How does Tapestry make money?
Targa Resources operates as a major North American midstream energy infrastructure company, generating its revenue primarily through gathering, compression, processing, treating, and transportation of natural gas and natural gas liquids. The corporation makes money by charging gathering and processing fees to oil and natural gas producers under long-term, fee-based contracts that shield cash flows from direct commodity price volatility. Additionally, Targa earns substantial revenue by fractionating mixed NGLs into purity products—such as propane, butane, and ethane—at its massive coastal and inland facilities, and marketing those commodities domestically and internationally to petrochemical, heating, and industrial consumers.
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