Matthew Meloy is Chief Executive Officer of Targa Resources Corp. (TRGP). The company reported total compensation of $21,470,708 for fiscal year 2025.
| Salary | $1,170,667 |
|---|---|
| Bonus | $3,990,000 |
| Stock awards | $16,275,993 |
| Option awards | $0 |
| Non-equity incentive plan | $0 |
| Pension and non-qualified deferred compensation | $0 |
| All other compensation | $34,048 |
| Total | $21,470,708 |
A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed, without adjustment.
Cited to the compensation disclosure Targa Resources Corp. filed March 26, 2026, accession 0001193125-26-126280.
| Fiscal year | Role | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|---|
| FY2025 | Chief Executive Officer | $1,170,667 | $3,990,000 | $16,275,993 | $0 | $0 | $0 | $34,048 | $21,470,708 |
| FY2024 | Chief Executive Officer | $1,017,500 | $3,584,000 | $10,881,532 | $0 | $0 | $0 | $32,761 | $15,515,793 |
| FY2023 | Chief Executive Officer | $970,475 | $2,327,100 | $10,864,516 | $0 | $0 | $0 | $29,539 | $14,191,630 |
| FY2022 | Chief Executive Officer | $900,000 | $3,600,000 | $10,675,003 | $0 | $27,539 | $0 | $0 | $15,202,542 |
| FY2021 | Chief Executive Officer | $875,000 | $3,500,000 | $10,289,456 | $0 | $0 | $0 | $27,484 | $14,691,940 |
Totals as disclosed in each year's own compensation disclosure for Targa Resources Corp..
| Peer-group chief executive median | $12,448,975 |
|---|---|
| Difference from that median | $9,021,733 |
| Percentile within the disclosed peer group | 92nd |
| Peers with a disclosed figure | 12 |
Medians and percentiles are computed across the peer group Targa Resources Corp. discloses in its own compensation disclosure.
| Named executive officer | Role | FY2025 total |
|---|---|---|
| Matthew Meloy this page | Chief Executive Officer | $21,470,708 |
| Jennifer Kneale | President | $8,914,447 |
| Patrick McDonie | President – Gathering and Processing | $6,308,766 |
| Robert Muraro | Chief Commercial Officer | $6,308,766 |
| D. Scott Pryor | President – Logistics and Transportation | $6,308,766 |
| William Byers | Chief Financial Officer | $5,368,186 |
The company's named executive officers for fiscal year 2025, and what it reported for each. See the full Targa Resources Corp. compensation brief.
Matthew Meloy's compensation sits inside Targa Resources Corp.'s full executive and board picture — the peer group, pay against peers, incentive design and the board itself.