10-Q/APeriod: Q2 FY2011

Targa Resources Corp. Quarterly Report (Amendment) for Q2 Ended Jun 30, 2011

Filed August 19, 2011For Securities:TRGP

Summary

This 10-Q filing from Targa Resources Corp. on August 19, 2011, primarily serves as an exhibit index, referencing various organizational documents and indentures. While it does not contain detailed financial performance data for the quarter, it provides critical information about the company's legal and financial structure. Investors can review these exhibits to understand the foundational corporate governance documents, including certificates of incorporation, bylaws, and limited partnership agreements. The filing also highlights supplemental indentures related to debt financing, indicating ongoing capital management activities and commitments. For investors, the key takeaway is the reference to the established corporate framework governing Targa Resources Corp. and its partnerships. The numerous incorporated exhibits offer transparency into the company's legal entity structures and debt instruments. Understanding these documents is essential for a comprehensive view of the company's operational and financial underpinnings, especially concerning its debt obligations and the rights and responsibilities of its various legal entities.

Financial Highlights

50 data points
Beta

Net Income

$10.50M

EPS (Diluted)

$0.25

Total Assets

$3.50B

Cash & Equivalents

$154.70M

Free Cash Flow

$70.20M

Financial Statements
Beta
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

  • 1Filing primarily consists of an exhibit index, referencing foundational corporate governance and legal documents.
  • 2Includes references to Targa Resources Corp.'s Amended and Restated Certificate of Incorporation and Bylaws.
  • 3Details Targa Resources Partners LP's Certificate of Limited Partnership and Agreement of Limited Partnership.
  • 4References the formation and operating agreements for Targa Resources GP LLC.
  • 5Lists several supplemental indentures dated April 8, 2011, related to debt financing for Targa Terminals LLC and Targa Resources Partners Finance Corporation.
  • 6Incorporates by reference numerous exhibits previously filed in other SEC filings, providing a historical record of corporate actions and structures.
  • 7Exhibit 4.1 references the specimen Common Stock Certificate, indicating details related to the company's equity.

Frequently Asked Questions

This 10-Q filing primarily serves as an exhibit index, meaning it lists and incorporates by reference various supporting documents that define the company's corporate structure, legal agreements, and financial instruments. It does not present the detailed financial statements and management discussion of operations typically found in the main body of a 10-Q.

Information regarding Targa Resources' debt can be found by reviewing the referenced supplemental indentures, such as Exhibits 10.1 through 10.4. These exhibits detail specific debt issuances and agreements involving Targa Terminals LLC, Targa Resources Partners LP, and Targa Resources Partners Finance Corporation.

No, this specific filing, focusing on Item 6. Exhibits, does not provide detailed financial performance data or management's discussion and analysis for the quarter. It primarily lists and incorporates by reference other previously filed documents that contain such information.

The filing references core legal documents governing the corporate structure, including the Amended and Restated Certificate of Incorporation and Bylaws for Targa Resources Corp., and the Certificate of Limited Partnership and Agreement of Limited Partnership for Targa Resources Partners LP. It also includes formation and operating agreements for Targa Resources GP LLC.