What are the responsibilities and job description for the Gas Trading Analyst position at Targa Resources?
POSITION SUMMARY:
This role supports commercial operations by integrating residue gas forecasts into trading models, monitoring pipeline utilization, analyzing market fundamentals, and maintaining trader position reports. The Analyst will collaborate across teams including Gathering & Processing, Risk Management, Accounting, and Corporate Development to support trading decisions, infrastructure planning, and financial reporting.
JOB FUNCTIONS AND KEY RESPONSIBILITIES:
Residue Forecasting & Pipeline Modeling
Collaborate with Gathering & Processing (G&P) teams to monitor residue gas forecasts and plant growth.
Integrate forecasts into gas flow models to estimate volumes requiring marketing and compare against firm transportation capacity.
Track actual residue volumes on company-owned pipelines vs. marketed capacity to internal trading desks and third-party shippers.
Market Analysis & Modeling
Build and maintain supply/demand models to forecast natural gas fundamentals and infrastructure trends (e.g, LNG, Data Centers, Pipelines).
Monitor regional basis spreads, pipeline constraints, and market dynamics to inform trading strategies.
Prepare market outlooks, flash updates, and strategic decks for senior leadership.
Trade Support & Risk Monitoring
Track trader positions including hedges, transport spreads, and mark-to-market performance.
Support trade entry and validation in the ETRM system; extract and compile trader position reports.
Partner with Risk Management to develop monthly reports on commodity exposure and transport books.
Commercial & Financial Coordination
Work with Accounting and Mid-Office to prepare flash P&L and monthly financial updates.
Collaborate with Corporate Development to model new pipeline projects and acquisition opportunities.
Act as a commercial liaison for accounting-related issues and reporting.
Operational Support
Assist in weekend and intraday residue gas sales for various gas processing plants.
Facilitate short-term and month-to-month gas transportation procurement strategies.
Generate commercial reports from Allegro and maintain operational spreadsheets to improve team communication.
MINIMUM ESSENTIAL QUALIFICATIONS:
Bachelor’s degree in accounting, Business, Economics or related fields
Advanced level of proficiency with Microsoft Excel, PowerPoint & Word
Strong communication and documentation skills, including the ability to interact effectively with various levels of staff and management
Motivated, self-directed and detail-oriented, while also maintaining a results-driven approach to work; Demonstrated accountability skills including the ability to take ownership of assigned tasks
Strong analytical skills, including the ability to recognize and research irregularities and inconsistencies
Deadline oriented with excellent organizational skills with close attention to detail, including organization of work papers
Effective in a dynamic environment, adapting to and managing change in a positive and proactive manner
Capable of establishing effective working relationships that promote teamwork and collaboration
Ability to remain positive, professional, determined, calm and focused when faced with challenging situations
Regular and reliable attendance.
PREFERRED QUALIFICATIONS:
General understanding of the midstream natural gas industry
Energy industry certifications
EQUAL EMPLOYMENT OPPORTUNITY:
Targa Resources provides equal employment opportunities based on merit, experience, and other work-related criteria and without regard to race, color, ethnicity, religion, national origin, sex, age, pregnancy, disability, veteran status, or any other status protected by applicable law. We also strive to provide reasonable accommodation to employees’ beliefs and practices that do not conflict with Targa’s policies and applicable law. We value the unique contributions that every employee brings to their role with Targa.