Targa Resources Corp. (0LD9.L)

60.38 +0.18 (+0.30%) As of 02:30PM BST. Market open.

Targa Resources Corp.

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

Sector(s): 
Industry: 
Full-time employees: 2,430

Key executives

Name	Title	Pay	Exercised	Year born
Mr. Matthew J. Meloy	CEO & Director	4.4M	N/A	1978
Ms. Jennifer R. Kneale	Chief Financial Officer	1.75M	N/A	1979
Mr. D. Scott Pryor	Pres of Logistics & Transportation	1.6M	N/A	1963
Mr. Patrick J. McDonie	Pres of Gathering & Processing	1.6M	N/A	1961
Mr. Robert M. Muraro	Chief Commercial Officer	1.6M	N/A	1977
Mr. G. Clark White	Exec. VP of Operations	N/A	N/A	1960
Ms. Julie H. Boushka	Sr. VP & Chief Accounting Officer	N/A	N/A	1963
Mr. Sanjay Lad	VP of Fin. & Investor Relations	N/A	N/A	N/A
Ms. Regina L. Gregory	Exec. VP, Gen. Counsel & Sec.	N/A	N/A	1971
Mr. Denny Latham	Exec. VP of Permian & Gen. Partner	N/A	N/A	N/A

Amounts are as of 31 December 2021, and compensation values are for the last fiscal year ending on that date. Pay includes 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. The company operates in two segments, Gathering and Processing, and Logistics and Transportation. It 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; and gathering, storing, terminaling, purchasing, and selling crude oil. The company 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, it 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. The company operates approximately 28,400 miles of natural gas pipelines, including 42 owned and operated processing plants; and owns or operates a total of 34 storage wells with a gross storage capacity of approximately 76 million barrels. As of December 31, 2021, it leased and managed approximately 648 railcars; 119 transport tractors; and two company-owned pressurized NGL barges. The company was incorporated in 2005 and is headquartered in Houston, Texas.

Corporate governance

Targa Resources Corp.’s ISS governance QualityScore as of 1 September 2022 is 3. The pillar scores are Audit: 5; Board: 5; Shareholder rights: 5; Compensation: 1.

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 10 indicates higher governance risk.