Summary
Targa Resources Corp. (TRGP) filed its Form 10-Q for the quarterly period ended June 30, 2011, presenting its financial position and operational performance. The report details the company's balance sheet, statements of operations, comprehensive income, changes in owners' equity, and cash flows, along with crucial notes to these statements. Investors should pay close attention to Management's Discussion and Analysis (MD&A) for insights into the company's financial condition and the factors driving its results, as well as the Risk Factors section for potential business and financial challenges. Legal proceedings and any defaults on senior securities are also disclosed, providing a comprehensive view of potential liabilities and ongoing concerns.
Financial Highlights
50 data points| Gross Profit | $250.50M |
| Operating Expenses | $1.63B |
| Operating Income | $98.50M |
| Interest Expense | $28.00M |
| Net Income | $10.50M |
| EPS (Basic) | $0.26 |
| EPS (Diluted) | $0.25 |
| Shares Outstanding (Basic) | 41.00M |
| Shares Outstanding (Diluted) | 41.40M |
Key Highlights
- 1The filing includes detailed financial statements for the six months ended June 30, 2011, offering a snapshot of TRGP's financial health.
- 2Management's Discussion and Analysis (MD&A) is a key section for understanding the drivers of the company's performance and its financial condition.
- 3Disclosure of market risks provides insight into how Targa Resources manages exposure to various market fluctuations.
- 4The report outlines any ongoing legal proceedings that could materially impact the company's financial standing.
- 5Risk Factors are enumerated, giving investors a clear understanding of the potential challenges and uncertainties facing Targa Resources.
- 6Information on unregistered sales of equity securities and use of proceeds is provided, relevant for understanding share dilution and capital allocation.