Targa Resources to Acquire Stakeholder Midstream for $1.25 Billion

Core Viewpoint - Targa Resources has agreed to acquire Stakeholder Midstream for $1.25 billion in cash, enhancing its natural gas gathering and processing capabilities in the Permian Basin [1] Company Summary - Targa Resources is expanding its operations by acquiring Stakeholder Midstream, which specializes in natural gas gathering and processing services [1] - The acquisition is valued at $1.25 billion, indicating a significant investment in the natural gas sector [1] Industry Summary - The acquisition reflects ongoing consolidation in the natural gas industry, particularly in the Permian Basin, which is a key area for natural gas production [1] - Stakeholder Midstream's services will complement Targa Resources' existing operations, potentially increasing efficiency and market share in the region [1]