Targa Resources Corp. is a midstream energy company focused primarily on gathering and processing assets, with significant positions in the Permian, STACK, SCOOP, and Bakken plays. The company also has fractionation capacity at Mont Belvieu, operates a liquefied petroleum gas export terminal, and owns the Grand Prix natural gas liquids pipeline, one of its key assets. Targa Resources operates through two business segments: Gathering and Processing, and Logistics and Transportation, also known as its Downstream Business.