CFO of Major U.S. Energy Infrastructure Firm Receives Billion-Won Stock Compensation

On January 15, 2026, Targa Resources Corp. (TRGP) granted its Chief Financial Officer William A. Byers 7,237 shares of common stock as equity compensation, increasing his direct holdings to 16,760 shares. Based on the disclosed share price, the grant is valued at approximately $1.39 million (about KRW 1.8 billion).

In its fourth-quarter and full-year 2025 results, the company reported net income of $545 million—a 55% year-over-year increase—and achieved a record adjusted EBITDA of $4.96 billion (roughly KRW 6 trillion). These milestones reflected aggressive capital investments and acquisitions, including a new gas processing plant in the Permian region and the $1.25 billion (approximately KRW 1.6 trillion) acquisition of Stakeholder Midstream.

Following a fourth-quarter 2025 dividend of $1.00 per share, Targa announced a recommendation to raise its annual dividend by 25% to $5.00 per share beginning in 2026. The company also reaffirmed its commitment to enhancing shareholder returns through dividends and share repurchases, guiding 2026 adjusted EBITDA of $5.4–5.6 billion and net growth capital expenditures of about $4.5 billion (around KRW 6 trillion).

TRGP’s share price has extended its upward trend, reaching a 52-week high of $227.62 on February 18—equivalent to roughly KRW 300,000 per share—while the company officially closed the Stakeholder Midstream acquisition in early January, further bolstering its midstream assets in the Permian region.

Headquartered in Houston, Texas, Targa Resources is a Fortune 500 midstream infrastructure company and an S&P 500 constituent, operating an integrated transportation, processing, and storage network that connects natural gas and natural gas liquids from production sites to the U.S. Gulf Coast and international markets.