Targa Resources Corp. Completes Acquisition of Stakeholder Midstream for $1.25 Billion
On January 6, 2026, Targa Resources Corp. (NYSE: TRGP) announced the successful completion of its acquisition of Stakeholder Midstream, LLC for a total cash consideration of $1.25 billion. This acquisition is effective as of January 1, 2026, marking a significant strategic move for Targa in the midstream sector.
Details of the Acquisition
The acquisition of Stakeholder Midstream positions Targa Resources Corp. as a more formidable player within the competitive landscape of midstream services. This strategic buy is designed to enhance Targa's portfolio while optimizing the efficiency and reliability of energy delivery throughout the United States and internationally.
- Effective Date: January 1, 2026
- Acquisition Cost: $1.25 billion in cash
- Target: Stakeholder Midstream, LLC
About Targa Resources Corp.
Targa Resources Corp. is recognized as one of the leading providers of midstream services and ranks among the largest independent infrastructure firms in North America. The company owns and operates a diversified portfolio of infrastructure assets that are pivotal for delivering energy reliably and efficiently.
With a focus on connecting natural gas and natural gas liquids (NGLs) to both domestic and international markets, Targa is well-positioned to cater to the increasing demand for cleaner fuels. Being part of the FORTUNE 500 and included in the S&P 500, Targa’s operational prowess is critical in meeting energy needs effectively.
Forward-Looking Statements
As highlighted in this press release, certain statements are classified as “forward-looking statements” under the Securities Act of 1933 and the Securities Exchange Act of 1934. These statements include projections regarding the company’s future financial performance, capital expenditures, and dividend payments. It is important to note that these forward-looking statements are subject to various risks and uncertainties that could lead to results differing materially from those anticipated by Targa’s management.
Key risks include:
- Market demand fluctuations for natural gas, NGLs, and crude oil
- Timing and success of capital projects and business developments
- Commodity price volatility due to global events
- Changes in regulations affecting the industry
For a comprehensive understanding of these factors, stakeholders are encouraged to review Targa’s filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K and subsequent reports.
Contact Information
For more information about Targa Resources Corp. or the acquisition, please reach out to:
Targa Investor Relations
Email: InvestorRelations@targaresources.com
Phone: (713) 584-1133