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Targa Resources
Natural Gas ExtractionUnited StatesNYSE: TRGP
Last verified 18 days agotargaresources.com
Targa Resources Corp., commonly referred to as Targa, is a leading provider of natural gas and natural gas liquids services in the United States. Headquartered in Houston, Texas, the company operates primarily in the Gulf Coast and Mid-Continent regions, focusing on the midstream sector of the energy industry. Founded in 2005, Targa has achieved significant milestones, including strategic acquisitions that have expanded its operational footprint and service capabilities.
Targa's core offerings include natural gas processing, transportation, and storage, as well as the fractionation of natural gas liquids. What sets Targa apart is its integrated approach, which enhances efficiency and reliability in delivering energy solutions. With a strong market position, Targa Resources has established itself as a key player in the energy landscape, recognised for its commitment to operational excellence and sustainability.
11
DitchCarbon score
-8 vs industry average
Targa Resources’s score of 11 is lower than 38% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Very High
Natural Gas Extraction is among the most carbon-intensive industries
Industry performance
0.868
20182025
The Natural Gas Extraction industry has reduced its overall emissions by 16% since 2018
Emissions trajectory 2020 – 2027
20202021202220232024202520262027
Reported emissions
Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e
Scope 3 accounts for ••• of total emissions.
Targa Resources's reported carbon emissions
In 2024, Targa Resources reported total emissions of approximately 14.2 billion kg CO2e, comprising about 10.2 billion kg CO2e from Scope 1 and about 4.0 billion kg CO2e from Scope 2 emissions. The company has set ambitious climate commitments, aiming to achieve net zero emissions for both Scope 1 and Scope 2 by 2040, with this target initiated in 2023.
In 2023, Targa's emissions were approximately 13.2 billion kg CO2e, with Scope 1 emissions at about 9.5 billion kg CO2e and Scope 2 emissions at around 3.7 billion kg CO2e. This reflects a significant increase in emissions from the previous year, where total emissions in 2022 were approximately 12.0 billion kg CO2e, with Scope 1 at about 8.7 billion kg CO2e and Scope 2 at around 3.3 billion kg CO2e.
Targa Resources has not disclosed any Scope 3 emissions data, indicating a potential area for future reporting and improvement. The company’s climate initiatives are aligned with industry standards, and their commitment to reducing emissions is a critical aspect of their operational strategy.
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Targa Resources’s Climate Goals (2030 & 2050)
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
On track94%
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
At risk48%
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
Behind target22%
Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.
Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Climate initiatives
Science Based Targets Initiative
See details
Active
Carbon Disclosure Project
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Not active
The Climate Pledge
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Not active
UN Global Compact Climate Champions initiative
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Not active
RE 100
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Not active
Climate Action 100
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Not active
Emissions comparison with industry peers
View similar organisationsCompanyCountryIndustryLast updatedScoreDetails
Targa Resources18 days ago
11
Frequently asked questions
Common questions about Targa Resources’s sustainability data and climate commitments
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