Targa Resources Management
Management criteria checks 4/4
Targa Resources' CEO is Matt Meloy, appointed in Mar 2020, has a tenure of 4.08 years. total yearly compensation is $14.19M, comprised of 6.8% salary and 93.2% bonuses, including company stock and options. directly owns 0.24% of the company’s shares, worth $61.50M. The average tenure of the management team and the board of directors is 5.6 years and 8.5 years respectively.
Key information
Matt Meloy
Chief executive officer
US$14.2m
Total compensation
| CEO salary percentage | 6.8% |
| CEO tenure | 4.1yrs |
| CEO ownership | 0.2% |
| Management average tenure | 5.6yrs |
| Board average tenure | 8.5yrs |
Recent management updates
Recent updates
Targa Resources (NYSE:TRGP) Is Increasing Its Dividend To $0.75
Apr 15
A Look At The Fair Value Of Targa Resources Corp. (NYSE:TRGP)
Apr 07Here's Why Targa Resources (NYSE:TRGP) Can Manage Its Debt Responsibly
Mar 20Targa: 2024 Shaping Up To Be A Good Year
Mar 06A Look At The Intrinsic Value Of Targa Resources Corp. (NYSE:TRGP)
Dec 26Targa Resources: Promising Growth Prospects But Almost Full Valuation
Dec 05Targa Resources (NYSE:TRGP) Seems To Use Debt Quite Sensibly
Oct 22Estimating The Intrinsic Value Of Targa Resources Corp. (NYSE:TRGP)
Sep 21Targa Resources Growing Organically
Sep 21Does Targa Resources (NYSE:TRGP) Deserve A Spot On Your Watchlist?
Sep 02Some Analysts Just Cut Their Targa Resources Corp. (NYSE:TRGP) Estimates
Aug 15Targa Resources Corp: At A Premium That Mutes A Buy Case
Jul 30Targa Resources (NYSE:TRGP) Has A Pretty Healthy Balance Sheet
Jul 10Calculating The Intrinsic Value Of Targa Resources Corp. (NYSE:TRGP)
Jun 18These 4 Measures Indicate That Targa Resources (NYSE:TRGP) Is Using Debt Reasonably Well
Apr 03Targa Resources Corp.'s (NYSE:TRGP) Intrinsic Value Is Potentially 40% Above Its Share Price
Mar 07Targa Resources Q4 2022 Earnings Preview
Feb 21Targa Resources (NYSE:TRGP) Is Paying Out A Dividend Of $0.35
Jan 24News Flash: Analysts Just Made A Notable Upgrade To Their Targa Resources Corp. (NYSE:TRGP) Forecasts
Jan 20Targa Resources declares $0.35 dividend
Jan 20Targa Resources prices $1.75B notes offering to buy remaining stake in Grand Prix NGL Pipeline
Jan 03Is Targa Resources (NYSE:TRGP) Using Too Much Debt?
Dec 22Targa Resources: With Solid Q3 Results, This Company May Be Worth Considering
Nov 04Calculating The Fair Value Of Targa Resources Corp. (NYSE:TRGP)
Nov 02Targa Resources declares $0.35 dividend
Oct 13Targa Resources moves to S&P 500; Payoneer jumps on SmallCap 600 addition
Oct 06Targa Resources (NYSE:TRGP) Seems To Use Debt Quite Sensibly
Sep 22Targa Resources: Impressive Q2 Earnings Plus Growth Prospects
Aug 26Does Targa Resources (NYSE:TRGP) Deserve A Spot On Your Watchlist?
Aug 26Targa Resources Q2 2022 Earnings Preview
Aug 03Is Targa Resources Corp. (NYSE:TRGP) Trading At A 27% Discount?
