Targa Resources Management
Management criteria checks 4/4
Targa Resources' CEO is Matt Meloy, appointed in Mar 2020, has a tenure of 4.75 years. total yearly compensation is $14.19M, comprised of 6.8% salary and 93.2% bonuses, including company stock and options. directly owns 0.31% of the company’s shares, worth $119.04M. The average tenure of the management team and the board of directors is 3.7 years and 7.5 years respectively.
Key information
Matt Meloy
Chief executive officer
US$14.2m
Total compensation
| CEO salary percentage | 6.8% |
| CEO tenure | 4.8yrs |
| CEO ownership | 0.3% |
| Management average tenure | 3.7yrs |
| Board average tenure | 7.5yrs |
Recent management updates
Recent updates
Targa Resources Corp. (NYSE:TRGP) Shares Could Be 29% Above Their Intrinsic Value Estimate
Nov 21
Targa Resources: Assuming The Past Never Happens Again
Nov 11Should You Be Adding Targa Resources (NYSE:TRGP) To Your Watchlist Today?
Nov 03What You Can Learn From Targa Resources Corp.'s (NYSE:TRGP) P/E
Oct 16We Think Targa Resources (NYSE:TRGP) Is Taking Some Risk With Its Debt
Aug 30Targa Resources: Large Growth Potential With High Capex Spending
Aug 06A Look At The Intrinsic Value Of Targa Resources Corp. (NYSE:TRGP)
Jul 31Shareholders Should Be Pleased With Targa Resources Corp.'s (NYSE:TRGP) Price
Jul 16If EPS Growth Is Important To You, Targa Resources (NYSE:TRGP) Presents An Opportunity
Jun 21Targa Resources: Improving Ebitda And Possible Upside Potential
May 03Targa Resources (NYSE:TRGP) Is Increasing Its Dividend To $0.75
Apr 15A 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 Growing Organically
Sep 21Targa Resources Corp: At A Premium That Mutes A Buy Case
Jul 30Targa Resources Q4 2022 Earnings Preview
Feb 21Targa Resources declares $0.35 dividend
Jan 20CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | US$1b |
| Jun 30 2024 | n/a | n/a | US$1b |
| Mar 31 2024 | n/a | n/a | US$1b |
| 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 ($USD12.88M).
Compensation vs Earnings: Matt's compensation has been consistent with company performance over the past year.
CEO
Matt Meloy (46 yo)
4.8yrs
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 | 4.8yrs | US$14.19m | 0.31% $ 119.0m | |
| President of Finance & Administration | less than a year | US$5.67m | 0.10% $ 38.6m | |
| President of Logistics & Transportation | 6.8yrs | US$4.22m | 0.057% $ 22.1m | |
| President of Gathering & Processing | 9.1yrs | US$4.22m | 0.11% $ 44.0m | |
| Chief Commercial Officer | 6.8yrs | US$4.22m | 0.079% $ 30.4m | |
| Executive Vice President & CFO | less than a year | no data | 0.0016% $ 620.7k | |
| Senior VP & Chief Accounting Officer | 5.8yrs | no data | 0.012% $ 4.4m | |
| Vice President of Finance & Investor Relations | 7.7yrs | no data | no data | |
| Executive VP | less than a year | no data | 0.014% $ 5.2m | |
| Executive VP of Permian & General Partner | 2.4yrs | no data | no data | |
| Senior VP of Finance & Treasurer | 1.7yrs | no data | no data | |
| VP & Controller | 2.6yrs | no data | no data |
3.7yrs
Average Tenure
58yo
Average Age
Experienced Management: TRGP's management team is considered experienced (3.7 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 4.8yrs | US$14.19m | 0.31% $ 119.0m | |
| Observer | 8.8yrs | no data | no data | |
| Independent Director | 12.9yrs | US$281.27k | 0.073% $ 28.0m | |
| Independent Director | 19.2yrs | US$281.27k | 0.36% $ 137.6m | |
| Independent Director | 19.2yrs | US$285.02k | 0.038% $ 14.5m | |
| Independent Director | less than a year | no data | 0.00074% $ 285.3k | |
| Chairman of the Board | 3.9yrs | US$456.93k | 0.24% $ 91.9m | |
| Independent Director | less than a year | no data | 0.0023% $ 882.8k | |
| Lead Independent Director | 11.8yrs | US$306.27k | 0.013% $ 5.1m | |
| Independent Director | 6.3yrs | US$296.27k | 0.0086% $ 3.3m | |
| Independent Director | 9.4yrs | US$297.52k | 0.0044% $ 1.7m | |
| Independent Director | 4.5yrs | US$281.27k | 0.0043% $ 1.6m |
7.5yrs
Average Tenure
64yo
Average Age
Experienced Board: TRGP's board of directors are considered experienced (7.5 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 02:14 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Targa Resources Corp. is covered by 40 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Ethan Bellamy | Baird |
| Theresa Chen | Barclays |
| Richard Gross | Barclays |