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Targa Resources Corp Is A Midstream Firm That Mainly Operates Gathering And Processing Assets With Substantial Positions In The Permian, Stack, Scoop, And Bakken Plays. It Has Fractionation Capacity At Mont Belvieu And Operates A Liquefied Petroleum Gas Export Terminal. The Grand Prix Natural Gas Liquids Pipeline Is Another Important Asset. It Has Two Operating Segments: Gathering And Processing, And, Logistics And Transportation (Also Referred To As The Downstream Business).