Aug 01Targa Resources declares $0.35 dividend
Jul 14Updating Our Targa Resources Valuation After Its Lucid Energy Acquisition
Jun 30Targa Resources: Back In The Buy Zone
Jun 21CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2023 | US$14m | US$970k | US$828m |
| Sep 30 2023 | n/a | n/a | US$868m |
| Jun 30 2023 | n/a | n/a | US$844m |
| Mar 31 2023 | n/a | n/a | US$890m |
| Dec 31 2022 | US$15m | US$900k | US$897m |
| Sep 30 2022 | n/a | n/a | US$244m |
| Jun 30 2022 | n/a | n/a | US$211m |
| Mar 31 2022 | n/a | n/a | -US$128m |
| Dec 31 2021 | US$15m | US$875k | -US$16m |
| Sep 30 2021 | n/a | n/a | US$319m |
| Jun 30 2021 | n/a | n/a | US$195m |
| Mar 31 2021 | n/a | n/a | US$210m |
| Dec 31 2020 | US$12m | US$780k | -US$2b |
| Sep 30 2020 | n/a | n/a | -US$2b |
| Jun 30 2020 | n/a | n/a | -US$2b |
| Mar 31 2020 | n/a | n/a | -US$2b |
| Dec 31 2019 | US$6m | US$588k | -US$334m |
| Sep 30 2019 | n/a | n/a | -US$327m |
| Jun 30 2019 | n/a | n/a | -US$302m |
| Mar 31 2019 | n/a | n/a | -US$182m |
| Dec 31 2018 | US$6m | US$517k | -US$119m |
| Sep 30 2018 | n/a | n/a | US$272m |
| Jun 30 2018 | n/a | n/a | US$129m |
| Mar 31 2018 | n/a | n/a | US$78m |
| Dec 31 2017 | US$6m | US$473k | -US$63m |
Compensation vs Market: Matt's total compensation ($USD14.19M) is about average for companies of similar size in the US market ($USD13.51M).
Compensation vs Earnings: Matt's compensation has been consistent with company performance over the past year.
CEO
Matt Meloy (45 yo)
4.1yrs
Tenure
US$14,191,630
Compensation
Mr. Matthew J. Meloy, also known as Matt, is Chief Executive Officer and Director of Targa Resources GP LLC, the General Partner of Targa Resources Partners LP since March 1, 2020. Mr. Meloy has been Chief...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 4.1yrs | US$14.19m | 0.24% $ 61.5m | |
| Chief Financial Officer | 6.1yrs | US$5.67m | 0.075% $ 19.3m | |
| President of Logistics & Transportation | 6.1yrs | US$4.22m | 0.070% $ 18.1m | |
| President of Gathering & Processing | 8.4yrs | US$4.22m | 0.11% $ 28.9m | |
| Chief Commercial Officer | 6.1yrs | US$4.22m | 0.080% $ 20.6m | |
| Senior VP & Chief Accounting Officer | 5.1yrs | no data | 0.027% $ 7.0m | |
| Vice President of Finance & Investor Relations | 7yrs | no data | no data | |
| Executive VP | less than a year | no data | 0.016% $ 4.2m | |
| Executive VP of Permian & General Partner | 1.8yrs | no data | no data | |
| Senior VP of Finance & Treasurer | less than a year | no data | no data |
5.6yrs
Average Tenure
59yo
Average Age
Experienced Management: TRGP's management team is seasoned and experienced (5.6 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 4.1yrs | US$14.19m | 0.24% $ 61.5m | |
| Observer | 8.2yrs | no data | no data | |
| Independent Director | 12.3yrs | US$281.27k | 0.16% $ 40.7m | |
| Independent Director | 18.5yrs | US$281.27k | 0.35% $ 90.8m | |
| Independent Director | 18.5yrs | US$285.02k | 0.045% $ 11.7m | |
| Independent Director | 13.2yrs | US$264.90k | 0.013% $ 3.4m | |
| Chairman of the Board | 3.3yrs | US$456.93k | 0.25% $ 63.4m | |
| Independent Director | less than a year | no data | 0.0022% $ 580.9k | |
| Lead Independent Director | 11.2yrs | US$289.90k | 0.013% $ 3.3m | |
| Independent Director | 5.6yrs | US$296.27k | 0.0085% $ 2.2m | |
| Independent Director | 8.8yrs | US$297.52k | 0.0053% $ 1.4m | |
| Independent Director | 3.8yrs | US$281.27k | 0.0042% $ 1.1m |
8.5yrs
Average Tenure
64yo
Average Age
Experienced Board: TRGP's board of directors are considered experienced (8.5 years average tenure).