Targa Resources Corp.
Close on Oct 19, 2026
- Market cap
- $63.01B
- P/E (TTM)
- 27.9
- Dividend yield
- 1.28%
About Targa Resources
Natural Gas Transmission, SIC 4922
Targa Resources Corp. is an energy infrastructure provider that delivers midstream natural gas and natural gas liquids services. The company conducts its operations through two primary reportable segments: Gathering and Processing, and Logistics and Transportation. Through these business units, it gathers, treats, and processes natural gas, extracts natural gas liquids, and provides pipeline transportation, fractionation, terminaling, storage, and export capabilities. The organization serves energy producers and commodity markets by moving and refining raw natural gas, natural gas liquids, and condensate.
The company's operational infrastructure spans key domestic producing basins across North America, with specific midstream facilities, pipelines, and joint ventures situated in Texas, New Mexico, Arizona, and the Gulf Coast region. Its assets include gathering lines, processing plants, fractionators, and storage terminals that support domestic supply distribution and maritime export operations. Targa Resources Corp. maintains its corporate headquarters in Houston, Texas.
Summary of the business section of Targa Resources's latest annual report, written by StockData.
Company profile
Company
- Legal name
- Targa Resources Corp.
- Headquarters
- Houston, TX
- Address
- 811 Louisiana Street, Suite 2100 77002
- Phone
- (713) 584-1000
- Website
- targaresources.com
- Employees
- 3,570, Dec 31, 2025
- Industry
- Natural Gas Transmission
- Fiscal year ends
- December 31
- Auditor
- PricewaterhouseCoopers LLP, Houston, Texas
Stock & identifiers
- Ticker
- TRGP
- Exchange
- NYSE
- Shares outstanding
- 214M, Jul 31, 2026
- Public float
- $37.01B, Jun 30, 2025
- Filer category
- Large accelerated filer
- SEC CIK
- 1389170
- CUSIP
- 87612G101
- ISIN
- US87612G1013
- LEI
- 5493003QENHHS261UR94
- EIN
- 20-3701075
Executives and directors
Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years
| Name | Position | Shares owned |
|---|---|---|
| Matthew J. Meloy | Chief Executive Officer, Director | 712,291 |
| Brent B. Secrest | See Remarks | 12,500 |
| Robert Muraro | Chief Commercial Officer | 217,401 |
| Benjamin James Branstetter | See Remarks | 27,942 |
| John Christopher Eklof | Senior VP and CAO | 13,508 |
| Gerald R. Shrader | See Remarks | 33,373 |
| Patrick J. McDonie | See Remarks | 305,163 |
| D. Scott Pryor | See Remarks | 51,938 |
| Jennifer R. Kneale | President | 235,260 |
| William A. Byers | Chief Financial Officer | 16,760 |
| Julie H. Boushka | Senior VP and CAO | 32,602 |
| Joe Bob Perkins | Director | 132,091 |
| Paul W. Chung | Director | 508,622 |
| Charles R. Crisp | Director | 65,292 |
| Waters S. Davis IV | Director | 6,083 |
| Thomas Joseph Mathiasmeier | Director | 477 |
| Lindsey Cooksen | Director | 11,670 |
| Rene R. Joyce | Director | 404,467 |
| Beth A. Bowman | Director | 22,539 |
| Caron A. Lawhorn | Director | 3,552 |
| R. Keith Teague | Director | 8,876 |
| Laura C. Fulton | Director | 32,595 |
CEO pay and shareholder return
Pay versus performance table from the proxy statement
| Fiscal year | CEO total pay | CEO pay actually paid | Other executives (avg) | Value of $100 invested | Peer group |
|---|---|---|---|---|---|
| FY2025 Matthew J. Meloy | $21.47M | $31.01M | $6.64M | $770 | $347 |
| FY2024 Matthew J. Meloy | $15.52M | $77.27M | $5.17M | $729 | $337 |
| FY2024 Matthew J.Meloy | $15.52M | $77.27M | $5.17M | $729 | $337 |
| FY2023 Matthew J. Meloy | $14.19M | $28.56M | $4.58M | $347 | $224 |
| FY2023 Matthew J.Meloy | $14.19M | $28.56M | $4.58M | $347 | $224 |
| FY2022 Matthew J. Meloy | $15.20M | $39.20M | $4.72M | $287 | $188 |
“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.
Employees
Headcount reported in annual reports
“As of December 31, 2025, we employed approximately 3,570 people that primarily support our operations through a wholly-owned subsidiary of ours.”
Corporate history
Events identified from SEC filings
| Date | Event | Details |
|---|---|---|
| Aug 1, 2022 | Acquisition / sale | Completion of acquisition or disposition of assets (8-K Item 2.01) |
| Mar 3, 2017 | Acquisition / sale | Completion of acquisition or disposition of assets (8-K Item 2.01) |
| Feb 19, 2016 | Acquisition / sale | Completion of acquisition or disposition of assets (8-K Item 2.01) |
| Jan 11, 2016 | Merger vote | Definitive merger proxy statement |
| Dec 3, 2015 | Merger | Registration of securities for a merger or exchange offer (S-4) |
| Mar 4, 2015 | Acquisition / sale | Completion of acquisition or disposition of assets (8-K Item 2.01) |
| Jan 22, 2015 | Merger vote | Definitive merger proxy statement |
| Nov 20, 2014 | Merger | Registration of securities for a merger or exchange offer (S-4) |
| Dec 2, 2010 | Listing | Registration of securities on an exchange (Form 8-A) |
| Nov 12, 2010 | Name change | Name changed from Targa Resources Investments Inc. to Targa Resources Corp. |