10-K/APeriod: FY2010

Targa Resources Corp. Annual Report (Amendment), Year Ended Dec 31, 2010

Filed March 30, 2011For Securities:TRGP

Summary

This filing from Targa Resources Corp. (TRGP), filed on March 30, 2011, pertains to the period ending December 31, 2010. The report is an amendment (10-K/A) and primarily details the exhibits filed with the company's annual report. It does not contain a comprehensive overview of the company's financial performance or strategic initiatives for the year. Investors reviewing this document should understand that it serves as a supplement or amendment to the original 10-K filing. Therefore, to gain a full understanding of Targa Resources' financial health, operational achievements, and forward-looking statements for the 2010 fiscal year, it would be necessary to consult the original 10-K filing (typically filed around March 1, 2011) and any other subsequent filings that provide financial and operational updates. This specific filing acts as a repository for various agreements and legal documents foundational to the company's structure and operations.

Financial Highlights

48 data points
Beta

Net Income

-$15.00M

EPS (Diluted)

$-30.94

Total Assets

$3.39B

Cash & Equivalents

$188.40M

Free Cash Flow

$65.90M

Financial Statements
Beta
Operating Expenses$5.28B
Operating Income$196.10M
Interest Expense$110.90M
Net Income-$15.00M
EPS (Basic)$-30.94
EPS (Diluted)$-30.94
Shares Outstanding (Basic)6.50M
Shares Outstanding (Diluted)6.50M

Key Highlights

  • 1The filing is an amendment (10-K/A) to Targa Resources Corp.'s (TRGP) annual report for the period ending December 31, 2010.
  • 2The primary content of this filing is a detailed list of exhibits, including various purchase and sale agreements, amendments to agreements, credit agreements, and stock incentive plans.
  • 3Key agreements referenced include multiple Purchase and Sale Agreements from 2007 to 2010, indicating ongoing transactions and business development activities.
  • 4The filing lists numerous credit agreements and their amendments, highlighting the company's financing structure and relationships with various financial institutions such as Deutsche Bank, Credit Suisse, and Bank of America.
  • 5Various stock incentive plans and agreements are listed, pointing to the company's approach to executive and employee compensation and equity management.
  • 6The document references numerous supplemental indentures, suggesting a complex debt structure and the use of subsidiaries for specific financing or operational purposes.
  • 7Exhibit 21.1 lists Targa Resources Corp.'s subsidiaries, providing insight into the company's corporate structure.

Frequently Asked Questions

This filing is an amendment (10-K/A) to Targa Resources Corp.'s Annual Report for the fiscal year ended December 31, 2010. Its primary function is to provide a comprehensive list and incorporation by reference of various exhibits, including material agreements, legal documents, and financial instruments that are crucial to understanding the company's operations and corporate structure. It does not present new financial statements or detailed operational narratives.

This specific filing (10-K/A) mainly lists exhibits. To find Targa Resources' financial performance and operational results for the year ended December 31, 2010, investors should refer to the original 10-K annual report that was filed prior to this amendment. Information about its financial statements and management's discussion and analysis would be contained within that primary filing.

The exhibits listed in this filing cover a broad range of crucial corporate and financial documents. These include numerous Purchase and Sale Agreements, indicating past and ongoing business transactions; various Credit Agreements and their amendments, reflecting the company's debt financing; Stock Incentive Plans and related agreements, detailing executive and employee compensation strategies; Indentures and Supplemental Indentures, outlining debt issuance and covenants; and Contribution, Conveyance and Assumption Agreements, which likely detail the movement of assets and operations between various entities within the Targa Resources structure.

This filing is primarily an amended exhibit list for the 2010 fiscal year and does not contain forward-looking statements or strategic outlooks for 2011. To understand Targa Resources' strategy for 2011, investors should consult subsequent filings, such as the 10-Q (Quarterly Reports) or any specific investor presentations and press releases issued by the company during 2011.