TRGP FY2025 SEC EDGAR DEF 14A #5 of 58 in industry

Targa Resources Corp. CEO pay ratio

The CEO earned $21.4M in FY2025 against median worker pay of $147,880 · Electric, Gas & Sanitary Services.

Electric, Gas & Sanitary Services peers All rankings
State
TX
Filing date
2026-03-26
Industry
Electric, Gas & Sanitary Services
Industry rank
#5/58

Data updated August 2026

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CEO-to-worker pay ratio
145:1
Moderate (Scale: 0–1000:1)
CEO pay
$21.4M
Median worker
$147,880

Answer first

Targa Resources Corp.'s FY2025 CEO total of $21.4M ranks #152 of 1,423 complete filings; its 145:1 pay ratio ranks #453. Dollar rank is not ratio rank.

According to the same FY2025 complete-filing cohort used on the rankings boards (CEO total, median worker, and ratio all present). Median worker pay is $147,880. Industry placement uses the FY2025 SIC-49 peer cohort (# 5 of 58, 93rd percentile - top 10% of industry peers by pay ratio). Figures come from Section 953(b) Dodd-Frank DEF 14A disclosures - not estimates. View all Electric, Gas & Sanitary Services companies.

Dollar rank
#152
$21.4M of 1,423 FY2025
Ratio rank
#453
145:1 of 1,423
Industry pct
93rd
top 10% of industry peers by pay ratio

How Targa Resources Corp. ranks nationally

Targa Resources Corp. CEO pay vs. every FY2025 complete filing

Total CEO compensation, the full national distribution, this company marked

$21,442,600 Top 11% higher than 89% of 1,423 companies

$0–$2,500,000: 304 companies (21%). Below this entry. $2,500,000–$5,000,000: 182 companies (13%). Below this entry. $5,000,000–$7,500,000: 208 companies (15%). Below this entry. $7,500,000–$10,000,000: 192 companies (13%). Below this entry. $10,000,000–$12,500,000: 139 companies (10%). Below this entry. $12,500,000–$15,000,000: 91 companies (6%). Below this entry. $15,000,000–$17,500,000: 88 companies (6%). Below this entry. $17,500,000–$20,000,000: 54 companies (4%). Below this entry. $20,000,000–$22,500,000: 24 companies (2%). This entry sits in this band. $22,500,000–$25,000,000: 34 companies (2%). Above this entry. $25,000,000–$27,500,000: 24 companies (2%). Above this entry. $27,500,000–$30,000,000: 16 companies (1%). Above this entry. $30,000,000–$32,500,000: 10 companies (1%). Above this entry. $32,500,000–$35,000,000: 7 companies (0%). Above this entry. $35,000,000–$37,500,000: 9 companies (1%). Above this entry. $37,500,000–$40,000,000: 6 companies (0%). Above this entry. $40,000,000–$42,500,000: 1 companies (0%). Above this entry. $42,500,000–$45,000,000: 1 companies (0%). Above this entry. $45,000,000–$47,500,000: 6 companies (0%). Above this entry. $47,500,000–$50,000,000: 27 companies (2%). Above this entry. This company $0 $50M+ every complete-filing company, bucketed by value

Each bar is a $2500K-wide band; taller bars hold more companies. The dashed line + filled bar mark this entry. Hover or tap any bar for its full count, share, and where it sits relative to this entry.

Source SEC DEF 14A Section 953(b) disclosures, PlainCEOPay extract · FY2025

Targa Resources Corp. vs. Electric, Gas & Sanitary Services peers

CEO total pay ($21.4M) against pay ratio (145:1) for Targa Resources Corp. (marked) and its 4 closest same-industry peers, against the Electric, Gas & Sanitary Services industry median on both axes.

Pay + gap both highContained pay, wide gapHigh pay, contained gapBelow peer norms on both8174195.313430241.11868628723942332.829198378.775.3:198.3:1121.3:1144.2:1167.2:1CEO total payPay ratio (CEO : median worker)Targa Resources Corp., CEO total pay: 21442600 · Pay ratio (CEO : median worker): 145:1Targa Resources Corp.Nextera Energy Inc, CEO total pay: 24189585 · Pay ratio (CEO : median worker): 147:1Nextera Energy IncSempra, CEO total pay: 22271210 · Pay ratio (CEO : median worker): 130:1SempraSouthern Co, CEO total pay: 28242734 · Pay ratio (CEO : median worker): 163:1Southern CoAes Corp, CEO total pay: 9129840 · Pay ratio (CEO : median worker): 120:1Aes Corp
Targa Resources Corp. vs. Electric, Gas & Sanitary Services peers, plotted against the industry's $9.1M median CEO total and 80:1 median pay ratio.

Ratio bands among Electric, Gas & Sanitary Services peers

Exclusive CEO-to-median-worker bands across 51 complete latest-FY filings in SIC 49. Segments sum to the peer set, not this company's compensation pillar.

CEO Compensation Breakdown, FY2025

A component-level pay breakdown is not reported in Targa Resources Corp.'s structured SEC pay-ratio disclosure. See our methodology →

Filing-year trail · Targa Resources Corp.

