pressurized NGL barges. Targa Resources Corp. was established in 2005 and is headquartered in Houston, Texas.
Get an email when a fund buys, sells or pitches it
Fund signal · last 12 months
5 lettersToo few moves on Targa Resources yet for a clear signal
Moves described in fund letters in our archive. A sentence published word for word by several funds of one house in the same quarter counts once.
Position history
Between Q3 2025 and Q3 2026, 5 fund letters reported a position in Targa Resources, with 2 buys (opened or added) and 1 sell (trimmed or exited).
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q3 2026 | 2 | 0 | 1 | 0 |
| Q1 2026 | 3 | 2 | 0 | 2 |
| Q4 2025 | 0 | 0 | 0 | 1 |
| Q3 2025 | 0 | 0 | 0 | 1 |
Bought and Sold count moves: the same sentence published by several funds of one house in a quarter counts once.
Fund activity · 5 positions · 3 moves
- TrimmedOakmark FundSeptember 2026
“Why are we still overweight energy? Oakmark Fund currently owns two energy stocks, ConocoPhillips (COP) and Targa Resources (TRGP), which together total less than 6% of the portfolio.”
Targa Resources - September 2026
“Our only Energy holding, Targa Resources rose 1.3% while the energy sector gained 17.2%.”
Targa Resources - March 2026
“• Targa Resources was a contributor during the quarter.”
Targa Resources - New positionArtemis US Extended Alpha FundMarch 2026
“Purchases The biggest addition to the portfolio over the quarter was Targa Resources, a modestly valued energy company operating in the Permian Basin, the largest onshore oilfield in the US.”
Targa Resources - New positionArtemis US Select FundMarch 2026
“We initiated a position in Targa Resources, a midstream energy business active in transportation and storage in the US Permian field.”
Targa Resources
Also mentioned · 2
These funds discuss Targa Resources as a competitor, benchmark or comparable, without disclosing a position in it.
- MentionedTimesSquare U.S. Mid Cap GrowthJune 2026
“Targa Resources Corp. is involved in gathering, compressing, treating, processing, and transporting natural gas.”
Targa Resources - March 2026
“Targa Resources Corp. owns, operates, acquires, and develops natural gas infrastructure assets.”
Targa Resources
Fund coverage · 4 theses
- Bristolgate US Equity StrategyMarch 2026
Targa Resources is a fee-based midstream energy infrastructure company positioned to benefit from Permian production growth and strong dividend growth.
Read the full thesis - Artemis US Select FundMarch 2026
Targa Resources is a Permian-focused midstream operator in gas and NGLs with growth supported by faster NGL production and new pipeline and export investments.
Read the full thesis - Oakmark Select FundDecember 2025
Targa Resources is a leading NGL midstream operator with cost advantages, fee-based earnings stability, and an attractive valuation despite Permian growth uncertainty.
Read the full thesis - Oakmark Global FundSeptember 2025
Targa Resources is a leading midstream natural gas and NGL company with significant competitive advantages and stable earnings from long-term contracts, well-positioned for growth despite recent market uncertainties.
Read the full thesis
Read every full thesis on Targa Resources
Read all 4 theses in full, with each fund's reasoning, and get unlimited access to the archive.
View plans→