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Targa Resources Corp. (TRGP)


NYSE - NYSE Delayed Price. Currency in USD
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46.64+0.34 (+0.73%)
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Targa Resources Corp.

1000 Louisiana Street
Suite 4300
Houston, TX 77002
United States
713-584-1000
http://www.targaresources.com

SectorBasic Materials
IndustryOil & Gas Pipelines
Full Time Employees1,970

Key Executives

NameTitlePayExercisedAge
Mr. Joe Bob PerkinsChief Exec. Officer and Director454.74kN/A57
Mr. Matthew J. MeloyChief Financial Officer and Exec. VP731.02kN/A39
Mr. Jeffrey J. McParlandPres of Admin.803.77kN/A62
Mr. Paul W. ChungExec. VP, Gen. Counsel and Sec.788.12kN/A57
Mr. James W. WhalenExec. ChairmanN/AN/A75
Amounts are as of December 31, 2016 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

Targa Resources Corp., through its general and limited partner interests in Targa Resources Partners LP, provides midstream natural gas and natural gas liquid (NGL) services in the United States. The company operates in two segments, Gathering and Processing, and Logistics and Marketing. It is involved in gathering, compressing, treating, processing, and selling natural gas; storing, fractionating, treating, transporting, terminaling, and selling NGLs and NGL products; and gathering, storing, and terminaling crude oil and refined petroleum products. The company also purchases and resells component NGL products; sells propane and provides related logistics services to multi-state retailers, independent retailers, and other end-users; offers NGL balancing services; and provides transportation services to refineries and petrochemical companies in the Gulf Coast area. It operates approximately 27,000 miles of natural gas pipelines, including 36 owned and operated processing plants; and 39 storage wells with a net storage capacity of approximately 66 million barrels. As of December 31, 2016, the company leased and managed approximately 700 railcars; 90 leased and managed transport tractors; and 20 company-owned pressurized NGL barges. Targa Resources Corp. was founded in 2005 and is headquartered in Houston, Texas.

Corporate Governance

Targa Resources Corp.’s ISS Governance QualityScore as of July 1, 2017 is 7. The pillar scores are Audit: 10; Board: 6; Shareholder Rights: 5; Compensation: 5.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.