Targa Resources Corp.
Targa Resources Partners LP Amends Receivables Purchase Agreement
Summary
On July 1, 2026, Targa Resources Partners LP, a subsidiary of Targa Resources Corp., amended its Receivables Purchase Agreement with Targa Receivables LLC, a bankruptcy-remote special purpose entity. The amendment extends the Facility Termination Date to July 30, 2027, and establishes an uncommitted line of $200 million. As of July 1, 2026, there were approximately $451 million of trade receivable purchases outstanding under the Facility.
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About Targa Resources Corp.
Targa Resources Corp. is a prominent midstream energy company focused on the processing, storage, transportation, and marketing of natural gas and natural gas liquids (NGLs). It plays a vital role in the energy sector by facilitating the efficient flow of these critical resources from production sites to end users. Targa Resources Corp. provides a variety of essential services including gathering and processing, which involves collecting natural gas from wells, separating impurities, and preparing it for transport. Additionally, the company is involved in fractionation, which divides mixed NGLs into individual hydrocarbons such as propane, butane, and ethane. Targa's operations are key to energy infrastructure, supporting industries that rely on natural gas and NGLs for power generation, manufacturing, and heating. With a significant presence in major U.S. shale basins, Targa Resources Corp. contributes to the country's energy supply chain stability and efficiency, making it a strategic player in the integration and distribution of energy resources across multiple markets.
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