Complete DEF 14A pay-ratio filings for this CIK across FY2021–2025. Year-over-year deltas compare adjacent filing years only; incomplete dollar rows are omitted (same completeness gate as the hero figures).

Latest ratio
145:1
FY2025
vs prior FY
+36:1
from FY2024 109:1
CEO $ YoY
+39%
$21.4M latest
Filings shown
5
FY2021–2025
Targa Resources Corp. CEO total compensation, median worker pay, and pay ratio by fiscal year from SEC EDGAR DEF 14A.
FY CEO pay Δ pay Median worker Pay ratio Δ ratio
2021 $14.7M - $124,880 118:1 -
2022 $15.2M +3.2% $135,339 112:1 -6:1
2023 $14.2M -6% $133,130 107:1 -5:1
2024 $15.4M +8.4% $141,711 109:1 +2:1
2025 $21.4M +39% $147,880 145:1 +36:1

Source: SEC EDGAR DEF 14A pay-ratio disclosures for CIK 1389170, FY2021–2025. Adjacent-year deltas only.

Industry Comparison - Electric, Gas & Sanitary Services

This Company's Ratio
145:1
Industry Median Ratio
80:1
Industry Median CEO Pay
$9.1M
This CEO's Pay
$21.4M
Companies in Industry
58
vs. Industry Median
Above
#5 of 58 by pay ratio in this industry View all companies in Electric, Gas & Sanitary Services →

Targa Resources Corp.: MID · PEAK pay ratio

Targa Resources Corp.'s FY2025 ratio 145:1 ranks #5 of 58 Electric, Gas & Sanitary Services filers (93rd percentile). the CEO earned 145× the median employee ($147,880) in FY2025.

Median employee $147,880 (ELITE-MED); MID · PEAK stamps put about 145 median-wage years per CEO year.

CEO Total Pay

$21.4M

FY2025 Summary Compensation, well above median

Pay Ratio

145:1

Near industry median

Targa Resources Corp. in the higher Electric, Gas & Sanitary Services third

Targa Resources Corp.'s FY2025 ratio 145:1 ranks #5 of 58 Electric, Gas & Sanitary Services filers (93rd percentile). The structured pay-ratio disclosure reports the total without line-item components. Electric, Gas & Sanitary Services (SIC 49) median ratio is 80:1 across 58 FY2025 filers; Targa Resources Corp.'s $21.4M CEO total is above the $9.1M industry median CEO pay.

Dollar rank #152 and ratio rank #453 split - treat 145:1 as a disclosure, not a fairness score. Open Electric, Gas & Sanitary Services peers.

Key Data, FY2025

Total Compensation
$21.4M
Median Employee Pay
$147,880
Pay Ratio
145:1
Filing Date
2026-03-26

Company Info

Ticker
TRGP
CIK
1389170
Industry
Electric, Gas & Sanitary Services
SIC Code
4922
State
TX
View SEC filings →
SEC EDGAR DEF 14A for CIK 1389170, FY2025. Informational only, not investment advice. Verify on EDGAR.

Read our methodology - how this data is sourced, computed, and verified. Targa Resources Corp.'s FY2025 ratio 145:1 ranks #5 of 58 Electric, Gas & Sanitary Services filers (93rd percentile).

Read with Targa Resources Corp.

ABS(ceo_total_comp) peers first, then a SIC pole and a stamp-branched guide - not a fixed Related strip. This page stamps MID · PEAK · ELITE-MED.

Stryker Corp · PEAK

ABS(ceo_total_comp) peer at $21.4M (Δ $41K lighter vs Targa Resources Corp.); STEEP · HIGH-MED vs this page's MID · PEAK · ELITE-MED.
Cognizant Technology Solutions Corp · PEAK

ABS(ceo_total_comp) peer at $21.5M (Δ $88K heavier vs Targa Resources Corp.); HIGH · PAR-MED vs this page's MID · PEAK · ELITE-MED.
Lowes Companies Inc · PEAK

ABS(ceo_total_comp) peer at $21.6M (Δ $139K heavier vs Targa Resources Corp.); EXTREME · LOW-MED vs this page's MID · PEAK · ELITE-MED.
Baker Hughes Co · PEAK

ABS(ceo_total_comp) peer at $21.3M (Δ $139K lighter vs Targa Resources Corp.); HIGH · PAR-MED vs this page's MID · PEAK · ELITE-MED.
Nextera Energy Inc (SIC 49 pole)

Nextera Energy Inc stamps MID · PEAK nearest in-SIC by ABS(pay_ratio) to Targa Resources Corp.'s MID filing.
National dual ranks · #152/#453

Targa Resources Corp.'s FY2025 package sits #152 by CEO dollars and #453 by ratio under PEAK · MID.
Comp structure · PEAK

Targa Resources Corp.'s PEAK CEO total is equity-sensitive - read what grant-date fair value does and does not mean.
Data sourced from SEC EDGAR DEF 14A for Targa Resources Corp. (CIK 1389170), FY2025. See our methodology. Aggregated by PlainCEOPay as of August 2026.

Data currency: Executive compensation from SEC EDGAR DEF 14A proxy statements through fiscal year 2025, compiled and last refreshed August 2026. See our methodology for source dates and refresh cadence. Spot a figure that looks wrong? Report a correction.