TRGP - Targa Resources Corp.

NYSE - NYSE Delayed Price. Currency in USD

Targa Resources Corp.

811 Louisiana Street
Suite 2100
Houston, TX 77002
United States
713-584-1000
http://www.targaresources.com

SectorEnergy
IndustryOil & Gas Midstream
Full Time Employees2,680

Key Executives

NameTitlePayExercisedYear Born
Mr. Joe Bob PerkinsExec. Chairman915.38kN/A1960
Mr. Matthew J. MeloyCEO & Director2.53MN/A1978
Ms. Jennifer R. KnealeChief Financial Officer1.05MN/A1979
Mr. D. Scott PryorPres of Logistics & Transportation1.32MN/A1963
Mr. Patrick J. McDoniePres of Gathering & Processing1.32MN/A1961
Amounts are as of December 31, 2019 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., together with its subsidiary, Targa Resources Partners LP, owns, operates, acquires, and develops a portfolio of midstream energy assets in North America. It operates in two segments, Gathering and Processing, and Logistics and Transportation. The company engages in gathering, compressing, treating, processing, transporting, and selling natural gas; storing, fractionating, treating, transporting, and selling natural gas liquids (NGL) and NGL products, including services to liquefied petroleum gas exporters; gathering, storing, terminaling, and selling crude oil; and storing, terminaling, and selling refined petroleum products. It is also involved in the purchase and resale of NGL products; and wholesale of propane, as well as provision of related logistics services to multi-state retailers, independent retailers, and other end-users. In addition, the company offers NGL balancing services; and transportation services to refineries and petrochemical companies in the Gulf Coast area, as well as purchases, markets, and resells natural gas. It operates approximately 28,900 miles of natural gas pipelines, including 46 owned and operated processing plants; and owns or operates a total of 34 storage wells with a gross storage capacity of approximately 72 million barrels. As of December 31, 2019, the company leased and managed approximately 698 railcars; 138 transport tractors; and 2 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 December 5, 2019 is 7. The pillar scores are Audit: 2; Board: 3; Shareholder Rights: 5; Compensation: 10.

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.