10 Best Gas Stocks to Buy According to Billionaires

4. Targa Resources Corp. (NYSE:TRGP)

Number of Billionaire Investors: 16

Number of Hedge Fund Holders: 61

Targa Resources Corp. (NYSE:TRGP) is an American midstream energy infrastructure corporation that ranks among the best gas stocks to buy. As one of the largest integrated infrastructure companies, it delivers natural gas and natural gas liquids (NGLs) to key domestic and international demand markets. Targa Resources Corp. (NYSE:TRGP) has the leading gathering and processing position in the Permian Basin with significant access to NGL supply. The company’s gathering and processing assets also span other major shale and natural resource plays, like Bakken Shale, Barnett Shale, Eagle Ford Shale, Anadarko Basin, Ardmore Basin, Arkoma Basin, and onshore Louisiana.

The company is actively working on growth projects to expand its infrastructure and meet market demands. In its Gathering and Processing (G&P) segment, Targa Resources Corp. (NYSE:TRGP) is constructing several natural gas processing plants, including the Pembrook II, East Pembrook, and East Driver plants in the Permian Midland, as well as the Bull Moose II and Falcon II plants in the Permian Delaware. Additionally, Targa is building a 150 MBbl/d Train 11 fractionator in Mont Belvieu. These projects are progressing well and are on track for completion as planned.

In February 2025, Targa Resources Corp. (NYSE:TRGP) announced new initiatives to address the increasing production and infrastructure needs of its customers. These include the Delaware Express pipeline expansion, a 100-mile project in Permian Delaware, and an expansion of its LPG export capabilities at Galena Park Marine Terminal to handle 19 MMBbl per month. Another initiative is the Train 12, a new 150 MBbl/d fractionator in Mont Belvieu. Targa Resources Corp. (NYSE:TRGP) expects that these projects will start operations between 2026 and 2027.